We have a scenario wherein there are 6 company codes and management wants to see the consolidated financial statements at group level (all 6 company codes).
1. We have seen a scope item "Group Reporting - Financial Consolidation (1SG)" in the Best practice explorer. Do we need to activate it? (is it mandatory?)
2. Without activating the above scope item, can we derive the consolidated reports by using the field "Group Chart of Accounts" wherein we will create another set of COA at group level and assign those GLs to the Operational COA master data..?
Inputs on the 2nd point would be of great help.
Thanks & Regards,