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

SAP Term: object position

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Currency position for non-monetary items such as stocks. Each object position relates to one type of object only.

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• Key Concepts: 
  Object position is a term used in the SAP FS-BA-PM-AFP Accounting for Financial Products component. It is a type of accounting document that is used to record the movement of financial products, such as stocks, bonds, and derivatives. It is used to track the current position of a financial product and its associated transactions. 
  
  How to use it: 
  Object position documents are created in SAP when a financial product is bought or sold. The document contains information about the transaction, such as the date, the amount of money involved, and the type of product. This information is then used to update the object position document and track the current position of the financial product. 
  
  Tips & Tricks: 
  When creating an object position document in SAP, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that the document reflects the current position of the financial product accurately. 
  
  Related Information: 
  Object position documents are closely related to other types of accounting documents, such as balance sheets and income statements. These documents provide additional information about a company's financial position and can be used in conjunction with object position documents to gain a better understanding of a company's financial health.