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A core function provides a GAAP-independent function for determining / calculating one or more results.

One or more components are used here.

Which components are used to determine a result variable in the component-based approach is described in blueprints.

A result variable can be used "externally" or "internally".

For example,

  • an evaluation result can be transferred to an external system (e.g. accounting system)
  • the cash flow plan can be provided internally for the core function "valuation".

 

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