What is 'earned profit' in SAP SRD-FIN-COR - FIN-Cost and Revenue?

earned profit - Overview

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: Profit that was actually earned based on the data posted in accounting.

earned profit - Details

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  Key Concepts: 
  Earned profit is a term used in SAP's SRD-FIN-COR FIN-Cost and Revenue Accounting component. It is the difference between the total revenue earned from a product or service and the total cost of producing it. It is also known as net income or net profit. 
  
  How to use it: 
  In SAP, earned profit can be calculated by subtracting the total cost of producing a product or service from the total revenue earned from it. This calculation can be done manually or automatically using SAP's SRD-FIN-COR FIN-Cost and Revenue Accounting component. 
  
  Tips & Tricks: 
  It is important to accurately calculate earned profit in order to make informed decisions about pricing and production costs. Additionally, it is important to track earned profit over time in order to identify trends and make adjustments as needed. 
  
  Related Information: 
  Earned profit is closely related to gross profit, which is the difference between the total revenue earned from a product or service and the cost of goods sold (COGS). Additionally, earned profit is an important metric for measuring a company's financial performance.