Legal Consolidation

Legal Consolidation

This scenario is aiming at a global group with subsidiaries legally belonging to this group. The main goal is to fulfil legal requirements concerning the statutory consolidation.
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Business Benefits
Improved interaction with headquarter
Greater transparency
Subsidiary
Global Unit
Submission of quartely financial statement
Upload of file
Validation of data
Consolidation process
.
Business Benefits
Simplified data consolidation
Increased data consistency
Improved decision support
 
Legal Consolidation

Quartely or once a year the accounting responsible for the subsidiary has to submit the finacial statement for this subsidiary. Therefore, he has to execute an SAP Business One report, which provides the balance sheet and and profit and loss information per subsidiary broken down by partner and “movement typ” information. The breakdown by partner is to separate the revenue, which has been created within the group and the breakdown by “movement type” allows to trace the increase and decrease of the asset accounts during a specific time period.

 

With the SAP Business One report a flat file can be created to fulfil the standard consolidation needs.

The Integration Toolkit provides full step-by-step documentation on how to configure SAP Business One to create the respective report and retrieve the appropiate data.