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

SAP Term: attribute hierarchy

• Component: FS-AM-PR-PR

• Component Name: Financial Condition

• Description: A client-specific arrangement of all attributes that are available for a product category in Account Management or Master Contract Management. It consists of the following attribute categories: Grouping attribute Feature attribute Field attribute List Matrix The attribute hierarchy of a product category is used as a template for creating products. You can use the 'Attributes Used' and 'Attributes Not Used' nodes to specify which attributes are available for products.

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• Key Concepts: 
  Attribute hierarchy is a component of the Financial Condition (FS-AM-PR-PR) module in SAP. It is a structure of attributes that are used to define the characteristics of an object. The attributes are organized in a hierarchical order, with each level representing a different level of detail. For example, an attribute hierarchy might include a top-level attribute such as “region”, followed by “country”, “state”, and “city”. 
  
  How to use it: 
  Attribute hierarchies can be used to define the characteristics of an object in SAP. For example, if you are creating a customer record in SAP, you can use an attribute hierarchy to define the customer’s address. You can also use attribute hierarchies to define the characteristics of a product or service. 
  
  Tips & Tricks: 
  When creating an attribute hierarchy in SAP, it is important to ensure that all levels of the hierarchy are properly defined. This will ensure that the data is accurately represented in SAP. Additionally, it is important to ensure that all attributes are properly linked together so that they can be easily accessed and used. 
  
  Related Information: 
  Attribute hierarchies are closely related to other components of the Financial Condition (FS-AM-PR-PR) module in SAP, such as cost centers and cost elements. Additionally, attribute hierarchies can be used in conjunction with other components of SAP such as reporting and analytics tools.