What is currency position income statement in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: currency position income statement

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: An anonymous foreign currency position that is generated by the "move" step in multicurrency accounting for expenses, revenue, and results. The valuation affects net income. &EXAMPLE& Processing of interest in foreign currency.

Smart SAP Assistant

• Key Concepts: 
  Currency position income statement is a financial statement that shows the net income of a company in different currencies. It is used to measure the performance of a company in different currencies and to compare the performance of different companies in different currencies. The currency position income statement is part of the Accounting for Financial Products (AFP) component of SAP's Financial Services Business Application (FS-BA). 
  
  How to use it: 
  The currency position income statement can be used to compare the performance of a company in different currencies. It can also be used to measure the performance of different companies in different currencies. The currency position income statement can be accessed through the SAP Financial Services Business Application (FS-BA). 
  
  Tips & Tricks: 
  When using the currency position income statement, it is important to remember that it only shows the net income of a company in different currencies. It does not show other financial information such as assets, liabilities, or cash flow. 
  
  Related Information: 
  The currency position income statement is part of the Accounting for Financial Products (AFP) component of SAP's Financial Services Business Application (FS-BA). Other components of FS-BA include Asset Management, Banking, and Insurance.