What is 'application event category' in SAP FS-BA-PM-AFP - Accounting for Financial Products?

application event category - Overview

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Defines how the applications process application events. The application event categories predefined in the system are assigned to application event types.

application event category - Details

• 
  Key Concepts: 
  Application event category is a component of the SAP Financial Services – Banking and Payments (FS-BA-PM-AFP) module. It is used to define the type of event that has occurred in the system, such as a payment, a transfer, or a change in account status. This information is then used to trigger the appropriate business processes. 
  
  How to use it: 
  The application event category is used to define the type of event that has occurred in the system. This information is then used to trigger the appropriate business processes. For example, if a payment is made, the application event category will be set to “payment” and this will trigger the payment processing business process. 
  
  Tips & Tricks: 
  It is important to ensure that the application event category is set correctly for each transaction, as this will ensure that the correct business process is triggered. It is also important to ensure that all relevant information about the transaction is captured in the application event category, such as the type of transaction and any additional details. 
  
  Related Information: 
  The application event category is part of the SAP Financial Services – Banking and Payments (FS-BA-PM-AFP) module. It can be used in conjunction with other components of this module, such as payment processing and account management, to ensure that all relevant information about a transaction is captured and