What is calculation procedure class in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: calculation procedure class

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: A grouping of multiple procedure templates that is also used to structure Customizing. The assignment of each of these procedure templates to a calculation procedure class is provided by SAP. &EXAMPLE& Component transfer Accruals

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• Key Concepts: 
  Calculation procedure class is a component of the Accounting for Financial Products (FS-BA-PM-AFP) module in SAP. It is used to define the calculation logic for financial products such as loans, mortgages, and other financial instruments. The calculation procedure class defines the parameters and conditions that are used to calculate the interest rate, repayment amount, and other related values. 
  
  How to use it: 
  To use the calculation procedure class, first create a new calculation procedure class in the SAP system. Then, define the parameters and conditions that will be used in the calculation. Finally, assign the calculation procedure class to the financial product that needs to be calculated. 
  
  Tips & Tricks: 
  When creating a new calculation procedure class, make sure to include all relevant parameters and conditions that will be used in the calculation. This will ensure that all calculations are accurate and up-to-date. 
  
  Related Information: 
  For more information on how to use the calculation procedure class in SAP, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.