What is scenario reference date in SAP FS-FPS - Financial Products Subledger?

SAP Term: scenario reference date

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: The date up to which runs for forecasting, planning, or simulation use the results from subledger accounting, or runs for planning use the results of the underlying forecasting run if required. The scenario reference date refers to a specific forecasting, planning, or simulation scenario.

Smart SAP Assistant

• Key Concepts: 
  The Scenario Reference Date (SRD) is a key concept in the Financial Products Subledger (FS-FPS) component of SAP. It is used to define the date on which all transactions and postings are to be evaluated. The SRD is used to determine the current status of a financial product, such as its value, maturity date, and other characteristics. 
  
  How to use it: 
  The SRD is set by the user when creating a financial product in SAP. It can be changed at any time, but all transactions and postings must be evaluated based on the SRD. For example, if a financial product has a maturity date of June 30th, but the SRD is set to July 1st, then the product will be considered matured on July 1st. 
  
  Tips & Tricks: 
  When setting the SRD, it is important to consider the impact it will have on all transactions and postings. For example, if a financial product has a maturity date of June 30th and the SRD is set to July 1st, then any transactions or postings made after July 1st will not be considered when evaluating the product's status. 
  
  Related Information: 
  The SRD is closely related to other concepts in SAP such as valuation dates and posting dates. It is important to understand how these concepts interact with each other in order to properly use the SRD in SAP. Additionally, it is important to understand how the SRD affects other components of SAP such as accounting and reporting.