What is basic characteristic in SAP FIN-SEM-BPS - Business Planning and Simulation?

SAP Term: basic characteristic

• Component: FIN-SEM-BPS

• Component Name: Business Planning and Simulation

• Description: An independent characteristic in a characteristic relationship. In a characteristic relationship, a relationship is defined between the basic characteristic and the target characteristic, where individual values of the basic characteristic are assigned to certain valid values of the target characteristic.

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• Key Concepts: 
  Basic characteristics are a type of characteristic used in the Business Planning and Simulation (BPS) component of SAP. They are used to define the characteristics of a business plan, such as the type of plan, the time period, and the currency. Basic characteristics are used to create a structure for the business plan and to provide a basis for data entry. 
  
  How to use it: 
  Basic characteristics can be created in the BPS component of SAP. To do this, go to the “Planning” tab in the BPS component and select “Create Basic Characteristic”. This will open a window where you can enter the details of the basic characteristic, such as its name, type, and currency. Once you have entered all of the necessary information, click “Save” to create the basic characteristic. 
  
  Tips & Tricks: 
  When creating basic characteristics in SAP, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that your business plans are accurate and up-to-date as well. Additionally, it is important to remember that basic characteristics can be changed or deleted at any time. 
  
  Related Information: 
  For more information on basic characteristics in SAP, please refer to the official SAP documentation on Business Planning and Simulation (BPS). Additionally, there are many online resources available that provide tutorials and tips on using SAP BPS.