What is simulation in SAP FI - Financial Accounting?

SAP Term: simulation

• Component: FI

• Component Name: Financial Accounting

• Description: A step before creation and clearing execution, where data is displayed but not stored on the database. This step can be repeated multiple times for test purposes.

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• Key Concepts: 
  Simulation in SAP FI Financial Accounting is a tool that allows users to test out different scenarios and see how they would affect the financials of the company. It allows users to make changes to the data and see how it would affect the financials without actually making any changes to the actual data. This helps users to make informed decisions about their financials.
  
  How to use it: 
  Simulation in SAP FI Financial Accounting can be used by accessing the “Simulation” tab in the SAP FI Financial Accounting module. From there, users can select the data they want to simulate and make changes to it. Once they have made their changes, they can then view the results of their simulation and decide whether or not to implement the changes.
  
  Tips & Tricks: 
  When using simulation in SAP FI Financial Accounting, it is important to remember that the results of the simulation are only as accurate as the data that is entered into it. Therefore, it is important to ensure that all data entered into the simulation is accurate and up-to-date. Additionally, it is important to remember that simulations are only meant to be used as a guide and not as a definitive answer. 
  
  Related Information: 
  Simulation in SAP FI Financial Accounting is closely related to other tools such as forecasting and budgeting. Forecasting and budgeting allow users to plan for future financials based on current data, while simulation allows users to test out different scenarios and see how they would affect the financials without actually making any changes to the actual data.