What is elementary step category in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: elementary step category

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Classifies elementary steps in funds transfer pricing. These steps include the derivation of the market dat set, and the calculation of averages.

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• Key Concepts: 
  Elementary step category is a component of the Accounting for Financial Products (AFP) module in SAP. It is used to define the steps that are necessary to process a financial product. This includes the steps for creating, changing, and deleting a financial product. 
  
  How to use it: 
  The elementary step category is used to define the steps that are necessary to process a financial product. This includes the steps for creating, changing, and deleting a financial product. The elementary step category can be used to define the order in which the steps should be executed and also to define which steps are mandatory or optional. 
  
  Tips & Tricks: 
  When defining an elementary step category, it is important to consider the order in which the steps should be executed and also to define which steps are mandatory or optional. This will ensure that all necessary steps are taken when processing a financial product. 
  
  Related Information: 
  For more information on the Accounting for Financial Products (AFP) module in SAP, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide detailed information on how to use this module.