What is accounting change in SAP FS-FPS - Financial Products Subledger?

SAP Term: accounting change

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: A change in the balance of a subledger account group between two evaluation dates. &EXAMPLE& Initial recognition Change in valuation approach Subsequent measurement Derecognition

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• Key Concepts: 
  Accounting change is a feature of the Financial Products Subledger (FS-FPS) component of SAP. It allows users to make changes to the accounting entries of financial products, such as loans, without having to manually adjust the underlying transactions. This feature helps to ensure that the accounting entries are accurate and up-to-date.
  
  How to use it: 
  To use the accounting change feature, users must first set up the FS-FPS component in SAP. Once this is done, users can access the accounting change feature from the FS-FPS menu. From there, they can select the financial product they wish to make changes to and enter the necessary information.
  
  Tips & Tricks: 
  When making changes to an accounting entry, it is important to ensure that all of the information is accurate and up-to-date. Additionally, it is important to keep track of any changes made so that they can be easily reversed if necessary.
  
  Related Information: 
  The accounting change feature is part of the Financial Products Subledger (FS-FPS) component of SAP. It is also related to other features such as loan origination and loan servicing.