What is financial plan in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: financial plan

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: An estimate of a company’s future financial key figures for a particular set of books and planning horizon.

Smart SAP Assistant

• Key Concepts: 
  Financial planning in SAP is a process of creating a budget and forecasting future financial performance. It involves setting goals, analyzing current financial data, and predicting future financial performance. The SRD-FIN-COR FIN-Cost and Revenue Planning component of SAP enables users to create and manage financial plans. 
  
  How to use it: 
  The SRD-FIN-COR FIN-Cost and Revenue Planning component of SAP allows users to create and manage financial plans. This includes setting goals, analyzing current financial data, and predicting future financial performance. The component also provides tools for budgeting, forecasting, and reporting. 
  
  Tips & Tricks: 
  When creating a financial plan in SAP, it is important to consider the long-term goals of the organization. Additionally, it is important to ensure that the data used for analysis is accurate and up-to-date. Finally, it is important to review the plan regularly to ensure that it is still relevant and accurate. 
  
  Related Information: 
  The SRD-FIN-COR FIN-Cost and Revenue Planning component of SAP is part of the larger SAP Financials suite of products. Other components include Accounts Payable, Accounts Receivable, General Ledger, and Asset Accounting. Additionally, there are several other tools available in SAP that can be used in conjunction with the Financial Planner component to further enhance its capabilities.