What is key figure in SAP FI-SL - Special Purpose Ledger?

SAP Term: key figure

• Component: FI-SL

• Component Name: Special Purpose Ledger

• Description: Predefined business key figure A key figure consists of a basic key figure combined with one or more restricting characteristics. This combination of information is already defined in your SAP system. In the case of data fields that that are often depicted in reports, using key figures can massively reduce the time required to define a report. &EXAMPLE& Actual costs in the current fiscal year Plan costs in the last fiscal year

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• Key Concepts: 
  A key figure is a numerical value used to measure the performance of a business. It is a type of data element used in SAP's Financial Accounting Special Purpose Ledger (FI-SL) component. Key figures are used to track and analyze financial performance, such as sales, profits, and expenses.
  
  How to use it: 
  Key figures can be used to measure the performance of a business over time. They can be used to compare different periods or to compare different companies. Key figures can also be used to identify trends and patterns in financial performance.
  
  Tips & Tricks: 
  When using key figures, it is important to ensure that the data is accurate and up-to-date. It is also important to ensure that the key figures are being used in the correct context. For example, if you are comparing two companies, make sure that the key figures are being compared on the same basis.
  
  Related Information: 
  Key figures are just one type of data element used in SAP's FI-SL component. Other data elements include cost elements, cost centers, and profit centers. Understanding how these data elements interact with each other can help you better understand your business's financial performance.