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

SAP Term: source data basis

• Component: FIN-SEM-BCS

• Component Name: Business Consolidation

• Description: A data basis used for linking data streams and field catalogs, which serve as the data source in the Consolidation system. You can assign source data bases to an ordinary data basis for consolidation. When this is done, the fields and data streams declared in the source data basis become available for data collection for example, in the consolidation methods Flexible Upload and Load from Data Stream.

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• Key Concepts: 
  Source data basis is a component of the Business Consolidation module in SAP. It is used to store and manage source data for consolidation purposes. This includes data from different sources such as financial statements, external systems, and other consolidation systems. The source data basis is used to create a single source of truth for the consolidation process. 
  
  How to use it: 
  The source data basis can be used to store and manage source data for consolidation purposes. This includes data from different sources such as financial statements, external systems, and other consolidation systems. The source data basis can be used to create a single source of truth for the consolidation process. This allows users to easily access and analyze the data needed for the consolidation process. 
  
  Tips & Tricks: 
  When using the source data basis, it is important to ensure that all of the data is accurate and up-to-date. This will help ensure that the consolidation process is accurate and efficient. Additionally, it is important to ensure that all of the necessary security measures are in place to protect the data stored in the source data basis. 
  
  Related Information: 
  The source data basis is part of the Business Consolidation module in SAP. It is used in conjunction with other components such as the Consolidation Cockpit, Consolidation Monitor, and Consolidation Workbench to provide a comprehensive solution for consolidating financial statements. Additionally, it can be used with other SAP modules such as Financial Accounting (FI) and Controlling (CO) to provide a more comprehensive solution for managing financial information.