What is RIB calculation formula in SAP (PSM-FM-BCS - Budget Control System)?

SAP Term: RIB calculation formula

• Component: PSM-FM-BCS

• Component Name: Budget Control System

• Description: A formula used for the calculation of the amount available for revenues increasing the budget RIB. The RIB calculation formula is used, for example, to create RIB documents. RIB calculation formulas are defined in Customizing, enabling you to specify percentages and upper/lower limits for using your organization's revenues to increase the available budget.

Smart SAP Assistant

• Key Concepts: 
  RIB calculation formula is a component of the Budget Control System (BCS) in SAP. It is used to calculate the budgeted amount for a particular cost element or cost center. The formula takes into account the budgeted amount, the actual amount, and the remaining budgeted amount. 
  
  How to use it: 
  The RIB calculation formula can be used to calculate the budgeted amount for a particular cost element or cost center. To do this, enter the budgeted amount, actual amount, and remaining budgeted amount into the formula. The formula will then calculate the budgeted amount for the cost element or cost center. 
  
  Tips & Tricks: 
  When using the RIB calculation formula, it is important to ensure that all of the data entered is accurate and up-to-date. This will ensure that the calculated budgeted amount is accurate and reliable. 
  
  Related Information: 
  For more information on using the RIB calculation formula in SAP, please refer to SAP's official documentation on Budget Control System (BCS).