What is hierarchy type in SAP FS-BA-SD - Source Data?

SAP Term: hierarchy type

• Component: FS-BA-SD

• Component Name: Source Data

• Description: A means of classifying segment hierarchies. A hierarchy type is a collection of the characteristics registered in Bank Analyzer by the characteristic repository.

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• Key Concepts: 
  Hierarchy type is a component of the FS-BA-SD source data in SAP. It is used to define the structure of a hierarchy, which is a way of organizing data into levels or categories. Hierarchy types are used to define the relationships between different levels of data, such as parent-child relationships. 
  
  How to use it: 
  Hierarchy types are used to create hierarchies in SAP. To create a hierarchy type, you must first define the structure of the hierarchy, including the number of levels and the relationships between them. Once the structure is defined, you can then assign values to each level of the hierarchy. 
  
  Tips & Tricks: 
  When creating a hierarchy type, it is important to consider how the data will be used. For example, if you are creating a hierarchy for customer segmentation, you may want to include customer attributes such as age, gender, and location. This will allow you to easily segment customers based on these attributes. 
  
  Related Information: 
  Hierarchy types are closely related to other components of FS-BA-SD source data, such as master data and transaction data. Master data is used to store information about customers, products, and other entities that are used in business processes. Transaction data is used to store information about transactions that occur within an organization. Both master data and transaction data can be organized using hierarchy types.