Authorize Cost Budget – A summary of the activity

This activity allows you to authorize a cost budget. A budget is effective only if it is authorized. Once a budget is authorized, analysis reporting, generation of the cost center – activity element rates or generation of standard item costs on budgeted figures is possible. You can authorize a budget that is in the “Fresh” status. The system updates the status of the budget as “Active” on authorization.

This activity allows you to modify the details of the budget during the authorization process. This activity also allows you to distribute the budgeted values of a “Period” budget based on an “Aggregate” budget and a seasonal adaptation pattern. You can also modify the details of the seasonal adaptation pattern. This activity also allows you to record your observations regarding the budget.

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