What is controlling parent in SAP EPM-BPC - Business Planning and Consolidation?

SAP Term: controlling parent

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: An entity for example, a business or a division of an organization that owns another entity and maintains control over that owned entity.

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• Key Concepts: 
  Controlling parent is a term used in SAP EPM-BPC Business Planning and Consolidation (BPC). It refers to the parent company in a consolidation process. The controlling parent is responsible for consolidating the financial data of its subsidiaries into one set of financial statements. 
  
  How to use it: 
  In order to use the controlling parent concept, the user must first define the parent company in the BPC system. This can be done by setting up a new company code in the system and assigning it as the controlling parent. Once this is done, the user can then begin to consolidate the financial data of its subsidiaries into one set of financial statements. 
  
  Tips & Tricks: 
  When setting up a new company code as the controlling parent, it is important to ensure that all of the necessary information is entered correctly. This includes setting up the correct currency, fiscal year, and other relevant information. Additionally, it is important to ensure that all of the subsidiary companies are linked correctly to the controlling parent in order for the consolidation process to be successful. 
  
  Related Information: 
  For more information on controlling parents and how to use them in SAP EPM-BPC Business Planning and Consolidation, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials on how to set up and use controlling parents in BPC.