You have been hired at the Bike Company SE, an international group, as a consolidation expert.
Among your tasks is to support the consolidation end users in the group closing activities of your consolidation department.
The Bike Company recently implemented SAP S/4HANA Cloud for group reporting and everyone is adjusting to the concepts of the new Group Reporting software.
We assume you already know the fundamentals of SAP S/4HANA Cloud for group reporting and now want to deepen your knowledge.
Note- SAP offers a cloud product SAP S/4HANA Cloud for group reporting and an on-premise solution. SAP S/4HANA Finance for group reporting. This course covers both and you can assume all functionality described is equivalent for both.
- If you are completely new to SAP S/4HANA Cloud for group reporting, please check the introductory learning journey.
Consolidation Version
A Consolidation Version makes it possible to identify and consolidate different sets of financial data or consolidate in different group currencies.
For example, you might have separate parallel versions to fulfill different reporting needs, such as actual data for publishing official reports, planning and forecast data for internal evaluation, restated reporting data for an accounting change, and simulation data for a what-if scenario.
A Consolidation Version has the following dual purpose in SAP S/4HANA Finance for group reporting:
Data Tracking: Keep track of actual, budget, forecast transaction data.
Special Version: Ability to quickly consolidate data in different ways without having to make redundant configuration.
Special Versions
Some configuration settings depend on versions. When you make these settings, they are stored internally as so-called special versions. These special versions can be assigned to one or more consolidation versions in parallel.
Following this concept, special versions allow you to use existing configuration settings in several consolidation versions and thus, reduce the time required to set the system up for new queries and avoid redundant data.
As an example, consolidation versions for actual data and planning data can use different exchange rates special versions
