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commitment

Controlling (CO)

Contractual or scheduled commitment that is not yet reflected in Financial Accounting but that will lead to actual expenditures in the future.

Commitment management allows you an early recording and analysis of such commitments for their cost and financial effects.

Commitments can be entered for the following objects:

• CO production orders

• Production orders

• Internal orders

• Maintenance orders

• Sales orders

• Cost centers

• Networks

• Network activities

• Projects (WBS elements)

Financial Accounting (FI)

All types of commitments and liabilities such as:

• outstanding orders (delivery commitment for confirmed orders)

• open purchase orders (acceptance commitment from binding orders)

• bill liability (total bill of exchange commitments at a bank)

Treasury Management (TR-TM)

Representation of Treasury positions at business partner or company code level.