What is year to date in SAP EPM-FC-SK - FC Starter Kit for IFRS?

SAP Term: year to date

• Component: EPM-FC-SK

• Component Name: FC Starter Kit for IFRS

• Description: Consolidation term, as employed within the International Accounting Standards IAS and the International Financial Reporting Standards IFRS.

Smart SAP Assistant

• Key Concepts: 
  Year to date (YTD) is a term used to refer to the period from the beginning of the current year up to the present day. In SAP, YTD is used in the EPM-FC-SK FC Starter Kit for IFRS to refer to the financial data that has been collected and reported since the start of the current fiscal year. 
  
  How to use it: 
  In SAP, YTD can be used to compare financial data from different periods. For example, it can be used to compare financial data from the current year with that of previous years. It can also be used to compare financial data from different departments or locations within a company. 
  
  Tips & Tricks: 
  When using YTD in SAP, it is important to ensure that all of the data being compared is from the same period. This will ensure that any discrepancies between the data sets are due to actual differences in performance rather than differences in time periods. 
  
  Related Information: 
  YTD is often used in conjunction with other financial metrics such as month-to-date (MTD) and quarter-to-date (QTD). These metrics can be used together to gain a more comprehensive understanding of a company’s financial performance over time.