What is data basis in SAP FIN-FB - Financials Basis?

SAP Term: data basis

• Component: FIN-FB

• Component Name: Financials Basis

• Description: A quantity of information objects and possibly also a quantity of data elements that serve as the basis for an application-specific and custom data model for Accounting that can be generated dynamically. The data basis therefore stretches the characteristic namespace. The generated data structures are specific for the data basis.

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• Key Concepts: 
  Data basis is a component of the SAP Financials Basis (FIN-FB) module. It provides a platform for the storage and management of financial data. It is used to store and manage financial information such as accounts, transactions, and other financial data. It also provides a platform for reporting and analysis of financial data. 
  
  How to use it: 
  Data basis can be used to store and manage financial data in an organized manner. It can be used to create accounts, transactions, and other financial data. It can also be used to generate reports and analyze financial data. 
  
  Tips & Tricks: 
  When using Data basis, it is important to ensure that all financial data is accurate and up-to-date. This will help ensure that reports and analysis are accurate and reliable. Additionally, it is important to ensure that all security measures are in place to protect the financial data stored in Data basis. 
  
  Related Information: 
  Data basis is part of the SAP Financials Basis (FIN-FB) module. Other components of this module include Accounts Payable (AP), Accounts Receivable (AR), General Ledger (GL), and Cost Accounting (CA). Additionally, Data basis can be integrated with other SAP modules such as Human Resources (HR) and Supply Chain Management (SCM).