Consolidation Chart of Account – Key Points
A consolidation chart of accounts (COA) is a systematic grouping of financial statement (FS) items that belong together and are used for group reporting.
In local accounting, companies use a local COA with G/L accounts (General Ledger Accounts) and corresponding levels of detail.
In group reporting, to enable the preparation of consolidated financial statements from the financial data of the consolidation units, however, the operational data must first be aggregated uniformly across the group. Therefore, at least one consolidation COA must be defined.
The predefined consolidation COA is fixed as
Y1.Setting up a customer-specific ID for the consolidation COA other than
Y1is currently not supported.
NoteIn case Y1 does not fulfill your requirements, you can create or change the FS items which Y1 contains.
Check the How-to Guide "How to Replace FS Items in Consolidation COA", which is attached to SAP Note 2659656.
Financial Statement Items (FS Items)
FS Item Attributes – Key Points
Benefits of FS Item Selection Attributes and Target Attributes
FS Item Attributes: Purpose and Assignment Relation
The FS Item Role attribute which belongs to the Selection Attributes can be used, for example, to configure the calculation of annual net income, deferred tax, retained earnings, currency translation (CT) difference, and rounding difference.
NoteAn FS item can only have one role, and a role can only be assigned to one FS item in a certain fiscal year and period and consolidation version.