Business objects configuration
These business objects are available by default:
| Business object | Description |
|---|---|
| Accounts | The Chart of Accounts that is used in Budgeting & Planning. |
| Group Accounts | The Chart of Accounts that is used in Financial Consolidation. |
| Cash Flow Accounts | The Chart of Cash Flow Accounts that is used in Budgeting & Planning if the Cash Flow feature is enabled for this module. |
| Cash Flow Group Accounts | The Chart of Cash Flow Accounts that is used in Financial Consolidation. |
| Entities | A list of entities that are used in all modules. Intercompanies are created automatically. |
| Groups | A list of groups and subgroups that are used in Financial Consolidation. |
You can add other required business objects.
Business objects that you add are displayed if you select .
You can define up to three segments in the order of their importance. That is, enable the primary segment for the most important business driver, and the secondary and third segments for less important business drivers.
Financial Consolidation is based on hierarchical segmentation. If there are two segments, then breaking down, for example, a financial value of 100 separately into a business and region is not enough. You must incorporate the connection between the business and region. You can break down the value of 100 as in this example:
- 60: Automotive/Austria
- 10: Automotive/Sweden
- 20: Trading/Austria
- 10: Trading/Sweden
The differentiation is important only if more than one segment is used.