What is consolidation group in SAP EC-CS - Consolidation?

SAP Term: consolidation group

• Component: EC-CS

• Component Name: Consolidation

• Description: A user-defined group of multiple consolidation units and/or consolidation groups for purposes of consolidation and reporting.

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• Key Concepts: 
  A consolidation group is a collection of companies that are consolidated into a single financial statement. In SAP, the EC-CS Consolidation component is used to manage the consolidation process. It allows users to define the consolidation group, set up the consolidation rules, and generate consolidated financial statements. 
  
  How to use it: 
  To use the EC-CS Consolidation component, users must first define the consolidation group. This involves specifying which companies are included in the group and setting up the consolidation rules. Once this is done, users can generate consolidated financial statements for the group. 
  
  Tips & Tricks: 
  When setting up a consolidation group, it is important to ensure that all of the companies included in the group have compatible accounting systems. This will make it easier to generate accurate consolidated financial statements. 
  
  Related Information: 
  The EC-CS Consolidation component is part of SAP's Enterprise Resource Planning (ERP) system. It can be used in conjunction with other components such as Financial Accounting (FI) and Controlling (CO) to provide a comprehensive view of an organization's financial performance.