What is 'holding category' in SAP FS-BA-AN-FSP - Financial Statement Preparation?

holding category - Overview

• Component: FS-BA-AN-FSP

• Component Name: Financial Statement Preparation

• Description: The categorization of a financial product according to accounting principle for balance sheet reporting purposes.

holding category - Details

• 
  Key Concepts: 
  Holding category is a feature of the Financial Statement Preparation (FSP) component of SAP. It is used to group together different accounts and items in the financial statements. This allows for easier analysis and reporting of financial data. 
  
  How to use it: 
  Holding categories can be created in the FSP component of SAP. To do this, go to the “Accounts” tab and select “Create Holding Category”. From there, you can enter the name of the holding category and select the accounts or items that you want to include in it. 
  
  Tips & Tricks: 
  When creating a holding category, it is important to consider how it will be used. Think about what type of analysis or reporting you will be doing with the data and create a holding category that will make it easier to do so. 
  
  Related Information: 
  For more information on using holding categories in SAP, please refer to the SAP Help documentation on Financial Statement Preparation (FSP).