What is key figure in SAP FI-LC - Consolidation?

SAP Term: key figure

• Component: FI-LC

• Component Name: Consolidation

• Description: The ratios help analyze a corporation or a group. A ratio is a financial statement item defined by a formula that can be used to add, subtract, multiply and divide other financial statement items and constants. Ratios are used to show the relationships between different item values so that varying aspects of the company or group can be displayed. &EXAMPLE& Owner equity ratio = equity : equity + liabilities

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• Key Concepts: 
  A key figure is a numerical value used in the FI-LC Consolidation component of SAP to measure and analyze financial performance. It is used to track and compare financial data over time, such as revenue, expenses, profits, and losses. Key figures are also used to calculate ratios and other metrics that can be used to make decisions about the company's financial health. 
  
  How to use it: 
  Key figures can be used in the FI-LC Consolidation component of SAP to track and compare financial data over time. This data can be used to measure performance, calculate ratios, and make decisions about the company's financial health. To use key figures in SAP, users must first define the key figure in the system. This includes setting up the calculation logic for the key figure, as well as defining any additional parameters that may be needed. Once the key figure is defined, it can be used in reports and analyses. 
  
  Tips & Tricks: 
  When setting up a key figure in SAP, it is important to ensure that all of the necessary parameters are defined correctly. This will ensure that the key figure is calculated accurately and that any reports or analyses using the key figure will be accurate as well. Additionally, it is important to ensure that all of the necessary data is available before attempting to use a key figure in SAP. 
  
  Related Information: 
  For more information on using key figures in SAP, please refer to the official SAP documentation on FI-LC Consolidation. Additionally, there are many online resources available that provide tutorials and tips on using key figures in SAP.