What is FS item hierarchy in SAP EC-CS - Consolidation?

SAP Term: FS item hierarchy

• Component: EC-CS

• Component Name: Consolidation

• Description: A structured set of financial statement FS items. FS item hierarchies enable the structuring of FS items. A consolidation chart of accounts can accommodate multiple item hierarchies - for example, a hierarchy for the Balance Sheet, and another for the Income Statement. Each item hierarchy is characterized by the totals item at the uppermost level.

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• Key Concepts: 
  FS item hierarchy is a feature of the EC-CS Consolidation component of SAP. It is used to define the structure of the financial statements, such as the balance sheet and income statement. The hierarchy consists of a set of nodes, each representing an item in the financial statement. The nodes are connected to each other in a tree-like structure, with each node having one or more parent nodes and one or more child nodes. This allows for a hierarchical view of the financial statements, making it easier to analyze and compare different items. 
  
  How to use it: 
  To use the FS item hierarchy, first create a node for each item in the financial statement. Then, connect the nodes together in a tree-like structure, with each node having one or more parent nodes and one or more child nodes. Once the hierarchy is created, it can be used to analyze and compare different items in the financial statement. 
  
  Tips & Tricks: 
  When creating an FS item hierarchy, it is important to ensure that all items are properly connected and that there are no gaps in the hierarchy. Additionally, it is important to ensure that all items are properly labeled so that they can be easily identified when analyzing or comparing different items. 
  
  Related Information: 
  The FS item hierarchy is closely related to other features of the EC-CS Consolidation component, such as consolidation rules and currency translation rules. Additionally, it can be used in conjunction with other features of SAP, such as reporting tools and analytics tools.