A journal entry used for adjusting the reported financial data so that it meets the policies and requirements of the corporate group.
Standardizing entries can be made to the reported financial data decentrally by the individual company being consolidated. However, often the standardizing entries required from the group point of view are not known to the consolidation unit.
If the consolidation unit reports its data in local currency, the standardizing entry is also made in local currency.
The reported financial data and the standardizing entries are then translated into group currency during the currency translation process.
In the Consolidation system, standardizing entries are stored in separate data records in addition to the reported financial data. This is to facilitate independent analysis of the data at any time.
Standardizing entries that simultaneously post amounts to balance sheet items and income statement items can cause an adjustment to net income, in which case the Consolidation system calculates the adjustment amount. This can lead to an allocation of deferred income taxes.
More terms such as standardizing entry (EC-CS) in Dictionary S.
- Manual Slave Graphics Proxy:
- Help When graphics are synchronized with respect to an event, the master graphics proxy sends the event to one or more slave graphics proxies standardizing entry (ec-cs) definition.
- Manual SADT:
- Help Structured Analysis and Design Technique standardizing entry (ec-cs) explain.
- Manual Substitution (FI-SL):
- Help for replacing values as they are entered into the SAP system. Entered values are checked against a user-defined Boolean statement (this is a prerequisite). If the statement is true, the SAP System standardizing entry (ec-cs) what is.
- Manual Soft Rating Characteristics:
- Help deregulation of the insurance market, the insurance companies are free to assign discounts and surcharges for various criteria, under certain conditions. The most frequent discounts are: Single standardizing entry (ec-cs) meaning.
- Manual Subannual Consolidation:
- Help that does not include all the periods in a year and takes place at least twice a year. Users can define the frequency of consolidation and the periods to be included. Examples: Monthly consolidation standardizing entry (ec-cs) abbreviation.
