What is global parameters in SAP FIN-CS - S4HANA Financial Consolidation?

SAP Term: global parameters

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: The parameters that affect the activities of a user in the Consolidation system. Global parameters include the version, consolidation chart of accounts, and fiscal year and period. The data are user-dependent.

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• Key Concepts: 
  Global parameters are settings that are used to define the behavior of the SAP Financial Consolidation (FIN-CS) S4HANA system. These parameters are used to control the system's data processing, reporting, and other functions. They can be set at the global level, meaning they apply to all users and all companies in the system. 
  
  How to use it: 
  Global parameters can be accessed and modified in the FIN-CS S4HANA Financial Consolidation system by navigating to the “Global Parameters” tab in the main menu. From there, users can view and modify existing parameters or create new ones. The parameters can be set at the global level or at a company level, depending on the user's needs. 
  
  Tips & Tricks: 
  When setting global parameters, it is important to consider how they will affect all users and companies in the system. It is also important to ensure that any changes made are properly documented so that they can be easily reversed if necessary. 
  
  Related Information: 
  For more information on global parameters in FIN-CS S4HANA Financial Consolidation, please refer to the official SAP documentation.