What is account holder change reason in SAP FS-AM-CM-AC - Account?

SAP Term: account holder change reason

• Component: FS-AM-CM-AC

• Component Name: Account

• Description: The reason why the business partner in the role of account holder is changed for an existing account. Possible account holder change reasons include: Changed legal form for a company holder has reached the age of majority Death of the account holder Change from an individual account to a joint account or vice versa

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• Key Concepts: 
  Account holder change reason is a component of SAP Financial Services Asset Management (FS-AM) that allows users to track and document changes in account holders. This component is used to record the reasons for changes in account holders, such as when an account is transferred from one person to another. It also allows users to track the history of changes in account holders. 
  
  How to use it: 
  To use the account holder change reason component, users must first enter the details of the change in the system. This includes the date of the change, the name of the new account holder, and the reason for the change. Once this information is entered, users can view a list of all changes in account holders and their reasons. 
  
  Tips & Tricks: 
  When entering information about a change in an account holder, it is important to be as detailed as possible. This will help ensure that all changes are accurately tracked and documented. Additionally, it is important to keep track of all changes in order to ensure that all accounts are up-to-date and accurate. 
  
  Related Information: 
  The account holder change reason component is part of SAP Financial Services Asset Management (FS-AM). Other components of FS-AM include asset accounting, asset management, and asset valuation. Additionally, FS-AM can be used to manage investments, loans, and other financial assets.