Commitment management and fund management

hi kings
I am unable to understand the Commitment management and fund management. What is actual role and function , objectives. What is the importance and why we useing the commitment mangt and fund magt.
regards
ram

Hello
As far as controlling is concerned, it is used to enter and analyze commitments at an early stage and control them in the module.
Example Po's and PR lead to financial commitments and the costs would be incurred in future, so commitments are included in funds monitoring.
For integration CO and MM need to integrated. The tasks created in MM are transferred to CO.
You would have various activities in commitments.
Funds commitments can be created in IO for orders, projects, cost centers etc
As far as funds managements is concerned, you could create and execute budgets.You could budget revenues and expenditures for areas of responsibility.
Funds management need to integrated with BCS(budget control system),GL,SD and MM and CO.
Also, you could analyse the source and use of funds and monitor variance and means to check and control.
Reg
*assign points if useful

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Hello all,
we have the following problem: we use commitment management in PS. Our Purchase orders have setting for non valuated GR. So the costs are only recorded on PS with the Invoice receipt.
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The On Demand High Tech Vertical has a "Funds" object. Contact customer care and they can provision it for you.

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FUNDS MANAGEMENT
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management appropriation. Funds management capabilities
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profit is to control the budget efficiently. To do this, you need to estimate your sales income
reasonably accurately, estimate your costs precisely, and keep both under control. You also
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Please guide me how to do commitment item carryforward.
I've read thought SAP help, it said I need to do commitment item carryforward.
But I have no idea, what's the transaction code, what parameter to fill in..
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T code : CJCF - Carry Forward Commitment
Parameters: - Carrying Forward Commitments
To carry forward a commitment to the first period of the following fiscal year, proceed as follows:
Choose Accounting ® Controlling ® Cost Center Accounting ® Year-end closing ® Commitment carried forward.
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Test run
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Detail lists
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The Reversal indicator controls whether data that has already been carried forward should be reversed again or not.
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SAP help : - Year-End Closing Reports
The reports on year-end closing give you an overview of the closing operations (commitment carryforward and budget carryforward) with fiscal year change.
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We would like to activate commitment management for internal orders. Is there a process or program that exists to allow us to update the PO commitments that already exist? For example, PO 4500000001 was created with order 12345. At the time the PO was created, commitments was not active. Now, we have activated commitment management and want to see the committed PO amount in the commitment line item report for orders.
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Thanks
Kory

The config help indicates, it becomes active immediately.
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can anyone tell me the settings required to activate commitment management in internal orders.
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1) controlling area (activate commitment)
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siva

Hi
I am having the same problem about commitments at internal orders. I have done
the same settings that Mr. Siva did including KO31.
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Regards

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We are already using PM order without commitment management . What are issues and consequences if we activate it now?
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Yes it is..
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We need to activate Commitment management in CO area, before activating i must know what are the impacts, from FI module and other modules. if i activate what are all the components need to maintain like master data etc.....,
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Thanks and regards.
Sriram.

Hi,
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Hi
There is one issue came in to the picture in my company some persons have given the list of PO for which GL codes are not avilable and fund center coloum is also not avilable.
PO were created by selceting the acc. assignment cat. U . Where i can get the all information of these PO no. if cat is U for PO's so when this GL codes and fund center will come in to the picture.
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Regards,
Eli

Commitment management and fund management

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