What is business line in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: business line

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: The business line is used in reporting financial information to the U.S. Treasury through FACTS I. Some agencies also use it in their financial statements. Agencies submit FACTS I Notes reports at business line level. Each agency determines its own business lines. A business line can consist of one or more programs, a substantial commercial activity, a bureau, an agency, a corporation, a department, or a combined group of appropriation/fund groups.

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• Key Concepts: 
  Business line is a term used in the SAP PSM-FG Functions for U.S. Federal Government component to refer to a specific type of organization within the government. It is used to identify the different types of organizations that are responsible for different types of activities, such as procurement, finance, and human resources. 
  
  How to use it: 
  The business line is used to identify the type of organization within the government that is responsible for a particular activity. This information can be used to determine which activities are associated with a particular organization and how they should be managed. 
  
  Tips & Tricks: 
  When using the business line, it is important to ensure that the correct information is entered into the system. This will ensure that the activities associated with a particular organization are properly managed and tracked. 
  
  Related Information: 
  The business line is part of the SAP PSM-FG Functions for U.S. Federal Government component, which provides tools and features for managing government activities. It also provides features for tracking and reporting on government activities, as well as providing access to data related to government activities.