What is data basis in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: data basis

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: Specifies the data model of consolidation; specifically, the characteristics and key figures along with their role in the consolidation system.

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• Key Concepts: 
  Data basis is a term used in SAP Business Consolidation (FIN-SEM-BCS) to refer to the data that is used as the basis for consolidation. This data can be sourced from multiple sources, such as financial statements, operational data, and other external sources. The data basis is then used to create a consolidated financial statement. 
  
  How to use it: 
  In order to use the data basis for consolidation, it must first be collected and organized. This can be done manually or through automated processes. Once the data is collected, it must be validated and checked for accuracy. Once the data is validated, it can then be used to create a consolidated financial statement. 
  
  Tips & Tricks: 
  When collecting and organizing the data basis for consolidation, it is important to ensure that all of the necessary information is included. This includes both financial and operational data. Additionally, it is important to ensure that all of the data is accurate and up-to-date. 
  
  Related Information: 
  For more information on SAP Business Consolidation (FIN-SEM-BCS), please visit the SAP website at https://www.sap.com/products/business-consolidation.html. Additionally, there are many resources available online that provide detailed information on how to use SAP Business Consolidation (FIN-SEM-BCS).