What is settlement date in SAP FI-AF-ARO - Asset Retirement Obligation Management?

SAP Term: settlement date

• Component: FI-AF-ARO

• Component Name: Asset Retirement Obligation Management

• Description: The expected due date of a payment that is required to settle the retirement costs for an asset retirement obligation.

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• Key Concepts: 
  Settlement date is a term used in SAP FI-AF-ARO Asset Retirement Obligation Management. It is the date on which an asset retirement obligation (ARO) is settled. This date is used to determine when the ARO should be recognized in the financial statements. 
  
  How to use it: 
  The settlement date is used to calculate the amount of the ARO that should be recognized in the financial statements. The settlement date is also used to determine when the ARO should be paid off. The settlement date can be set manually or automatically based on the terms of the ARO. 
  
  Tips & Tricks: 
  It is important to ensure that the settlement date is accurate and up-to-date. This will ensure that the ARO is recognized and paid off in a timely manner. 
  
  Related Information: 
  The settlement date is related to other terms such as the recognition date, payment date, and expiration date. These terms are all used to determine when an ARO should be recognized and paid off.