Difference between Standard Hierarchy and Alternate Hierarchy

Hi
    Can anyone explain the difference between Standard Heirarchy and Alternate Hierarchy in Controlling.
Thanks in Advance,
Deepthi.

<b>Standard Hierarchy:</b> It is a hierarchy of cost center groups / profit center groups in which all cost centers / profit centers are gathered together in a controlling area.
In order to create cost centers, you require a structure in master data maintenance to which you can assign cost centers. You create this CO structure, the standard hierarchy, when you create a controlling area. If this hierarchy is not present during controlling area maintenance, the system automatically creates the highest node there.
<b>
Alternate Hierarchy:</b> The alternate hierarchy setting in the controlling area enables you to name up to two more alternative hierarchies (according to fiscal year), which can be used for the authorization check in the same way as the standard hierarchy (meaning, that inheritance logic is used). You can also deactivate the standard hierarchy as an authorization hierarchy, and use only the alternative hierarchy.
Regards,
NareN.

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