What is consolidation entity in SAP FIN-RTC - Real-Time Consolidation?

SAP Term: consolidation entity

• Component: FIN-RTC

• Component Name: Real-Time Consolidation

• Description: A consolidation entity is the smallest element in a corporate group structure that can be used as a basis of complete consolidation. Consolidation entities can be such things as companies, business areas, or profit centers. Internal accounting transactions that are to be eliminated by consolidation are processed between entities. In an accounting transaction, an entity can be the triggering entity or the partner entity. In the universal journal table ACDOCA and the consolidation journal table ACDOCC, there is an include structure, ACDOC_SI_GL_ACCAS, in which the fields are constantly used as consolidation entities. Note: In RTC "unit" and "entity" bear the same meaning, however in connection with the module BPC "entity" is the common term, and in connection with S/4 "unit" and "entity" are common.

Smart SAP Assistant

• Key Concepts: 
  A consolidation entity is a unit of consolidation in SAP Real-Time Consolidation (FIN-RTC). It is a legal entity or a group of legal entities that are consolidated together. The consolidation entity is the highest level of the consolidation hierarchy and is used to define the scope of the consolidation process. 
  
  How to use it: 
  In order to use a consolidation entity, it must first be created in the system. This can be done by navigating to the “Consolidation Entities” tab in the FIN-RTC application and selecting “Create Consolidation Entity”. Once created, the consolidation entity can be used to define the scope of the consolidation process. 
  
  Tips & Tricks: 
  When creating a consolidation entity, it is important to ensure that all relevant legal entities are included in the scope of the consolidation process. This will ensure that all necessary data is included in the consolidated financial statements. 
  
  Related Information: 
  For more information on creating and managing consolidation entities in SAP Real-Time Consolidation, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FIN_RTC/1.0/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d6a.html