What is permanent parameter in SAP FIN-SEM-BCS - Business Consolidation?

SAP Term: permanent parameter

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: Parameter that affects subsequent activities in a user session in the Consolidation system. One permanent parameter is the consolidation area. In Customizing, you can define additional permanent parameters, such as: Version Dimension Fiscal year and period

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• Key Concepts: 
  Permanent parameters are settings that are stored in the system and used to control the behavior of the Business Consolidation component of SAP. These parameters are used to define the scope of consolidation, the data that is included in the consolidation process, and the rules that govern how the data is consolidated. 
  
  How to use it: 
  Permanent parameters can be set up in the Business Consolidation component of SAP. The parameters can be set up for each company or group of companies that is being consolidated. The parameters can be used to define which data is included in the consolidation process, how it is consolidated, and which rules are applied to the data. 
  
  Tips & Tricks: 
  When setting up permanent parameters, it is important to ensure that they are set up correctly. This will ensure that the data is consolidated correctly and that all of the necessary rules are applied. It is also important to review the parameters regularly to ensure that they are still valid and up-to-date. 
  
  Related Information: 
  For more information on permanent parameters and how to set them up in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed information on setting up permanent parameters in SAP.