Related Questions:
Account Heirarchy
Parent or child Account
Environment:
Event Temple Web App
Answer:
Yes! An Account can be a standalone Account, or have parent/child set up. For example: Event Temple (parent account) Event Temple - Vancouver (child account) & Event Temple - London (child account).
When generating your Top Account Report, the Account financials for a parent Account will be aggregated from itself and all its child Accounts.