What is hierarchy in SAP EC-CS - Consolidation?

SAP Term: hierarchy

• Component: EC-CS

• Component Name: Consolidation

• Description: The representation of a structure. The system uses hierarchies to portray: Financial statement items groups and consolidation units

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• Key Concepts: 
  In SAP EC-CS Consolidation, a hierarchy is a structure of related entities that are organized in a tree-like structure. It is used to represent the relationships between entities such as companies, business units, and cost centers. The hierarchy can be used to group entities for reporting and analysis purposes. 
  
  How to use it: 
  In SAP EC-CS Consolidation, hierarchies are created by defining the relationships between entities. This is done by assigning each entity to a parent entity in the hierarchy. Once the hierarchy is created, it can be used to group entities for reporting and analysis purposes. 
  
  Tips & Tricks: 
  When creating a hierarchy in SAP EC-CS Consolidation, it is important to ensure that the relationships between entities are correctly defined. This will ensure that the hierarchy is accurate and can be used for reporting and analysis purposes. 
  
  Related Information: 
  For more information on creating hierarchies in SAP EC-CS Consolidation, please refer to the official documentation available on the SAP website.