What does "Copy Final Year Forward" achieve in a planning setup?

The selection of transferring all values and formulas from the previous year is accurate because the "Copy Final Year Forward" feature is designed to facilitate forecasting and planning by taking the final year of actual or planned data and using it as a basis for the upcoming year. This means that not only data points but also all underlying formulas, assumptions, and calculations are carried over, allowing for continuity in the planning process.

This approach is particularly useful for organizations that are working with cyclic budgets or forecasts, as it enables them to easily project the next period’s figures based on the previously established data without needing to recreate each item from scratch.

Using this function streamlines the process, ensuring that the new planning year remains consistent with prior data while also providing a foundation that can be adjusted as needed in response to changes in strategy, market conditions, or business goals. Hence, the outcome of "Copy Final Year Forward" provides a comprehensive snapshot that enhances accuracy and efficiency in the planning setup.