What is foundation view in SAP FIN-RTC - Real-Time Consolidation?

SAP Term: foundation view

• Component: FIN-RTC

• Component Name: Real-Time Consolidation

• Description: A foundation view is the basis from which subsequent consolidation views are generated by the modeling tool. A foundation view is assigned to a model.

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• Key Concepts: 
  The foundation view in SAP FIN-RTC Real-Time Consolidation is a set of data that is used to create a consolidated financial report. It contains the data from all the companies that are part of the consolidation process. This data is used to create a single, unified financial report that can be used for analysis and decision-making. 
  
  How to use it: 
  The foundation view in SAP FIN-RTC Real-Time Consolidation is used to create a consolidated financial report. To do this, the data from all the companies that are part of the consolidation process must be gathered and stored in the foundation view. Once this is done, the consolidated financial report can be created using the data from the foundation view. 
  
  Tips & Tricks: 
  When creating a consolidated financial report using the foundation view in SAP FIN-RTC Real-Time Consolidation, it is important to ensure that all the data from all the companies is accurate and up-to-date. This will ensure that the consolidated financial report is accurate and reliable. 
  
  Related Information: 
  The foundation view in SAP FIN-RTC Real-Time Consolidation is just one of many features available in this software. Other features include automated consolidation processes, flexible reporting options, and more.