What is standard profit in SAP EPM-IM-FPL - EPM IM Flying Profit&Loss (Leopard)?

SAP Term: standard profit

• Component: EPM-IM-FPL

• Component Name: EPM IM Flying Profit&Loss (Leopard)

• Description: The difference between standard total income and standard total cost.

Smart SAP Assistant

• Key Concepts: 
  Standard profit is a feature of the SAP EPM-IM-FPL (Flying Profit & Loss) module, also known as Leopard. It is a tool that allows users to quickly and accurately analyze their company’s financial performance. Standard profit is a measure of the company’s profitability, calculated by subtracting the cost of goods sold from the total revenue. 
  
  How to use it: 
  The standard profit feature of the SAP EPM-IM-FPL module can be used to quickly and accurately analyze a company’s financial performance. To use it, users must first enter their company’s total revenue and cost of goods sold into the system. The system will then calculate the standard profit by subtracting the cost of goods sold from the total revenue. 
  
  Tips & Tricks: 
  When using the standard profit feature of the SAP EPM-IM-FPL module, it is important to ensure that all data entered into the system is accurate and up-to-date. This will ensure that the results are as accurate as possible. Additionally, users should take into account any additional costs or expenses that may not be included in the cost of goods sold, such as taxes or shipping costs. 
  
  Related Information: 
  The SAP EPM-IM-FPL module also includes other features such as budgeting, forecasting, and variance analysis. Additionally, users can use the module to generate reports and visualizations to better understand their company’s financial performance. For more information on how to use these features, please refer to SAP’s official documentation.