What is FI/CO Consolidation and give me the customization
settings for Fi Consolidation?
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Answer Posted / hannah
Hi,
Company is an organizational unit which is generally used
in the legal consolidation to roll up financial statements
of several company codes. A company can include one or more
company codes. If we are going for Consolidation , we need
to enter the 6 character alphanumeric company identifier
that relates to this company code.
Company Codes within a Company must use the same chart of
accounts and fiscal year. And for consolidation purpose we
use Group Chart of Accounts wherein we link the Operating
Chart Of Accounts through entering the G/L account no. of
the Group Chart Of Accounts in the G/L Account of the
Operating Chart Of Accounts.
I just want to share my knowledge, Thank you.
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