What is summarization hierarchy in SAP CO - Controlling?

SAP Term: summarization hierarchy

• Component: CO

• Component Name: Controlling

• Description: The structure that creates alternative hierarchies for any project. It uses summarization keys constructed in the same way as project hierarchies.

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• Key Concepts: 
  Summarization hierarchy is a feature of SAP Controlling (CO) that allows users to group and summarize data from multiple cost centers. It enables users to view and analyze data from multiple cost centers in a single report. This helps users to quickly identify trends and make informed decisions. 
  
  How to use it: 
  To use summarization hierarchy, users must first create a summarization hierarchy in the SAP system. This involves defining the structure of the hierarchy, such as the number of levels and the relationships between them. Once the hierarchy is created, users can assign cost centers to the different levels of the hierarchy. This allows users to group and summarize data from multiple cost centers in a single report. 
  
  Tips & Tricks: 
  When creating a summarization hierarchy, it is important to consider how the data will be used. For example, if the data will be used for budgeting purposes, it may be beneficial to create a summarization hierarchy with more levels so that more detailed information can be captured. 
  
  Related Information: 
  For more information on summarization hierarchies in SAP Controlling (CO), please refer to the SAP Help Portal or contact your local SAP support team.