What is parent unit in SAP EC-CS - Consolidation?

SAP Term: parent unit

• Component: EC-CS

• Component Name: Consolidation

• Description: The highest upper unit within a consolidation group. You declare an upper unit as a parent unit by selecting the corresponding indicator in Customizing.

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• Key Concepts: 
  A parent unit is a company or legal entity that owns one or more subsidiaries. In SAP EC-CS Consolidation, the parent unit is the highest level of the consolidation hierarchy and is used to consolidate the financial statements of all its subsidiaries. 
  
  How to use it: 
  In SAP EC-CS Consolidation, the parent unit is used to define the consolidation hierarchy. The parent unit is the highest level of the hierarchy and all other entities are its subsidiaries. The parent unit can be used to consolidate the financial statements of all its subsidiaries. 
  
  Tips & Tricks: 
  When creating a parent unit in SAP EC-CS Consolidation, make sure to include all relevant information such as company name, address, and contact information. This will ensure that all subsidiaries are properly consolidated into the parent unit. 
  
  Related Information: 
  For more information on SAP EC-CS Consolidation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using SAP EC-CS Consolidation.