What is 'base unit' in SAP FIN-CS - S4HANA Financial Consolidation?

base unit - Overview

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: A unit of measure used to measure a base quantity.

base unit - Details

• 
  Key Concepts: 
  Base unit is a term used in SAP S4HANA Financial Consolidation to refer to the unit of measure used to record and report financial data. It is the smallest unit of measure that can be used to represent a financial value. For example, a base unit of currency might be the US dollar, while a base unit of weight might be the gram. 
  
  How to use it: 
  In SAP S4HANA Financial Consolidation, base units are used to define the currency, weight, or other measurement that will be used for financial reporting. This allows for accurate and consistent reporting across different currencies and measurements. To set up a base unit, users must first define the type of measurement they want to use (e.g. currency, weight, etc.), then select the appropriate base unit from the list of available options. 
  
  Tips & Tricks: 
  When setting up a base unit in SAP S4HANA Financial Consolidation, it is important to ensure that all financial data is reported in the same base unit. This will ensure that all financial reports are consistent and accurate. Additionally, it is important to remember that different currencies may have different base units (e.g. US dollars vs Euros). 
  
  Related Information: 
  For more information on setting up base units in SAP S4HANA Financial Consolidation, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_S4HANA_FINANCIAL_CONSOLIDATION/1709%20000/en-US