What is certification report in SAP PSM-EC - Expenditure Certification?

SAP Term: certification report

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: The ouptut of a certification run, contained in a certification list. A certification report consists of a statement of the individual expenditures involved in the certification run and a calculation of the contributions involved.

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• Key Concepts: 
  A certification report is a document generated by the SAP PSM-EC Expenditure Certification component. It is used to certify that all expenditures related to a project have been properly accounted for and approved. The report includes details such as the project name, the total amount of expenditures, and the date of certification. 
  
  How to use it: 
  The certification report is generated by the SAP PSM-EC Expenditure Certification component. To generate the report, users must enter the project name and select the “Generate Report” button. The report will then be generated and can be printed or saved for future reference. 
  
  Tips & Tricks: 
  It is important to review the certification report carefully before signing off on it. Make sure that all expenditures are properly accounted for and that all amounts are correct. Additionally, make sure that all approvals have been obtained before signing off on the report. 
  
  Related Information: 
  The SAP PSM-EC Expenditure Certification component is part of the SAP Project System module. It is used to manage and track project-related expenditures, including budgeting, forecasting, and reporting. Additionally, it can be used to generate reports such as cost analysis reports and project status reports.