What is 'consolidation version element' in SAP FIN-CS - S4HANA Financial Consolidation?

consolidation version element - Overview

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: You use consolidation version elements for analytics reports and the Display Group Journal Entries – With Reporting Logic app. A consolidation version element is used to distinguish the version that aggregates data and the version that stores data. If you run a report for an extension version, the values are aggregated from the extension version and its underlying versions standard, extension, or group currency extension version. A display by consolidation version element lets you see on which consolidation version data is stored. If you, for example, select version Y12, the data displayed is the aggregated data from underlying versions Y11 and Y12.

consolidation version element - Details

• 
  Key Concepts: 
  A consolidation version element is a component of the SAP S4HANA Financial Consolidation module. It is used to define the version of a consolidation process, which includes the data sources, consolidation rules, and other settings. The consolidation version element is used to ensure that all data sources are up-to-date and that the consolidation process is running correctly.
  
  How to use it: 
  The consolidation version element is used to define the version of a consolidation process. This includes setting up the data sources, defining the consolidation rules, and other settings. Once the version element is set up, it can be used to ensure that all data sources are up-to-date and that the consolidation process is running correctly.
  
  Tips & Tricks: 
  It is important to keep track of the different versions of a consolidation process. This can be done by creating a separate version element for each version of the process. This will help ensure that all data sources are up-to-date and that the consolidation process is running correctly.
  
  Related Information: 
  For more information on SAP S4HANA Financial Consolidation, please visit https://help.sap.com/viewer/product/SAP_FIN_CS_S4HANA_FINANCIAL_CONSOLIDATION/latest/en-US