What is local planning in SAP IM - Investment Management?

SAP Term: local planning

• Component: IM

• Component Name: Investment Management

• Description: Planning and management accounting at the company level. Local planning is performed by planners and cost accountants in local subsidiaries. From a technical perspective, local planning normally is carried out using the functions of the component in an SAP R/3 System on the the investment programs, appropriation requests and measures that are defined there.

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• Key Concepts: 
  Local planning is a component of SAP Investment Management (IM) that enables users to plan and manage investments in a local currency. It allows users to define and manage investment plans, budgeting, and forecasting in their local currency. It also provides the ability to track and analyze investments in different currencies. 
  
  How to use it: 
  Local planning can be used to create investment plans, budgeting, and forecasting in a local currency. It also provides the ability to track and analyze investments in different currencies. The user can define the currency for each investment plan, budget, or forecast. The user can also set up different currencies for different investments. 
  
  Tips & Tricks: 
  When setting up local planning, it is important to ensure that the currency used is consistent across all investments. This will help ensure that all investments are tracked accurately and that any changes in exchange rates are taken into account. Additionally, it is important to keep track of any changes in exchange rates as this could affect the value of investments over time. 
  
  Related Information: 
  For more information on local planning in SAP Investment Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_INVESTMENT_MANAGEMENT/7.5/en-US