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Restatement Functionality in SAP BPC Consolidation

Feb 15, 2017 at 10:37 AM

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Former Member

Hi Team

Could you please share more information how we can define and use restatement functionality in SAP BPC Consolidation process. Where we are currently using in SEM BCS Project.

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Please explain in details what do you mean by "restatement functionality" in your particular case!

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Former Member Feb 15, 2017 at 12:09 PM
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Hi Vadim

Restatement function to make retroactive adjustments arising from a (voluntary) change in financial reporting or to correct errors in financial reports already published.

We can use a restatement to reflect the following structure changes:

● Changed consolidation unit hierarchy

● Changed consolidation chart of accounts or changed sub assignments

● Changed accounting principles

We can also use restatements for "what-if" scenarios to see how structure changes would influence the financial statements.

Financial statements of the current period need to reflect the new structures

In addition it may also be necessary to restate prior periods to reflect changes in the internal structure so as to make comparison possible.

Restatement can be required for either:

•Internal Purposes •External Purposes

Regards

Rajesh SVN

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It's not possible to answer your question in a few sentences:) You have to read a lot of documents yourself to find the specific solution for each specific requirement.

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