What is 'forecast posting scheme' in SAP SRD-FIN-COR - FIN-Cost and Revenue?

forecast posting scheme - Overview

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: A defined series of automatically executed posting steps that is used in forecasting processes to enable comparison of forecasts with actuals.

forecast posting scheme - Details

• 
  Key Concepts: 
  Forecast posting scheme is a feature of SAP's SRD-FIN-COR FIN-Cost and Revenue Accounting component. It allows users to create a forecast of their expected costs and revenues for a given period of time. This forecast can then be used to compare actual costs and revenues against the forecasted values. This helps users to identify any discrepancies between the two and take corrective action if necessary. 
  
  How to use it: 
  To use the forecast posting scheme, users must first create a forecast of their expected costs and revenues for a given period of time. This can be done by entering the expected values into the relevant fields in the SAP system. Once the forecast is created, users can then compare their actual costs and revenues against the forecasted values. If there are any discrepancies between the two, users can take corrective action as needed. 
  
  Tips & Tricks: 
  When creating a forecast, it is important to ensure that all expected costs and revenues are accurately entered into the system. This will help to ensure that any discrepancies between actual and forecasted values are identified quickly and corrective action can be taken as needed. Additionally, it is important to regularly review and update the forecast as needed in order to ensure that it remains accurate. 
  
  Related Information: 
  For more information on using the forecast posting scheme