What is stepwise simultaneous consolidation in SAP EC-CS - Consolidation?

SAP Term: stepwise simultaneous consolidation

• Component: EC-CS

• Component Name: Consolidation

• Description: A consolidation procedure within consolidation of investments that simultaneously performs consolidation by consolidation group. When a consolidation group contains further consolidation groups, the groups at the lowest level are simultaneously consolidated. Then the next higher consolidation groups are simultaneously consolidated, taking into account the results of the lower-level groups. Hence, the resulting consolidated values are exactly the same as when a pure simultaneous consolidation is performed. However, the results are accurately disclosed for each consolidation unit and each level of the hierarchy. In contrast to pure simultaneous consolidation, this consolidation procedure provides the following additional reports for the consolidation groups: You can report on the consolidated total values. The conslidation entries can be distinguished between elimination entries that are valid for lower hierarchy levels, and elimination entries that represent the delta values in the specif

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• Key Concepts: 
  Stepwise simultaneous consolidation is a feature of the SAP EC-CS Consolidation component. It allows for the consolidation of multiple companies in a single step, with the ability to adjust the consolidation process for each company. This feature is useful for companies that have multiple subsidiaries or divisions that need to be consolidated into a single financial statement. 
  
  How to use it: 
  Stepwise simultaneous consolidation can be used by setting up a consolidation group in the SAP EC-CS Consolidation component. This group will contain all of the companies that need to be consolidated. Once the group is set up, the user can then adjust the consolidation process for each company in the group. This includes setting up different consolidation methods, such as full or partial consolidation, as well as adjusting any other settings that may be necessary for each company. 
  
  Tips & Tricks: 
  When using stepwise simultaneous consolidation, it is important to ensure that all of the companies in the consolidation group are set up correctly. This includes making sure that all of the necessary settings are adjusted correctly and that all of the data is accurate and up-to-date. Additionally, it is important to ensure that all of the companies in the group are using the same currency and accounting standards. 
  
  Related Information: 
  For more information on stepwise simultaneous consolidation, please refer to SAP's documentation on EC-CS Consolidation. Additionally, there are many online resources available that provide detailed tutorials and guides on how to use this feature.