1. Objective and Scope

The purpose of this document is to describe the BFC Admin activities concerning the PREV category/phase in BFC. 

PREV phase is managed by the Corporate Controlling team and used by GBU controllers for Y+1 budget exercise.  

PREV it's a yearly consolidation cycle with its own conso scope (PREV), currency conversion rates (PREV) and category scenario (PREV).

The content is restricted to P&L , WC, Fixed assets per business - multi periods category (5 quarters) - reporting per Business using fictive reporting companies (not legal ones).