What is 'FS item type' in SAP EC-CS - Consolidation?

FS item type - Overview

• Component: EC-CS

• Component Name: Consolidation

• Description: The financial statement item type narrows down an item's attributes in respect to data entry, posting and its processing in reports. The following item types are available: Value item - Value items are used for data entry and posting of values or quantities. Totals item - Totals items summarize value items or other totals items or both. Text item - Text items are used particularly for displaying headings in classifications. You cannot enter or post to text items.

FS item type - Details

• 
  Key Concepts: 
  FS item type is a component of the EC-CS Consolidation module in SAP. It is used to define the characteristics of an item in the consolidation process. This includes the type of item, its currency, and its consolidation method. 
  
  How to use it: 
  To use FS item type, you must first create an item in the consolidation process. Once you have done this, you can assign an FS item type to it. This will define the characteristics of the item, such as its currency and consolidation method. 
  
  Tips & Tricks: 
  When assigning an FS item type to an item in the consolidation process, make sure that you select the correct one for your needs. This will ensure that the item is correctly consolidated and that all relevant information is included in the process. 
  
  Related Information: 
  For more information on FS item type and how to use it in SAP, please refer to the official SAP documentation.