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 Cube:
- Help A set of data organized as a multidimensional structure defined according to dimensions and measures consolidation chart of accounts (fi-lc) definition.
- Manual Calculation Environment:
- Help The basis for calling valuation functions. The costing environment manages the data during costing, and contains all input parameters and costing results consolidation chart of accounts (fi-lc) explain.
- Manual Classification Service:
- Help A service that can match the similarity between a text input and groups previously generated by the clustering service consolidation chart of accounts (fi-lc) what is.
- Manual CCS Bucket:
- Help Stands for Cost Component Split Bucket consolidation chart of accounts (fi-lc) meaning.
- Manual Clause Manager:
- Help Central point of access used by the Contract Expert, and Contract Creator to add, remove, and edit clauses consolidation chart of accounts (fi-lc) abbreviation.
