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

SAP Term: event

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Message to Hedge Management, from IAS Accounting, regarding the: Update of internal business transactions as part of a designation of dissolution of a hedging relationship Closing of a valuation period after the key date valuation of a portfolio hedging relationship

Smart SAP Assistant

• Key Concepts: 
  An event in SAP FS-BA-PM-AFP Accounting for Financial Products is a type of transaction that occurs when a financial product is created, modified, or terminated. Events are used to track the changes that occur in the life cycle of a financial product and to ensure that all relevant information is captured and stored. 
  
  How to use it: 
  Events are used to track changes in the life cycle of a financial product. When an event occurs, the relevant information is captured and stored in the system. This information can then be used to generate reports and analyze the performance of the financial product. 
  
  Tips & Tricks: 
  It is important to ensure that all events are properly recorded in the system. This will help ensure that all relevant information is captured and stored, and that reports can be generated accurately. 
  
  Related Information: 
  For more information on events in SAP FS-BA-PM-AFP Accounting for Financial Products, please refer to the official SAP documentation.