Actual transaction data is posted only in Version 0.

You can maintain numerous planning versions and all versions are controlling area independent.

OKEQ - Maintain CO Versions

Start by setting the default controlling area Extra -> Set CO Area

There are a total of 6 settings :-

1.  General version definition

2.  Settings in operation concern

3.  Settings for Profit Center Accounting

4.  Settings in Controlling Area

5.  Settings for Fiscal Year

6.  Strategic Activity Based Costing : Delta Version

SAP FICO Reference Books:
SAP Financial and Controlling Interview Questions, Certification and Configuration, Books

Goto SAP CO Tips:
SAP Controlling

Back to SAP FI Tips:
SAP FI (Financial Accounting) Configuration Hints and Tips

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SAP ABAP/4 Programming, Basis Administration, Configuration Hints and Tips