What is reference in SAP EPM-APP-ALLO - SAP Performance Management, Cost Allocation?

SAP Term: reference

• Component: EPM-APP-ALLO

• Component Name: SAP Performance Management, Cost Allocation

• Description: Of data in allocation, the input used for an allocation step, containing driver values.

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• Key Concepts: 
  Reference is a term used in SAP Performance Management, Cost Allocation to refer to the process of assigning a cost or value to an object. This object can be a product, service, or other item that needs to be allocated a cost or value. The reference process is used to ensure that the cost or value assigned to an object is accurate and consistent. 
  
  How to use it: 
  In SAP Performance Management, Cost Allocation, the reference process is used to assign costs or values to objects. This process involves selecting the object that needs to be allocated a cost or value, and then entering the appropriate information into the system. Once the information has been entered, the system will calculate the cost or value that should be assigned to the object. 
  
  Tips & Tricks: 
  When using the reference process in SAP Performance Management, Cost Allocation, it is important to ensure that all of the information entered into the system is accurate and up-to-date. This will help ensure that the cost or value assigned to an object is accurate and consistent. Additionally, it is important to keep track of any changes made to the reference process, as this can affect the accuracy of the cost or value assigned to an object. 
  
  Related Information: 
  The reference process in SAP Performance Management, Cost Allocation is closely related to other processes such as budgeting and forecasting. These processes are used in conjunction with the reference process in order to ensure that costs and values are accurately assigned and tracked over time. Additionally, these processes can help identify areas where costs can be reduced or increased in order to improve overall performance.