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

SAP Term: set of rules

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A list of rules and/or subsets of rules which are arranged according to the order in which they are run. It contains all of the rules which are run for a consolidation or preconsolidation or when data is entered in a package.

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• Key Concepts: 
  Set of rules in SAP BusinessObjects Financial Consolidation (EPM-FC) is a feature that allows users to define and manage rules for data consolidation. These rules can be used to define how data should be consolidated, such as which accounts should be included in the consolidation, how to handle currency conversions, and how to handle intercompany eliminations. 
  
  How to use it: 
  To use the set of rules feature in EPM-FC, users must first define the rules they want to use. This can be done by creating a new rule or editing an existing rule. Once the rules have been defined, they can be applied to the data consolidation process. This will ensure that the data is consolidated according to the user's specifications. 
  
  Tips & Tricks: 
  When creating or editing a set of rules in EPM-FC, it is important to ensure that all of the necessary information is included. This includes specifying which accounts should be included in the consolidation, how currency conversions should be handled, and how intercompany eliminations should be handled. Additionally, it is important to test the rules before applying them to ensure that they are working correctly. 
  
  Related Information: 
  For more information on using set of rules in EPM-FC, please refer to the SAP BusinessObjects Financial Consolidation User Guide. Additionally, there are several online tutorials available that provide step-by-step instructions on how to create and manage rules for data consolidation.