This parameter is defined at the level Folder.It belongs to Chapter AAS (Fixed assets) and the Group CLC (Calculation),The following parameters are also associated with this chapter and group :
The global variable GDIRUPDTSD is associated with it.
The following functions are associated with this parameter :
Fixed assets > Processes > Status of contexts
Fixed assets > Processes > Utilities > Pending modificatons
The documentation on the processing Ob-hold modifications gives the list of setup elements whose modification changes the status of concerned goods.