What is financial result in SAP PSM-FM - Funds Management?

SAP Term: financial result

• Component: PSM-FM

• Component Name: Funds Management

• Description: Result of the annual financial account, containing the actual amount of expenditures and revenues for one fiscal year. The annual financial account is the counterpart of the budget plan at the beginning of the year. Whereas the budget plan determines the planned expenditures and revenues, the annual annual financial account describes the expenditures that have actually been spent and the revenues that have actually been received.

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• Key Concepts: 
  Financial result is a term used in SAP Funds Management (PSM-FM) to refer to the net financial position of an organization. It is calculated by subtracting the total liabilities from the total assets of an organization. The financial result is an important indicator of the financial health of an organization and can be used to make decisions about investments, budgeting, and other financial matters.
  
  How to use it: 
  In SAP Funds Management, the financial result can be accessed by navigating to the “Financial Result” tab in the Funds Management module. This tab will display the total assets and liabilities of an organization, as well as the net financial result. This information can then be used to make decisions about investments, budgeting, and other financial matters.
  
  Tips & Tricks: 
  It is important to remember that the financial result is only one indicator of an organization’s financial health. Other factors such as cash flow, liquidity, and profitability should also be taken into account when making decisions about investments and budgeting.
  
  Related Information: 
  For more information on SAP Funds Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_PSM_FM/latest/en-US.