What is retroactive change in SAP (FS-PM - Policy Management)?

SAP Term: retroactive change

• Component: FS-PM

• Component Name: Policy Management

• Description: Change started before the effective date for the last policy version.

Smart SAP Assistant

• Key Concepts: 
  Retroactive change is a feature of SAP FS-PM Policy Management that allows users to make changes to existing policies and have those changes applied to past transactions. This feature is useful for making corrections to policies that have already been applied, or for making changes to policies that have already been used in the past. 
  
  How to use it: 
  To use the retroactive change feature, users must first select the policy they wish to modify. Once the policy has been selected, users can then make the desired changes and save them. The changes will then be applied to all transactions that have already been processed using the policy. 
  
  Tips & Tricks: 
  When using the retroactive change feature, it is important to remember that any changes made will be applied to all transactions that have already been processed using the policy. Therefore, it is important to ensure that any changes made are accurate and do not cause any unintended consequences. 
  
  Related Information: 
  For more information on retroactive change in SAP FS-PM Policy Management, please refer to the SAP Help documentation.