What is reference table in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: reference table

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A table which contains a group of elementary values that can be used to classify data.

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• Key Concepts: 
  A reference table is a type of table in SAP BusinessObjects Financial Consolidation (EPM-FC) that stores data that is used to compare and analyze the financial performance of an organization. Reference tables are used to store data such as financial ratios, industry averages, and other metrics that can be used to measure the performance of an organization. 
  
  How to Use It: 
  Reference tables can be used to compare the performance of an organization against industry averages or other organizations. They can also be used to compare the performance of different departments or divisions within an organization. Reference tables can also be used to identify trends in financial performance over time. 
  
  Tips & Tricks: 
  When creating a reference table, it is important to ensure that the data is accurate and up-to-date. It is also important to ensure that the data is properly formatted so that it can be easily analyzed and compared. 
  
  Related Information: 
  Reference tables are often used in conjunction with other types of tables, such as pivot tables, to analyze and compare financial performance. They can also be used in conjunction with other types of analysis, such as trend analysis, to identify patterns in financial performance over time.