What is reference value in SAP CO - Controlling?

SAP Term: reference value

• Component: CO

• Component Name: Controlling

• Description: A determinant of whether the data is settled to the receiver object according to a percentage or according to equivalence numbers.

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• Key Concepts: 
  Reference values are used in SAP Controlling (CO) to define the target values for cost centers and cost elements. They are used to compare actual costs with the planned costs and to identify any deviations. Reference values can be set for a specific period of time, such as a month or a year, and can be used to track the performance of a cost center or cost element over time. 
  
  How to use it: 
  Reference values can be set in the SAP system by navigating to the Controlling (CO) module and selecting the “Reference Values” option. From there, users can enter the desired reference value for a cost center or cost element. The reference value will then be used to compare actual costs with the planned costs. 
  
  Tips & Tricks: 
  It is important to note that reference values should be set carefully, as they will be used to compare actual costs with the planned costs. If the reference value is too low, it may lead to inaccurate results. Additionally, it is important to keep track of any changes made to reference values over time, as this will help ensure that accurate comparisons are made between actual and planned costs. 
  
  Related Information: 
  For more information on reference values in SAP Controlling (CO), please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_CONTROLLING/731/en-US.