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

SAP Term: application event type

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Groups together the application events that relate to the same business event type and that are to be processed in the same way. Application event types are defined by a combination of application and applicatin event category.

Smart SAP Assistant

• Key Concepts: 
  Application event type is a feature of the FS-BA-PM-AFP Accounting for Financial Products component of SAP. It is used to define the type of event that triggers an accounting document. This allows for the automatic creation of accounting documents when certain events occur, such as when a contract is signed or when a payment is made. 
  
  How to use it: 
  To use application event type, first define the event that will trigger the accounting document. This can be done in the SAP system by navigating to the FS-BA-PM-AFP Accounting for Financial Products component and selecting “Define Application Event Type”. Then, enter the details of the event, such as the name and description, and save it. 
  
  Tips & Tricks: 
  When defining an application event type, it is important to ensure that all relevant information is included in order for the accounting document to be created correctly. Additionally, it is important to ensure that all necessary fields are filled out correctly in order for the document to be created successfully. 
  
  Related Information: 
  For more information on application event type and how to use it, please refer to SAP’s official documentation on FS-BA-PM-AFP Accounting for Financial Products. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.