What is set of accounts in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: set of accounts

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A standardized group of accounts authorized for a category scenario. These accounts have the same flows and contain the same type of data conversions, consolidation etc..

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• Key Concepts: 
  A set of accounts is a collection of accounts that are grouped together in SAP BusinessObjects Financial Consolidation (EPM-FC). This grouping allows users to quickly and easily access the data associated with the accounts. The set of accounts can be used to create reports, analyze data, and make decisions. 
  
  How to use it: 
  To use a set of accounts in EPM-FC, users must first create the set. This can be done by selecting the desired accounts from the list of available accounts and then clicking “Create Set”. Once the set is created, users can then access the data associated with the accounts by selecting the set from the list of available sets. 
  
  Tips & Tricks: 
  When creating a set of accounts, it is important to consider how the data will be used. For example, if the data will be used for reporting purposes, it may be beneficial to create a set that includes all of the necessary accounts. Additionally, it is important to consider how often the data will need to be accessed when creating a set of accounts. If the data will need to be accessed frequently, it may be beneficial to create multiple sets that contain different combinations of accounts. 
  
  Related Information: 
  For more information on sets of accounts in EPM-FC, please refer to SAP’s documentation on Financial Consolidation Sets. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to create and use sets of accounts in EPM-FC.