The business object Consolidation chart of accounts contains an
ordered list of value categories that is defined for group accounting
and that can be used in group accounting to draw up consolidated financial statements.
A consolidation chart of accounts has several consolidation chart of accounts items, which define the value categories.
The consolidation chart of accounts in consolidation is equivalent to
the chart of accounts of financial accounting. However, as a rule it
contains fewer items than the chart of accounts in financial accounting since consolidation requires a lower level of detail.
The consolidation chart of accounts items are specialized according to
assets, liabilities, profit and loss statement or statistical items.
Further, a distinction is made between value items and totals (sum) items.
The consolidation chart of accounts items are the account assignment
units in consolidation on whose basis the individual financial statements are recorded and the consolidation entries are made.
If the interface to financial accounting is used, a link between the
general ledger accounts and the consolidation chart of accounts items is established.
Depending on the selected data transfer method the link can be
established via a corporate group chart of accounts that corresponds to
the consolidation chart of accounts and whose items are assigned to the
general ledger items of the operative chart of accounts. The
alternative to this is the creation of a balance sheet/P&L statement
structure (financial statement version) that also corresponds to the
consolidation chart of accounts and to which the general ledger items of the operative chart of accounts are assigned.