What is remaining variance in SAP CO - Controlling?

SAP Term: remaining variance

• Component: CO

• Component Name: Controlling

• Description: The difference between the target costs and the costs that cannot be attributed to single variance categories. The latter can occur if no variance category was specified in the variance variant.

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• Key Concepts: 
  Remaining variance is a term used in SAP Controlling (CO) to describe the difference between the actual costs and the planned costs. It is calculated by subtracting the actual costs from the planned costs. The remaining variance can be used to identify areas of potential cost savings or areas where additional resources may be needed. 
  
  How to use it: 
  In SAP Controlling, the remaining variance can be calculated by entering the actual costs and the planned costs into the system. The system will then calculate the difference between the two and display it as a remaining variance. This can then be used to identify areas of potential cost savings or areas where additional resources may be needed. 
  
  Tips & Tricks: 
  When calculating the remaining variance, it is important to ensure that all relevant data is entered into the system accurately. This will ensure that the remaining variance calculation is accurate and can be used effectively. Additionally, it is important to regularly review the remaining variance calculation to ensure that any changes in actual costs or planned costs are taken into account. 
  
  Related Information: 
  The remaining variance calculation can be used in conjunction with other SAP Controlling tools such as cost centers and cost objects to gain a more detailed understanding of an organization’s financial performance. Additionally, it can be used to compare actual costs with budgeted costs in order to identify areas of potential cost savings or areas where additional resources may be needed.