What is posting key figure class in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: posting key figure class

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: A Balance Analyzer characteristic. A key figure class that determines to which journal and, within the financial position journal, to which position component for example, acquisition value, amortization, reserves for accrual a document row is posted. All key figure classes that are delivered by SAP and start with '55' are posting key figure classes. Posting key figure classes are assigned to posting key figure types.

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• Key Concepts: 
  Posting key figure classes are used in the Accounting for Financial Products (AFP) component of SAP to define the characteristics of a posting key figure. A posting key figure is a numerical value that is used to represent a financial transaction in the system. The posting key figure class defines the type of data that can be stored in the posting key figure, such as currency, quantity, or amount. 
  
  How to use it: 
  Posting key figure classes are used to define the characteristics of a posting key figure. To create a posting key figure class, go to the SAP Easy Access menu and select Financial Accounting > General Ledger > Posting Key Figure Classes. From there, you can create a new posting key figure class by entering the required information. 
  
  Tips & Tricks: 
  When creating a posting key figure class, make sure to enter all of the required information accurately. This will ensure that the posting key figure class is correctly defined and can be used for financial transactions. 
  
  Related Information: 
  For more information on how to use posting key figure classes in SAP, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_FINANCIALS/6.0/en-US/f3d8f9a7c2b14e8a9f3d7c2b1e5f9a7d.html