What is accounting object product in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: accounting object product

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: A group of accounting objects that can be described using the same descriptive characteristics and key figures. A dividend can be depicted as a key figure in the accounting object product "stock" for example, and the accounting object product "bond" would have the key figure "nominal interest rate".

Smart SAP Assistant

• Key Concepts: 
  Accounting Object Product is a component of the SAP Financial Services (FS) Business Application Platform (BA) Portfolio Management (PM) Accounting for Financial Products (AFP). It is used to manage the accounting of financial products, such as loans, deposits, and investments. It enables the creation of accounting documents for financial products and provides a comprehensive view of the financial product's accounting status. 
  
  How to use it: 
  Accounting Object Product can be used to create accounting documents for financial products. It also provides a comprehensive view of the financial product's accounting status. This includes information on the current balance, open items, and any transactions that have been made. Additionally, it can be used to generate reports on the financial product's performance and to analyze its profitability. 
  
  Tips & Tricks: 
  When using Accounting Object Product, it is important to ensure that all transactions are accurately recorded and that all relevant information is included in the reports generated. Additionally, it is important to regularly review the financial product's performance and profitability in order to identify any potential issues or opportunities for improvement. 
  
  Related Information: 
  For more information on Accounting Object Product, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are a number of online resources available which provide further information on this component of SAP Financial Services.