What is appropriation request in SAP IM - Investment Management?

SAP Term: appropriation request

• Component: IM

• Component Name: Investment Management

• Description: A request for conducting an investment measure or other measure that has to be assessed and approved by one or more positions within an enterprise, primarily because of the high costs involved. A relatively long period of time is normally set aside for this process. Typically, appropriation requests are submitted in the year before their intended implementation, for the annual investment plan. An appropriation request can be made for any type of measure that involves initial costs with possible benefits resulting at a later date for example, investment in fixed assets, research and development, or large-scale repair projects.

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• Key Concepts: 
  An appropriation request is a document used in SAP Investment Management (IM) to request funds for a project or activity. It is used to track the budget and expenditure of a project, and to ensure that the funds are allocated correctly. The appropriation request is created by the project manager and approved by the responsible financial manager. 
  
  How to use it: 
  To create an appropriation request in SAP IM, the project manager must first enter the details of the project, such as the budget, start date, end date, and any other relevant information. Once this is done, the appropriation request can be submitted for approval. The financial manager will then review the request and either approve or reject it. If approved, the funds will be allocated to the project. 
  
  Tips & Tricks: 
  When creating an appropriation request, it is important to provide as much detail as possible. This will help ensure that the financial manager has all of the necessary information to make an informed decision. Additionally, it is important to keep track of all appropriation requests and their status so that you can easily monitor the budget and expenditure of your projects. 
  
  Related Information: 
  For more information on appropriation requests in SAP IM, please refer to SAP’s official documentation on Investment Management. Additionally, there are many online resources available that provide detailed tutorials on how to create and manage appropriation requests in SAP IM.