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

SAP Term: restatement data slice

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: Subset of the entire dataset in which the system stores the data for a specific restatement characteristic value. The data in different restatement data slices are strictly separated from one another. You can use a restatement data slice to enter data without influencing the data in lower restatements or the original data.

Smart SAP Assistant

• Key Concepts: 
  Restatement data slice is a feature of the Business Consolidation component of SAP. It allows users to restate financial data in order to compare different versions of the same data set. This feature is especially useful for companies that need to compare their financial performance over different periods of time. 
  
  How to use it: 
  To use the restatement data slice feature, users must first create a restatement data slice in the Business Consolidation component. This can be done by selecting the “Create Restatement Data Slice” option from the menu. Once the restatement data slice has been created, users can then select the financial data they wish to restate and enter the new values. 
  
  Tips & Tricks: 
  When creating a restatement data slice, it is important to ensure that all of the financial data is accurate and up-to-date. This will ensure that the restated data is as accurate as possible. Additionally, it is important to remember that any changes made to the restated data will not be reflected in the original financial data set. 
  
  Related Information: 
  For more information on how to use the restatement data slice feature in SAP Business Consolidation, please refer to SAP’s official documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.