C_S4FCC_2021 Exam Dumps : SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)

The consolidation method field is part of a consolidation group master data record. This field is used to define the method by which the financial data of the consolidation unit will be combined with the financial data of the consolidation group. The consolidation method is essential for accurate group reporting in SAP S/4HANA Finance.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to translate local currency amounts into group currency amounts. If you want to preserve an existing group currency amount, you can set the reference rate to 1, which means no translation will take place.

To run a management consolidation report, you must select a consolidation group. The consolidation group represents a set of entities whose financial data will be aggregated and reported in the management consolidation report.