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

SAP Term: determination type

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Customizing concept that is used to define how market data and generic market data are found.

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• Key Concepts: 
  Determination type is a feature of the Accounting for Financial Products (AFP) component of SAP. It is used to define the characteristics of a financial product, such as its type, currency, and maturity date. It also determines how the product is accounted for in the system. 
  
  How to use it: 
  Determination types are used to define the characteristics of a financial product in SAP. They are created in the Customizing application and can be assigned to a financial product when it is created. The determination type defines how the product is accounted for in the system, such as which accounts are used and how the transactions are posted. 
  
  Tips & Tricks: 
  When creating a determination type, it is important to ensure that all of the necessary fields are filled out correctly. This will ensure that the product is accounted for correctly in SAP. Additionally, it is important to keep track of all of the determination types that have been created, as they can be reused for other products. 
  
  Related Information: 
  For more information on determination types and how they are used in SAP, please refer to the SAP Help documentation or contact your local SAP support team.