FI LC Generalidades

This application component features consolidation functions you can use for external
(statutory) rendering of accounts as well as internal (management) reporting.

To do this, this component offers different consolidation types that are based on userdefinable organizational units. Specifically, you can perform consolidation for companies, divisions, business areas or profit centers.

In the component, the consolidation types are represented by dimensions. For example, you can define one dimension for company consolidations and, at the same time, another dimension for profit center consolidations. Each dimension lets you process flexible and, when needed, parallel hierarchies of consolidation units and consolidation groups:

Flexible hierarchies means that you can use any number of hierarchy levels, define these hierarchies in variable depths, and maintain these hierarchies easily and clearly. Parallel hierarchies means that you use different criteria for structuring the consolidation units of each type of consolidation (e.g., business area consolidation). For example, one hierarchy could have a structure of consolidation units as companies, another hierarchy could have a structure with business segments. The component features the ability to use different consolidation charts of accounts. For example, this lets you generate consolidated statements for both German HGB requirements as well as US GAAP in parallel.

You can use consolidation versions to maintain different categories of data, such as actual data, prognostic data or budget data.