Entities under a corporate group may have business transactions with each other, which is called as intercompany transaction. To prepare entity level and group level financial statement, it is essential to record, match and reconcile these balances and transactions. For group reporting purpose these intercompany transactions must be reconciled and eliminated in order to produce financials statement of the corporate group as a single economic entity.
CONFIGURING GROUP REPORTING WITH S/4 HANA 1909
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With S/4 HANA Finance 1809, SAP has introduced group reporting, a SAP’s consolidation solution. Group reporting’s innovations expose the new consolidation solution, which is a hybrid of SAP’s EC-CS, BCS and BPC functionalities. You’ve heard about Universal Journal, single source of truth, real-time processes, and UI improvements, in group reporting, you can leverage all these functionalities without additional acquisition of the software cost. SAP group reporting facilitates continuous accounting and consolidation process in a single instance, thus reduces the financial closing manhours. With the tight integration of ACDOCA table and flexible upload functionalities help smooth transition of consolidation unit’s local data to consolidation data for financial consolidation. With the S/4 HANA 1909 release, SAP enhanced group reporting functionalities with new fire tiles. Configuring Group Reporting with S/4 HANA 1909 covers end to end solution with one complete consolidation of financial statements of integrated and non-integrated units. Highlights of Configuring Group Reporting with S/4 HANA 1909:
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