Financial Consolidation Element
An element of the financial consolidation structure, reflecting either a consolidation group, such as the corporate group, or an organizational unit of a consolidation group, such as a profit center or company.
Business Context and Use
The business object Financial Consolidation Element belongs to the process component Financial Accounting Master Data Management (SEM-BCS).
As part of the Financial Consolidation Structure, the Financial Consolidation Element carries transaction data. On higher levels in the Financial Consolidation Structure, it is used for data aggregation.