What is version in SAP CO - Controlling?

SAP Term: version

• Component: CO

• Component Name: Controlling

• Description: A collection of fiscal year-dependent indicators for plan and actual data for one controlling area. These indicators include: Lock version Integrated planning or line item update Copying allowed Exchange rate type Value date Integration of order plans with Cost Center Accounting Purely iterative activity price Methods for calculating planned activity prices Methods for calculating actual activity prices Revaluation indicator for revaluating actual activities with an actual activity price Cost component structure for cost component split Valuation variant for resource planning Versions enable you to carry parallel sets of planning data for the same object, such as optimistic plan data and pessimistic plan data.

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• Key Concepts: 
  Version in SAP CO Controlling is a way to differentiate between different versions of the same document. It allows users to save multiple versions of the same document and compare them side-by-side. This is especially useful when making changes to a document, as it allows users to easily revert back to an earlier version if needed. 
  
  How to use it: 
  To use versioning in SAP CO Controlling, users must first enable versioning for the document they wish to save multiple versions of. This can be done by selecting the “Enable Versioning” option from the menu. Once enabled, users can save multiple versions of the same document by selecting “Save As” from the menu and entering a new version number. 
  
  Tips & Tricks: 
  When using versioning in SAP CO Controlling, it is important to keep track of which version is the most up-to-date. This can be done by adding comments or notes to each version, or by using a numbering system for each version (e.g. Version 1, Version 2, etc.). 
  
  Related Information: 
  For more information on versioning in SAP CO Controlling, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_CO_CONTROLLING/latest/en-US