What is parent-child hierarchy in SAP EPM-IM-FPL - EPM IM Flying Profit&Loss (Leopard)?

SAP Term: parent-child hierarchy

• Component: EPM-IM-FPL

• Component Name: EPM IM Flying Profit&Loss (Leopard)

• Description: The organization of the members of a dimension into a tree structure that is explicitly defined by parent-child relationships.

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• Key Concepts: 
  Parent-child hierarchy is a type of organizational structure used in SAP EPM-IM-FPL (EPM IM Flying Profit&Loss, also known as Leopard). It is a hierarchical structure that allows for the grouping of data into parent and child categories. The parent category is the highest level of the hierarchy and contains the most general information. The child categories are the lower levels of the hierarchy and contain more specific information. 
  
  How to use it: 
  In SAP EPM-IM-FPL, parent-child hierarchies are used to organize data into meaningful categories. For example, a company may have a parent-child hierarchy that groups its products into categories such as “electronics” and “clothing”. Each of these categories can then be further divided into subcategories such as “televisions” and “shirts”. This type of organization makes it easier to analyze data and make decisions based on the information. 
  
  Tips & Tricks: 
  When creating a parent-child hierarchy in SAP EPM-IM-FPL, it is important to ensure that each level of the hierarchy is clearly defined and that all data is accurately categorized. This will help to ensure that data can be easily analyzed and decisions can be made quickly and accurately. 
  
  Related Information: 
  SAP EPM-IM-FPL also offers other types of organizational structures such as cost centers, profit centers, and product hierarchies. These structures can be used in combination with parent-child hierarchies to provide a more comprehensive view of an organization’s data.