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

SAP Term: disclosure

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Event in which the Hedge Management component informs the IAS Accounting component about a hedging relationship. In this event, primary business transactions are generated in Hedge Management, and are transferred to IAS Accounting. The business status of the hedging relationship changes from "Pending" to "Designated". The designation and dedesignation of hedging relationships are a part of the disclosure event.

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• Key Concepts: 
  Disclosure in SAP FS-BA-PM-AFP Accounting for Financial Products is the process of providing information to stakeholders about the financial performance of a company. This includes providing information about the company’s assets, liabilities, income, expenses, and other financial activities. The disclosure process is important for stakeholders to understand the financial health of a company and make informed decisions. 
  
  How to use it: 
  In SAP FS-BA-PM-AFP Accounting for Financial Products, disclosure is done through the use of financial statements. These statements provide detailed information about the company’s financial performance and are used to inform stakeholders about the company’s financial health. The statements include the balance sheet, income statement, cash flow statement, and statement of changes in equity. 
  
  Tips & Tricks: 
  When preparing financial statements for disclosure in SAP FS-BA-PM-AFP Accounting for Financial Products, it is important to ensure that all information is accurate and up to date. Additionally, it is important to ensure that all relevant information is included in the statements so that stakeholders can make informed decisions. 
  
  Related Information: 
  The disclosure process in SAP FS-BA-PM-AFP Accounting for Financial Products is regulated by the International Financial Reporting Standards (IFRS). These standards provide guidance on how companies should prepare their financial statements for disclosure. Additionally, companies must adhere to local laws and regulations when preparing their financial statements for disclosure.