What is 'EU rescission' in SAP FS-AM-OM-AC - Account Order?

EU rescission - Overview

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: A variant of the regular rescission order, which addresses the provisions of directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008.

EU rescission - Details

• 
  Key Concepts: 
  EU rescission is a feature in the SAP FS-AM-OM-AC Account Order Management component that allows users to cancel an order that has already been processed. This feature is useful for correcting errors or canceling orders that are no longer needed. 
  
  How to use it: 
  To use EU rescission, users must first select the order they wish to cancel. Then, they must enter the reason for the cancellation and confirm the cancellation. Once the cancellation is confirmed, the order will be removed from the system and any associated transactions will be reversed. 
  
  Tips & Tricks: 
  When using EU rescission, it is important to double-check all information before confirming the cancellation. This will help ensure that the correct order is being canceled and that all associated transactions are being reversed correctly. 
  
  Related Information: 
  For more information on EU rescission, users can refer to SAP's documentation on Account Order Management or contact their SAP support team.