What is 'non-controlling parent' in SAP FIN-SEM-BCS - Business Consolidation?

non-controlling parent - Overview

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: An entity that owns another entity for example, a business or a division of an organization but it does not maintain control over that owned entity.

non-controlling parent - Details

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  Key Concepts: 
  Non-controlling parent is a term used in SAP Business Consolidation (FIN-SEM-BCS) to refer to a parent company that does not have a controlling interest in its subsidiaries. This means that the parent company does not have the majority of voting rights in the subsidiaries, and therefore does not have control over their operations. 
  
  How to use it: 
  In SAP Business Consolidation, non-controlling parents are used to consolidate financial data from multiple subsidiaries into one report. This allows the parent company to get an overview of the financial performance of all its subsidiaries without having to manage them directly. 
  
  Tips & Tricks: 
  When consolidating financial data from multiple subsidiaries, it is important to ensure that all subsidiaries are included in the report. This can be done by setting up a non-controlling parent in SAP Business Consolidation. 
  
  Related Information: 
  For more information on non-controlling parents and how they are used in SAP Business Consolidation, please refer to the official SAP documentation.