What is characteristic in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: characteristic

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A property that provides extra information about the values in a reference table. It is used to sort and select data.

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• Key Concepts: 
  A characteristic is a data element in SAP BusinessObjects Financial Consolidation (EPM-FC) that is used to classify and group data. Characteristics are used to define the structure of the consolidation process, such as the consolidation hierarchy, and to store additional information about the data. 
  
  How to use it: 
  Characteristics can be used to define the structure of the consolidation process by creating a hierarchy of entities. For example, a company may have a parent company and several subsidiaries, and each subsidiary can be assigned a characteristic that identifies it as part of the parent company. Characteristics can also be used to store additional information about the data, such as currency or fiscal year. 
  
  Tips & Tricks: 
  When creating characteristics, it is important to ensure that they are properly defined and that they are consistent across all entities in the consolidation process. This will ensure that the data is accurately classified and grouped. 
  
  Related Information: 
  For more information on characteristics in SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official documentation here: https://help.sap.com/viewer/product/SAP_BUSINESSOBJECTS_FINANCIAL_CONSOLIDATION/10.0/en-US