What is account dimension in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: account dimension

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A main dimension that enables you to manage the list of reporting totals, such as the chart of accounts or physical indicators. For example, accounts can be Sales, Volume or Staff.

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• Key Concepts: 
  Account dimension is a component of SAP BusinessObjects Financial Consolidation (EPM-FC). It is a way to organize and classify financial data in the system. Account dimension allows users to group accounts into categories, such as cost centers, departments, or product lines. This helps to make the data more meaningful and easier to analyze. 
  
  How to use it: 
  Account dimension can be used to create hierarchies of accounts. This allows users to view the data in different ways, such as by cost center or department. It also allows users to drill down into the data and view more detailed information. Account dimension can also be used to create reports that compare different accounts or categories of accounts. 
  
  Tips & Tricks: 
  When creating an account dimension, it is important to think about how the data will be used. This will help ensure that the account dimension is set up in a way that makes sense for the user. It is also important to keep the account dimension up-to-date, as changes in the business may require changes in the account dimension. 
  
  Related Information: 
  For more information on account dimension, please refer to SAP’s documentation on Financial Consolidation (EPM-FC). Additionally, there are many online resources available that provide tips and tricks for setting up and using account dimensions in SAP BusinessObjects Financial Consolidation (EPM-FC).