term consolidation help what is
Meaning of consolidation (FI-LC). What is it: results of the companies within the group are.

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Definition consolidation (FI-LC)

CONSOLIDATION (FI-LC) title: consolidation (FI-LC) (SAP Library - Glossary)
CONSOLIDATION (FI-LC) category: Consolidation (FI-LC)
CONSOLIDATION (FI-LC) explained:

An accounting procedure whereby the financial operating results of the companies within the group are combined to create overall results for the group in accordance with the entity theory.

According to the entity theory, the consolidated financial statements must portray the assets, the financial and income position of the group, as if all of the companies were a single corporation.

To accomplish this, all transfers of assets and services, as well as all financial relationships between the consolidated companies that affect the consolidated financial statement, must be eliminated.

The consolidation activities include the following steps:

Consolidation of investments Elimination of payables/receivables Elimination of intercompany profit/loss Elimination of revenue/expense Elimination of investment income Reclassifications

In FI-LC, these steps are represented by their corresponding consolidation entries; these are divided into eliminating entries and subgroup-dependent consolidation entries.

More terms such as consolidation (FI-LC) in Dictionary C.

Manual Call List Synchronization:
Help transferring data between the SAP CRM and Computer Telephony Integration (CTI) systems for automated-dialed call lists. Data that is exchanged between systems includes: Telephone numbers Calling consolidation (fi-lc) definition.
Manual Collateral Value (RE):
Help A value representing the secure selling price of a property. The collateral value is used as the basis for estimating the mortgage on a property. It can be determined in different ways by creditors consolidation (fi-lc) explain.
Manual Customer (FIN-FSCM-BC):
Help person whose vendors handle their payment transactions with SAP Biller Consolidator; the customer is the bill-to party (invoice recipient). The vendor (in this case, the biller) sends the bills to consolidation (fi-lc) what is.
Manual Clearing Account (FS-AM):
Help An account in which incoming payments for a loan account are managed. The clearing account is assigned to the loan account in its master data consolidation (fi-lc) meaning.
Manual Cancel (PE):
Help A function that lets you remove a business event from the offering in the event catalog. You might do so if there are not enough bookings received for an event consolidation (fi-lc) abbreviation.
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