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Edition for Finance Master Data in MDG

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Hello

 

I have a few questions on Utilization of Edition concept in Master Data Governance production. I know it is used to maintain period specific versions of a master data (Cost Center, Profit Center, GLs etc.).

 

My First Question is on the requirements of having a new Edition. When do you need a new Edition?

 

Why does the current Edition get closed when you create a new Edition? Why is an Edition a Global Entity and why can't I have multiple editions active at the same time on a particular day?

 

Basically we like to maintain multiple Cost Centre versions and do not prefer the Edition controlling their validity. mainly due to the fact that if I create a new edition, it ends the current edition and the validity of other master data of current edition also ends which is not desired.

 

If a business user wants to end the validity of a particular Cost Center, would you expect business user to create an edition and then create a new version of that cost centre under the new Edition?

 

Could you please share your experience on how Editions are being managed?

 

Regards

Pranav


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