What is instance document in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: instance document

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: Document that contains a report in XML format for example, a balance sheet. The XML format is specified by an XML schema document.

Smart SAP Assistant

• Key Concepts: 
  An instance document is a document used in the SAP Business Consolidation (FIN-SEM-BCS) component. It is used to store and manage data related to a specific consolidation process. The instance document contains all the necessary information for the consolidation process, such as the consolidation rules, the consolidation hierarchy, and the data to be consolidated. 
  
  How to use it: 
  To create an instance document, you must first define the consolidation rules and hierarchy. Once these are defined, you can create an instance document by selecting the “Create Instance Document” option in the SAP Business Consolidation menu. You can then enter the data to be consolidated into the instance document. 
  
  Tips & Tricks: 
  When creating an instance document, it is important to ensure that all of the necessary information is included. This includes the consolidation rules, hierarchy, and data to be consolidated. Additionally, it is important to ensure that all of the data entered into the instance document is accurate and up-to-date. 
  
  Related Information: 
  For more information on instance documents in SAP Business Consolidation, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use instance documents in SAP Business Consolidation.