New Application Sets 
You add new application sets to the system by copying information from the ApShell application set.
You can copy database records, Content Library data, Live Reports, and journals from the source application set. When using the Microsoft version of Planning and Consolidation, you can also copy business process flows. After the copying is complete, you can begin to modify the default applications, add new ones, and assign users to them.
When you create a new application set, Planning and Consolidation does the following:
Copies the application set WebFolders/data within File Service
Creates a copy of all NetWeaver BI objects (in the NetWeaver system only)
Copies all transactional and master data from the source application set to the new application set
Copies security and Planning and Consolidation metadata
If the system encounters an error when copying an application set, it rolls back to clear the objects created during the failed copy.
You can modify the descriptive text associated with an application set. For example, you might want to change the description if you have made a significant change to the application set, such as adding a new application that performs new functions for your business. You change application set descriptions for a selected application set in the Administration main screen by choosing , then entering the new application set description.
You add a application set by choosing Add a new application set in the Manage Application Sets action pane and entering the required data.