Set up a Consolidation Model
Since SAP Business Planning and Consolidation directly consume Business Warehouse data, you must prepare InfoObjects (dimensions) and related attributes (properties) in BW to be used by the consolidation engine of SAP Business Planning and Consolidation.
- Create the required InfoObjects. See Create InfoObjects and InfoProviders.
- Maintain the InfoObjects with required attributes. See Maintain InfoObject Attributes.
- Create required InfoProviders, such as DataStore Objects (advanced) and CompositeProviders and input relevant InfoObjects. See Create InfoObjects and InfoProviders.
- Create aggregation levels based on the InfoProviders. See Aggregation Level.
After that you can create a Consolidation model and define it in the SAP Business Planning and Consolidation web client, including adding InfoProviders with aggregation levels predefined in BW to the Consolidation model, mapping InfoObjects to corresponding Business Planning and Consolidation dimension types and mapping attributes of the InfoObjects to related Business Planning and Consolidation dimension properties. For detailed settings, refer to Create or Modify a Consolidation Model.
- Currency Conversion
Conversion of local currency data to the desired reporting currencies
- Account-based Calculations
To calculate and store amounts that are required for purposes of account-based calculations
- Carry Forward
Initialization of beginning balances when a new fiscal cycle starts
- Intercompany Booking
Matching intercompany transactions
- Eliminations and Adjustments
Generation of all consolidation entries for the desired groups of entities. For example, eliminations, adjustments, reclassifications, and minority calculations.
Consolidation business rules allow the automated processing of data to render a consolidated set of financial statements. This is commonly thought of as eliminations of investments in subsidiaries, adjustments of minority interest, reclassifications, and any other postings depending on the nature of the consolidation methodologies required.