What is rate table in SAP (EPM-FC - SAP BusinessObjects Financial Consolidation)?

SAP Term: rate table

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A table used for entering and consulting conversion or tax rates.

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• Key Concepts: 
  A rate table is a feature of SAP BusinessObjects Financial Consolidation (EPM-FC) that allows users to store and manage exchange rates. It enables users to define and maintain exchange rates for different currencies, and to apply them to different scenarios. The rate table also allows users to define the currency conversion rules for each currency pair. 
  
  How to use it: 
  To use the rate table, users must first create a rate table in the Financial Consolidation application. This can be done by selecting the “Create Rate Table” option from the menu. Once the rate table is created, users can add exchange rates for different currencies by entering the currency code, exchange rate, and date of the exchange rate. The rate table can then be used to convert currencies in different scenarios. 
  
  Tips & Tricks: 
  When creating a rate table, it is important to ensure that all of the necessary information is entered correctly. This includes the currency code, exchange rate, and date of the exchange rate. Additionally, it is important to ensure that all of the currency conversion rules are defined correctly in order to ensure accurate results. 
  
  Related Information: 
  For more information on using the rate table in SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tutorials and tips on using this feature.