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

SAP Term: group reporting

• Component: EC-CS

• Component Name: Consolidation

• Description: The computation and creation of all reports of a corporate group for its consolidated financial statements.

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• Key Concepts: 
  Group reporting is a feature of the SAP EC-CS Consolidation component that allows companies to consolidate financial data from multiple legal entities into a single report. This report can be used to analyze the performance of the entire group, as well as to compare the performance of individual entities within the group. 
  
  How to use it: 
  Group reporting in SAP EC-CS Consolidation is used to create a consolidated financial report for a group of companies. The report can be used to analyze the performance of the entire group, as well as to compare the performance of individual entities within the group. To use this feature, users must first define the consolidation structure, which includes defining the parent and subsidiary companies, and then enter the financial data for each entity. Once all of the data has been entered, users can generate a consolidated financial report. 
  
  Tips & Tricks: 
  When using group reporting in SAP EC-CS Consolidation, it is important to ensure that all of the financial data is entered accurately and completely. This will ensure that the consolidated financial report is accurate and reliable. Additionally, it is important to review the consolidated financial report regularly to ensure that it is up-to-date and reflects any changes in the underlying data. 
  
  Related Information: 
  For more information on group reporting in SAP EC-CS Consolidation, please refer to SAP's official documentation on this topic. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.