A systemic classification of financial statement items that belong together.
The classification is marked by either corporate external or internal requirements (or both). For example, you could have one consolidation chart of accounts for the purpose of generating financial statements to meet the requirements of statutory authorities, and you could have another consolidation chart of accounts to accommodate corporate-internal requirements for contribution margin accounting.
You can have multiple consolidation charts of accounts within a single dimension. This enables you to generate multiple financial statements at the same time to meet various requirements.
Example
Within a single dimension for statutory consolidation, you could use one consolidation chart of accounts for generating consolidated financial statements according to the 4th/7th EU directive, and another consolidation chart of accounts for generating consolidated financial statements according to US GAAP.
More terms such as consolidation chart of accounts (EC-CS) in Dictionary C.
- Manual Check-In (PE-LSO):
- Help Transfer of a reusable object from a local repository to the master repository. A new version number is assigned consolidation chart of accounts (ec-cs) definition.
- Manual Closing Date (FI):
- Help determines the end of the period during which single invoices are collected into a monthly invoice according to their posting date or document date, as defined per company code (of invoice issuing consolidation chart of accounts (ec-cs) explain.
- Manual Country Version:
- Help system, localized for use in a particular country, so that it covers that country's laws and most common business practices. A country version comprises: The generic SAP functions These are the consolidation chart of accounts (ec-cs) what is.
- Manual Capitalization Method:
- Help A method that specifies the basis for valuation used for the capitalization of a fixed asset. For newly acquired assets, the typical basis for valuation is the acquisition and production costs consolidation chart of accounts (ec-cs) meaning.
- Manual Classification (BC-SRV-COM):
- Help can be assigned to classifications to group the categories according to their subject. Several categories from one application might be assigned to the same classification, for example consolidation chart of accounts (ec-cs) abbreviation.
