What is aggregation key in SAP FS-AM - Account Management?

SAP Term: aggregation key

• Component: FS-AM

• Component Name: Account Management

• Description: Represents various criteria used to form reconciliation totals, such as the reconciliation date, currency, and business area.

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• Key Concepts: 
  Aggregation key is a feature of the FS-AM Account Management component of SAP. It is used to group together similar accounts in order to simplify the process of creating financial statements. The aggregation key is used to define the criteria for grouping accounts, such as by type, currency, or other characteristics. 
  
  How to use it: 
  In order to use the aggregation key, you must first define the criteria for grouping accounts. This can be done by selecting the appropriate fields in the aggregation key configuration screen. Once the criteria has been defined, you can then assign an aggregation key to each account that meets the criteria. This will allow you to easily group similar accounts together when creating financial statements. 
  
  Tips & Tricks: 
  When defining the criteria for an aggregation key, it is important to consider how it will be used in practice. For example, if you are creating financial statements that need to be broken down by currency, then you should make sure that your aggregation key includes a field for currency. This will ensure that all accounts with the same currency are grouped together when creating financial statements. 
  
  Related Information: 
  The aggregation key feature is closely related to other features of FS-AM Account Management such as account hierarchies and account categories. These features can be used in conjunction with the aggregation key to further simplify the process of creating financial statements.