Podcast
Questions and Answers
What is the purpose of consolidation versions in the context of currency simulations?
What is the purpose of consolidation versions in the context of currency simulations?
Version-dependent master data can only track changes for consolidation unit data.
Version-dependent master data can only track changes for consolidation unit data.
False
What is stored in table ACDOCP?
What is stored in table ACDOCP?
Plan data
Special versions allow you to use existing configuration settings in several ________ versions.
Special versions allow you to use existing configuration settings in several ________ versions.
Signup and view all the answers
Match the following terms with their definitions:
Match the following terms with their definitions:
Signup and view all the answers
What must be established if plan data needs to be used in group reporting?
What must be established if plan data needs to be used in group reporting?
Signup and view all the answers
Consolidation versions can store both actual and planned data.
Consolidation versions can store both actual and planned data.
Signup and view all the answers
What are additional group currency extension versions used for?
What are additional group currency extension versions used for?
Signup and view all the answers
What is a primary purpose of a Consolidation Version in SAP S/4HANA Finance for group reporting?
What is a primary purpose of a Consolidation Version in SAP S/4HANA Finance for group reporting?
Signup and view all the answers
A Consolidation Version allows for redundant configuration each time data needs to be consolidated.
A Consolidation Version allows for redundant configuration each time data needs to be consolidated.
Signup and view all the answers
What dual purpose does a Consolidation Version serve in SAP S/4HANA Finance for group reporting?
What dual purpose does a Consolidation Version serve in SAP S/4HANA Finance for group reporting?
Signup and view all the answers
In SAP S/4HANA, the ______ is defined by the Consolidation Version.
In SAP S/4HANA, the ______ is defined by the Consolidation Version.
Signup and view all the answers
Which of the following could be a use case for setting up a separate Consolidation Version?
Which of the following could be a use case for setting up a separate Consolidation Version?
Signup and view all the answers
The setup of restatements in SAP S/4HANA Finance is not dependent on the Consolidation Version.
The setup of restatements in SAP S/4HANA Finance is not dependent on the Consolidation Version.
Signup and view all the answers
What type of data can a Consolidation Version manage in its configurations?
What type of data can a Consolidation Version manage in its configurations?
Signup and view all the answers
Match the type of data with its description relevant to Consolidation Versions:
Match the type of data with its description relevant to Consolidation Versions:
Signup and view all the answers
Study Notes
Consolidation Versions in SAP S/4HANA Cloud for Group Reporting
- Consolidation versions allow for the consolidation of various financial data sets, or consolidation in different group currencies. This caters to diverse reporting needs (actual, planning, restatements, simulations).
- A key function of consolidation versions is data tracking: it manages actual, budget, and forecast transaction data.
- It facilitates special versions: this enables quick, efficient consolidation with differentiated configurations without redundant setups.
- Consolidation versions are essential because they are version-dependent: master data (consolidation units, financial statement items), restatements, simulations, and the setup of multiple currencies are linked to specific versions.
- Group Currency Determination: The group currency is defined by the consolidation version.
- A critical function is defining the source Financial Accounting (FI) ledger for copying data during the data monitoring process for each integrated S/4HANA company.
- Restatement Support: Consolidation versions can facilitate prior-period restatements.
- Simulation Support: Versions enable currency simulations (using current exchange rates).
- Multi-currency Support: Versions enable the simultaneous recording of multiple group currencies.
- Version-Dependent Data: Master data like consolidation units and financial statement items can be time-dependent, enabling change tracking.
- Version-Dependent Configuration: Configuration elements can encompass plan vs. actual currency translation, enabling nuanced reporting scenarios.
- Actual vs. Plan Data Separation: Consolidation versions differentiate transactions for actual and planned data, e.g., separating US GAAP and IFRS data.
- ACDOCU and ACDOCP Integration: Transaction data storage in the ACDOCU and ACDOP tables are version-linked. Plan data categories also require mapping to a consolidation version.
- Standard and Extension Versions: A main, standard consolidation version is essential. Additional, specialized versions handle restatements, simulations, and additional group currencies.
Special Versions
- Special versions store configuration settings that are version-dependent.
- They enable efficient configuration sharing across consolidation versions, simplifying setup for new queries and reducing redundant data.
- Configuration Sharing: Multiple consolidation versions can utilise the same special version to avoid redundant configuration entries. An example includes using different exchange rates for actual and planning consolidation versions.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers the concept of consolidation versions within SAP S/4HANA Cloud for Group Reporting. Learn how these versions facilitate diverse financial reporting needs and manage data tracking related to actual, budget, and forecast transaction data. Explore the importance of version-dependent master data and group currency determination in the consolidation process.
