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 Cumulation Of Capacity:
- Help available capacities or capacity requirements generated on lower-level work centers of a work center hierarchy onto a higher-level work center. Only capacities available and required of the same consolidation chart of accounts (ec-cs) definition.
- Manual Cost Component Group (CO-PC):
- Help components presenting a condensed view of cost components in the information system. The cost component group is defined in Customizing. This cost component group is not the same as the cost consolidation chart of accounts (ec-cs) explain.
- Manual Claims Monitor:
- Help A tool used to display an overview of spending account claims and their statuses, and process claims that have not been approved consolidation chart of accounts (ec-cs) what is.
- Manual Commission Model Currency:
- Help the commission model of a commission application is handled. The processes of commission management (determination, valuation, remuneration) are managed in the commission model currency. The consolidation chart of accounts (ec-cs) meaning.
- Manual Common Area:
- Help Interface work area created using the obsolete COMMON PART addition of the DATA statement consolidation chart of accounts (ec-cs) abbreviation.
