What is reporting rule in SAP FIN-CS - S4HANA Financial Consolidation?

SAP Term: reporting rule

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: A rule that defines how reporting items are derived. A reporting rule assigns a reporting item with selection criteria for specific data, such as FS items, consolidation units, document types, and sign reversal settings. In a report, the system uses these selection criteria to calculate an aggregated value for the reporting item. In this way, reporting rules enable flexible data selection and structuring of data into report rows or columns in various reports, such as cash flow statement, statement of changes in equity, statement of comprehensive income, and P<>&<>L by function of expense.

Smart SAP Assistant

• Key Concepts: 
  A reporting rule is a set of instructions used to define how data is reported in SAP S4HANA Financial Consolidation. It is used to define the structure of the financial statements, such as the balance sheet, income statement, and cash flow statement. It also defines how data is aggregated and consolidated across different entities. 
  
  How to use it: 
  In SAP S4HANA Financial Consolidation, reporting rules are used to define the structure of the financial statements. This includes defining the accounts that will be included in each statement, as well as how they will be aggregated and consolidated across different entities. The reporting rules can also be used to define the currency in which the financial statements will be reported. 
  
  Tips & Tricks: 
  When creating a reporting rule, it is important to ensure that all of the accounts included in the rule are properly mapped to their respective entities. This will ensure that the data is accurately consolidated across different entities. Additionally, it is important to ensure that all of the accounts included in the rule are properly categorized according to their respective financial statement type (e.g., balance sheet, income statement, etc.). 
  
  Related Information: 
  For more information on reporting rules in SAP S4HANA Financial Consolidation, please refer to the official documentation provided by SAP. Additionally, there are several online resources available that provide detailed tutorials on how to create and manage reporting rules in SAP S4HANA Financial Consolidation.