Define Currency Translation Methods:

Specify the exchange rates with which financial statement (FS) items are translated, and how translation differences and rounding differences are handled. You define methods for currency translation that are frequently used in practice in consolidation. These include, for example, the current-rate method of currency translation and the temporal method of currency translation. Watch this video and read the associated documents that are attached to this page.[ Watch Video] [ Read Document].

• Group Reporting : Commonly Asked Questions
• Group Reporting : Overview S/4 HANA Group Reporting
• Group Reporting : What is a Consolidation Chart of Account?
• Group Reporting : What do you mean by Consolidation Ledgers and its types?
• Group Reporting : Data Monitor
• Group Reporting : Restrictions / Limitation of Group Reporting
• Group Reporting : Why should we use Consolidated Financial Statements?
• Group Reporting : What are various Solutions available in SAP for Consolidation?
• Group Reporting : What are features available with Group Reporting 1909?
• Group Reporting : InterCompany Reconciliation and Matching (ICMR)
• Group Reporting : Learn Group Reporting 1909
• Group Reporting : What are the Challenges in Consolidating Financial Statements?
• Group Reporting : Limitations and Restrictions
• Group Reporting : SAP S/4HANA 2020 – Group Reporting
• Group Reporting : Group Reporting 2020
• Group Reporting : Configuring Group Reporting With S/4 HANA 2020
• Group Reporting : S/4 HANA Tables
• Group Reporting : Group Reporting Tables
• Group Reporting : Group Reporting With S/4 HANA 2020
• Group Reporting : What is New in S/4 HANA 2020 Group Reporting

CONFIGURING GROUP REPORTING WITH S/4 HANA 1909

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: Consolidation chart of account Integration of consolidation units and consolidation group Local and global accounting Currency translation Interunit / intercompany eliminations Reclassification Elimination and adjustment of intercompany investment Calculation of goodwill Calculation of minority interest. Cash flow statement, statement of equity, statement of comprehensive income, consolidation of balance sheet and income statement SAP Fiori Apps

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