What is one-dimensional period management in SAP FS-PM - Policy Management?

SAP Term: one-dimensional period management

• Component: FS-PM

• Component Name: Policy Management

• Description: A change to a business object creates a new version. Apart from the period management attributes journal number and journal end number, it is not possible to change the old version. It is not possible to reproduce an old version without losing the versions that come after the version to be reproduced. The new version is immediately valid, with the current date. Changes in the future or the past are not possible.

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• Key Concepts: 
  One-dimensional period management is a feature of the SAP FS-PM Policy Management component. It allows users to define and manage periods for policy management activities. This includes setting up and managing the start and end dates of policies, as well as defining the duration of each period. 
  
  How to use it: 
  To use one-dimensional period management, users must first define the periods they wish to manage. This can be done by entering the start and end dates of each period, as well as the duration of each period. Once the periods have been defined, users can then manage their policy activities within those periods. This includes setting up and managing policies, as well as tracking and monitoring policy performance. 
  
  Tips & Tricks: 
  When setting up one-dimensional period management, it is important to ensure that all periods are properly defined and that all policies are managed within those periods. Additionally, it is important to ensure that all policies are properly tracked and monitored in order to ensure that they are performing as expected. 
  
  Related Information: 
  For more information on one-dimensional period management in SAP FS-PM Policy Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FS_PM_POLICY_MANAGEMENT/latest/en-US