What is change of legal form in SAP FS-AM - Account Management?

SAP Term: change of legal form

• Component: FS-AM

• Component Name: Account Management

• Description: Allows the legal successor to the previous account holder to become the new borrower.

Smart SAP Assistant

• Key Concepts: 
  Change of legal form is a process in SAP FS-AM Account Management that allows companies to change their legal form without having to create a new company code. This process is used when a company changes its legal form, such as from a sole proprietorship to a corporation. 
  
  How to use it: 
  In order to use the change of legal form process, the company must first create a new company code in SAP. Once the new company code is created, the company can then use the change of legal form process to transfer all of its data from the old company code to the new one. This process will ensure that all of the data is transferred correctly and that no data is lost in the transition. 
  
  Tips & Tricks: 
  When using the change of legal form process, it is important to ensure that all of the necessary documents are in place before beginning the process. This includes any documents related to the change of legal form, such as contracts or agreements. Additionally, it is important to ensure that all of the data is transferred correctly and that no data is lost in the transition. 
  
  Related Information: 
  For more information on how to use the change of legal form process in SAP FS-AM Account Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide step-by-step instructions on how to use this process.