term standardizing entry help what is
Meaning of standardizing entry (EC-CS). What is it: data so that it meets the policies and.

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Definition standardizing entry (EC-CS)

STANDARDIZING ENTRY (EC-CS) title: standardizing entry (EC-CS) (SAP Library - Glossary)
STANDARDIZING ENTRY (EC-CS) category: Consolidation (EC-CS)
STANDARDIZING ENTRY (EC-CS) explained:

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 Special Processing Indicator:
Help particular form of processing is used for transportation or a special form of calculation is used for freight costs. Examples of special processing are express shipping or special tariffs standardizing entry (ec-cs) definition.
Manual Service Offer:
Help The totality of services that one force element can provide for other force elements standardizing entry (ec-cs) explain.
Manual Special Account Balance:
Help The total of all turnovers of an account in relation to a turnover class standardizing entry (ec-cs) what is.
Manual Signal Stock Level:
Help the stock on hand, which, when reached or fallen short of, results in the generation of an alert by the inbound delivery. The alert serves to make the supplier aware that he or she is to refill the standardizing entry (ec-cs) meaning.
Manual System Date:
Help The day on which a document is created in the system. The system enters this date automatically standardizing entry (ec-cs) abbreviation.
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