A consolidation chart of accounts is a systematic classification of financial statement items that serve a common purpose.
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: A single dimension for legal consolidations 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 (FI-LC) in Dictionary C.
- Manual Communication Management Software:
- Help software product that manages communication channels and handles individual contacts with customers via different channels, such as phone, e-mail, and chat. In general, this term should not be used consolidation chart of accounts (fi-lc) definition.
- Manual Composite Role (FS-CMS):
- Help of business activity groups. Users who are assigned to one composite group, are entered in the related business activity groups during adjustment. Note: You can set up a new menu from the role menus consolidation chart of accounts (fi-lc) explain.
- Manual Cost Component Split For Cost Of Goods Manufactured:
- Help divides the costs for a material into different cost components. Unlike a primary cost component split, a cost component split for cost of goods manufactured shows internal activities using secondary consolidation chart of accounts (fi-lc) what is.
- Manual Collection (IS-AFS):
- Help materials in the apparel and footwear industry that share certain traits such as themes and season dependency. Collections are assigned to seasons. The collection forms a delivery program together consolidation chart of accounts (fi-lc) meaning.
- Manual Clean Price (FIN-FSCM-TRM):
- Help The price of a bond excluding accrued interest consolidation chart of accounts (fi-lc) abbreviation.
