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

SAP Term: reported financial data

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: Individual financial statement data that is transferred from the consolidation units to the Consolidation system for the purpose of consolidation.

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• Key Concepts: 
  Reported financial data is a term used in SAP Business Consolidation (FIN-SEM-BCS) to refer to the financial data that is reported by an organization. This data includes financial statements, such as income statements, balance sheets, and cash flow statements. It also includes other financial information, such as ratios and metrics. 
  
  How to use it: 
  Reported financial data can be used to analyze the performance of an organization over time. It can also be used to compare the performance of different organizations. In SAP Business Consolidation, reported financial data can be used to create consolidated financial statements and reports. 
  
  Tips & Tricks: 
  When using reported financial data in SAP Business Consolidation, it is important to ensure that the data is accurate and up-to-date. This can be done by regularly checking the source documents and verifying the accuracy of the data. 
  
  Related Information: 
  For more information about reported financial data in SAP Business Consolidation, please refer to the official SAP documentation.