A configuration file called params.txt either located in \My Documents\ or in \Storage Card\
The configuration file describes where the other files can be found and it specifies the arguments that should be passed to the Linux kernel. An example of params.txt looks like this:
In this case the console information is printed on the frame buffer console. By redirecting it to the serial port, it is easier to read, log and debug (this is the info for Wallaby):