What is CIBE in SAP PSM-FM - Funds Management?

SAP Term: CIBE

• Component: PSM-FM

• Component Name: Funds Management

• Description: A legal register that provides rules and methods relating to asset appraisal and amortization in accordance with Portaria nº 671/2000 published on April 17, 2000 valid for Public Sector. In Portuguese, CIBE stands for Cadastro e Inventário dos Bens do Estado. The objective of the CIBE is to define inventory criteria for the new funds accounting standard, and to establish uniform inventory and accounting practices affecting movable assets, vehicles, real estate, and state rights, to enable preparation of the statuatory financial statements.

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• Key Concepts: 
  CIBE stands for Commitment Item Budgeting and Encumbrance. It is a feature of the Funds Management component of SAP PSM-FM (Public Sector Management - Funds Management) that allows users to plan and manage their budget commitments. CIBE enables users to create budget plans, track budget commitments, and monitor budget performance. 
  
  How to use it: 
  To use CIBE, users must first create a budget plan. This plan will include the budget items, such as personnel costs, materials costs, and other expenses. Once the budget plan is created, users can then enter the budget commitments for each item. This will allow them to track their budget commitments and monitor their budget performance. 
  
  Tips & Tricks: 
  When creating a budget plan, it is important to consider the long-term goals of the organization. This will help ensure that the budget plan is realistic and achievable. Additionally, it is important to regularly review the budget plan to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  For more information on CIBE and Funds Management in SAP PSM-FM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/PSM_FM/latest/en-US.