Why Custom dimension is required

Hi all,
Custom dimension provides additional detail of Accounts.
My question is could we build the HFM application with out custom dimension or its a mandatory to have at least one/two custom dimension to build an application.
Regards,
Sanjeev
Edited by: reachsubbiah on Dec 26, 2010 5:57 AM

Hi reachsubbiah,
I agree with Paul.
Custom dimensions allow you to store additional details associated with accounts, such as products, markets, channels, balance sheet movement, or types of elimination.
For example, custom dimensions could include Product Line, Region, Channel, or Customers.
Bear in mind you if your application uses exchange rates and currencies, this data is stored within the Custom 1 and Custom 2 dimensions.
They are system defined currency members in the Custom1 and Custom2 dimension for each currency in the application.
You enter currency rates in data grids using these grid settings:
- Row Dimension = Custom 1
- Column Dimension = Custom 2
- Row List and Column List = The member lists you created that contain the application
currencies, or the System List [Currencies]
Cheers,
David

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