What is alternative reclassification date in SAP FIN-FSCM-TRM - Treasury and Risk Management?

SAP Term: alternative reclassification date

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: Hedging reserve and cost of hedging reserve amounts that were accumulated and frozen at the balance sheet recognition date are reclassified at the alternative reclassification date. This alternative date is derived from the designation splitting settings made in the hedging area.

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• Key Concepts: 
  Alternative reclassification date is a feature in SAP Treasury and Risk Management (FIN-FSCM-TRM) that allows users to reclassify transactions with a different date than the original transaction date. This feature is useful for companies that need to adjust their financial statements to reflect changes in the market or other external factors. 
  
  How to use it: 
  To use the alternative reclassification date feature, users must first set up the feature in the system. This can be done by navigating to the “Reclassification” tab in the Treasury and Risk Management module and selecting “Alternative Reclassification Date” from the drop-down menu. Once this is done, users can then select a new date for any transaction they wish to reclassify. 
  
  Tips & Tricks: 
  When using the alternative reclassification date feature, it is important to remember that any changes made will be reflected in all reports and documents related to the transaction. Therefore, it is important to double-check all documents before making any changes. Additionally, it is important to note that any changes made with this feature will not be reflected in the original transaction date. 
  
  Related Information: 
  For more information on alternative reclassification dates, please refer to SAP’s official documentation on Treasury and Risk Management (FIN-FSCM-TRM). Additionally, there are many online resources available that provide detailed instructions on how to use this feature.