What is version in SAP FI-LC - Consolidation?

SAP Term: version

• Component: FI-LC

• Component Name: Consolidation

• Description: The objects that enable you to perform consolidations using different valuations and to run separate comparisons and simulations based on different financial statement data. These can then be compared using current reporting tools. You can create a new version at any time.

Smart SAP Assistant

• Key Concepts: 
  Version in SAP FI-LC Consolidation is a version of the consolidation process that is used to track changes in the consolidation process. It allows users to compare different versions of the same consolidation process and make changes as needed. It also allows users to save different versions of the same consolidation process for future reference. 
  
  How to use it: 
  To use version in SAP FI-LC Consolidation, users must first create a version of the consolidation process. This can be done by selecting the “Create Version” option from the menu. Once a version is created, users can then make changes to the consolidation process and save it as a new version. This allows users to compare different versions of the same consolidation process and make changes as needed. 
  
  Tips & Tricks: 
  When creating a new version of the consolidation process, it is important to give it a descriptive name so that it can be easily identified later on. Additionally, it is important to save each version of the consolidation process so that it can be accessed later on if needed. 
  
  Related Information: 
  For more information on version in SAP FI-LC Consolidation, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use version in SAP FI-LC Consolidation.