What is 'attribute' in SAP FS-AM-PR-PR - Financial Condition?

attribute - Overview

• Component: FS-AM-PR-PR

• Component Name: Financial Condition

• Description: A way of describing a product that is entered in the attribute hierarchy of a product category. An attribute offers the option of describing a characteristic or a function of a product. Fields or functions in a contract can have corresponding attributes in the product. Only contract fields and functions that can be changed need to have corresponding attributes in the product category. Fields and features of a contract specialization that cannot be changed do not need to be created as attributes of the corresponding product category. &EXAMPLE& It would not be meaningful to create the acceleration of gravity g as attribute, as this has the fixed value of 9,80665 m/s2. This can be specified in the contract as constant. It would only be meaningful to assign a corresponding attribute to the product category of the contract if showing or hiding the field were required for certain contracts in the context of the field modifications.

attribute - Details

• 
  Key Concepts: 
  An attribute is a characteristic of an object in SAP that can be used to describe it. In the Financial Condition component of FS-AM-PR-PR, attributes are used to define the financial condition of an entity, such as a customer or vendor. Attributes can include information such as credit limit, payment terms, and payment history. 
  How to Use It: 
  Attributes are used to define the financial condition of an entity in SAP. To set up an attribute, go to the Financial Condition component of FS-AM-PR-PR and select the “Attributes” tab. From there, you can add or edit attributes for a particular entity. 
  
  Tips & Tricks: 
  When setting up attributes for an entity, make sure to enter accurate and up-to-date information. This will ensure that the financial condition of the entity is accurately reflected in SAP. 
  
  Related Information: 
  For more information on setting up attributes in SAP, refer to the SAP Help documentation on Financial Condition Attributes.