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  Budgeting Model 1 Locate this document in the navigation structure

This graphic is explained in the accompanying text.

2005 is the current fiscal year.

Data is recorded in Funds Management in the fiscal year and period in which the business transaction affects liquidity or profit (for example, when the invoice is received or payment goes out) or leads to a business transaction which has this effect (such as a purchase order).

Example Example

A purchase order posted in 2005 with delivery date in year 2006 commits funds in the budget for 2006.

End of the example.