What is method in SAP FS-PM - Policy Management?

SAP Term: method

• Component: FS-PM

• Component Name: Policy Management

• Description: Calculation or processing rule that is assigned to a specific product module. Methods work on live data and can also use product data. Methods can create, delete and change live data, objects and relationships. A mathematical function is assigned to each method. These functions can contain open variables that must be filled when assigning to a method.

Smart SAP Assistant

• Key Concepts: 
  A method in SAP FS-PM Policy Management is a set of rules and procedures that define how a policy should be implemented. It is used to ensure that the policy is applied consistently across the organization. The method defines the steps that need to be taken in order to implement the policy, as well as any additional information that may be needed. 
  
  How to use it: 
  In order to use a method in SAP FS-PM Policy Management, it must first be created. This can be done by selecting the “Create Method” option from the main menu. Once the method has been created, it can then be assigned to a policy. This will ensure that the policy is implemented according to the rules and procedures defined in the method. 
  
  Tips & Tricks: 
  When creating a method in SAP FS-PM Policy Management, it is important to ensure that all of the necessary information is included. This includes any additional information that may be needed in order to properly implement the policy. Additionally, it is important to review the method regularly in order to ensure that it is up-to-date and still relevant. 
  
  Related Information: 
  For more information on methods in SAP FS-PM Policy Management, please refer to the official documentation available on the SAP website. Additionally, there are many online resources available which provide further guidance on how to create and use methods in SAP FS-PM Policy Management.