What is consolidated data in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: consolidated data

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: The result of consolidating the reported financial data of the consolidation units, posting of standardizing entries giving the standardized financial data, and posting of consolidation entries.

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• Key Concepts: 
  Consolidated data is a term used in SAP Business Consolidation (FIN-SEM-BCS) to refer to the process of combining financial data from multiple sources into a single, unified set of information. This process is used to create a single, comprehensive view of an organization's financial performance. 
  
  How to use it: 
  In SAP Business Consolidation, consolidated data is created by combining financial data from multiple sources into a single set of information. This process can be done manually or automatically, depending on the complexity of the data and the desired level of accuracy. Once the data is combined, it can be used to create reports and analyze trends in an organization's financial performance. 
  
  Tips & Tricks: 
  When creating consolidated data in SAP Business Consolidation, it is important to ensure that all sources of data are accurately represented. This includes ensuring that all currencies are converted correctly and that all accounts are properly linked. Additionally, it is important to ensure that all data is up-to-date and accurate before creating reports or analyzing trends. 
  
  Related Information: 
  For more information on creating consolidated data in SAP Business Consolidation, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FIN_SEM_BCS/7.5/en-US.