What is consolidation in SAP PS-REV-CPR - Construction Progress Report?

SAP Term: consolidation

• Component: PS-REV-CPR

• Component Name: Construction Progress Report

• Description: A principle for "cleaning up" work values and planned values which prevents inflated values being entered for the valuation of semifinished constructions. Consolidation is necessary if you enter work values cumulatively: Often, work is assigned by one company to a subsidiary or subcontractor. For each assignment a new WBS element is created in the work breakdown structure which is hierarchically assigned at a lower level than the WBS structure for which the work has been completed. In the construction industry it is common practice to enter values cumulatively. Because values are entered cumulatively, the work values reported back for the higher-level WBS element also include the values for the lower-level recipient WBS element. Hence, it would seem, from the overall view of the project, that a particular service has been posted twice. The contract values, as well as the planned costs and planned revenues are also entered cumulatively. Therefore the problem of double

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• Key Concepts: 
  Consolidation is a process used in SAP to combine multiple financial statements into one. This process is used to create a single, unified financial statement that reflects the combined performance of all entities included in the consolidation. The Construction Progress Report (CPR) component of the Project System (PS) module in SAP is used to track and report on the progress of construction projects. 
  
  How to use it: 
  The CPR component of the PS module allows users to track and report on the progress of construction projects. This includes tracking costs, labor, materials, and other resources associated with the project. The CPR also allows users to consolidate multiple financial statements into one unified statement. This can be done by entering the relevant data into the CPR and then running a consolidation report. 
  
  Tips & Tricks: 
  When consolidating multiple financial statements, it is important to ensure that all data is entered accurately and completely. This will ensure that the consolidated statement accurately reflects the performance of all entities included in the consolidation. Additionally, it is important to regularly review and update the CPR data to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information on consolidation in SAP, please refer to the official SAP documentation on consolidation. Additionally, for more information on using the CPR component of the PS module, please refer to the official SAP documentation on CPR.