What is 'corporate group' in SAP AC - Accounting - General?

corporate group - Overview

• Component: AC

• Component Name: Accounting - General

• Description: An affiliation of legally independent companies under the common management of a controlling company.

corporate group - Details

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  Key Concepts: 
  A corporate group in SAP is a collection of companies that are related to each other in some way. This could be through ownership, management, or other factors. The corporate group is used to manage the financials of the companies in the group as a whole, rather than individually. 
  
  How to use it: 
  In SAP, a corporate group can be created by assigning a company code to a group. This will allow the company codes to be managed together and will enable the user to view the financials of the entire group. The user can also assign different roles and responsibilities to each company code within the group. 
  
  Tips & Tricks: 
  When creating a corporate group in SAP, it is important to ensure that all of the company codes within the group are properly linked and that all of the necessary information is entered correctly. This will ensure that all of the financials are accurately tracked and reported. 
  
  Related Information: 
  The corporate group feature in SAP is part of the AC Accounting - General Ledger Accounting component. This component also includes features such as account assignment, account determination, and document splitting. These features can be used to further manage and analyze the financials of a corporate group.