What is net variation in SAP EPM-FC-SK - FC Starter Kit for IFRS?

SAP Term: net variation

• Component: EPM-FC-SK

• Component Name: FC Starter Kit for IFRS

• Description: Calculated flow corresponding to the total variation between opening andclosing

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• Key Concepts: 
  Net variation is a term used in the SAP EPM-FC-SK FC Starter Kit for IFRS. It is a calculation that is used to determine the difference between the actual and expected results of a financial transaction. This calculation is used to identify any discrepancies between the two values and can be used to identify potential issues or opportunities for improvement. 
  
  How to use it: 
  Net variation can be calculated by subtracting the expected result from the actual result. This calculation can be used to identify any discrepancies between the two values and can be used to identify potential issues or opportunities for improvement. The net variation calculation can also be used to compare different financial transactions and identify any differences in performance. 
  
  Tips & Tricks: 
  When calculating net variation, it is important to ensure that all relevant data is taken into account. This includes any fees, taxes, or other costs associated with the transaction. Additionally, it is important to ensure that all data is up-to-date and accurate in order to get an accurate net variation calculation. 
  
  Related Information: 
  Net variation is closely related to other financial terms such as variance analysis, budgeting, and forecasting. Understanding these terms and how they relate to net variation can help provide a better understanding of how this calculation works and how it can be used in financial analysis. Additionally, understanding these terms can help provide insight into potential areas of improvement or opportunities for cost savings.