What is change of control in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: change of control

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: Method change which allows the group to gain or loose control gain or loss of control over an investee unit. A method change from equity method or mutual stock method to purchase method results in gain of control. A method change from purchase method to equity method or mutual stock method results in loss of control. In case of a control change the system performs a total devestiture followed by a new first consolidation of the same investee unit according to the new accounting technique.

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• Key Concepts: 
  Change of control is a feature in SAP Business Consolidation (FIN-SEM-BCS) that allows users to track changes in the ownership of a company or business unit. It is used to monitor changes in the ownership structure of a company, such as when a company is acquired or merged with another. This feature helps to ensure that the financial data of the company is accurately reflected in the system. 
  
  How to use it: 
  To use the change of control feature, users must first set up a change of control rule in the system. This rule defines the criteria for when a change of control should be triggered, such as when a certain percentage of ownership is transferred. Once this rule is set up, users can then monitor changes in ownership and make sure that the financial data is accurately reflected in the system. 
  
  Tips & Tricks: 
  When setting up a change of control rule, it is important to make sure that all relevant criteria are included. This will help ensure that all changes in ownership are accurately tracked and reflected in the system. Additionally, it is important to regularly review and update the rule to make sure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information on how to use the change of control feature in SAP Business Consolidation (FIN-SEM-BCS), please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.