What is simulation in SAP FI-PRA - Predictive Accounting?

SAP Term: simulation

• Component: FI-PRA

• Component Name: Predictive Accounting

• Description: The process of predicting which follow-on documents must be created in a process using predictive accounting. For example, in the sales process, for the system to create the necessary predictive journal entries for a sales order, the system simulates the goods issue and billing document.

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• Key Concepts: 
  Simulation is a feature of the FI-PRA Predictive Accounting component of SAP software. It allows users to create and test different scenarios in order to predict the financial impact of certain decisions. This helps users make informed decisions and plan for the future. 
  
  How to use it: 
  Simulation can be used to create different scenarios and test their financial impact. This can be done by entering different values into the simulation tool and then running the simulation to see the results. The results can then be used to make informed decisions about future plans. 
  
  Tips & Tricks: 
  When using simulation, it is important to remember that the results are only as accurate as the data entered into the tool. Therefore, it is important to ensure that all data entered is accurate and up-to-date in order to get the most accurate results. 
  
  Related Information: 
  The FI-PRA Predictive Accounting component of SAP software also includes other features such as forecasting, budgeting, and reporting. These features can be used in conjunction with simulation in order to get a more comprehensive view of the financial impact of certain decisions.