What is version type in SAP FIN-CS - S4HANA Financial Consolidation?

SAP Term: version type

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: Defines how the versions process data. The following version types are available: Standard version: A standard version is a version that does not have a reference version. It leads the process run and the task status for the standard version also applies to the versions that reference it. A standard version can store data in local currency, group currency, transaction currency, and quantity. Group currency extension version: A group currency extension version has a reference version but it has a different group currency than the reference version. This reference version must be a standard version. The group currency extension version can only store data using the group currency. Extension version: An extension version has a reference version but it has the same group currency as the reference version. It, for example, translates financial data using a different translation approach, such as using budget rates. From a technical perspective, it carries only the delta amou

Smart SAP Assistant

• Key Concepts: 
  Version type is a term used in SAP software to refer to the different versions of a particular component. In the case of FIN-CS S4HANA Financial Consolidation, version type refers to the different versions of the software that are available. Each version type has its own set of features and capabilities, and can be used for different purposes. 
  
  How to use it: 
  When using FIN-CS S4HANA Financial Consolidation, it is important to understand which version type is best suited for your needs. Depending on the features and capabilities you require, you may need to select a specific version type. To do this, you can consult the documentation provided by SAP or contact a customer service representative for assistance. 
  
  Tips & Tricks: 
  When selecting a version type for FIN-CS S4HANA Financial Consolidation, it is important to consider the features and capabilities that are available in each version. This will help ensure that you select the version that best meets your needs. Additionally, it is important to keep in mind that some features may not be available in all versions, so it is important to check the documentation before making a selection. 
  
  Related Information: 
  For more information about version types in FIN-CS S4HANA Financial Consolidation, please refer to the official SAP documentation or contact a customer service representative for assistance. Additionally, there are many online resources available that provide detailed information about each version type and their features and capabilities.