What is application journal in SAP FS-PM - Policy Management?

SAP Term: application journal

• Component: FS-PM

• Component Name: Policy Management

• Description: Documents the amendments that are performed on the application business object. It is kept for each application status after the application object is generated. The application journal is used to accurately follow the progression of application processing.

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• Key Concepts: 
  Application journal is a component of the FS-PM Policy Management module in SAP. It is a tool that allows users to track and document changes made to policies and procedures. It stores information about the changes, such as who made them, when they were made, and what the changes were. This information can then be used to audit and review policy changes. 
  
  How to use it: 
  To use the application journal, users must first create a policy or procedure that they want to track. Once the policy or procedure has been created, users can then enter information into the application journal about any changes that are made to it. This includes who made the change, when it was made, and what the change was. 
  
  Tips & Tricks: 
  When entering information into the application journal, it is important to be as detailed as possible. This will make it easier for auditors and reviewers to understand what changes were made and why. Additionally, it is important to keep the application journal up-to-date so that all changes are documented accurately. 
  
  Related Information: 
  The application journal is part of the FS-PM Policy Management module in SAP. Other components of this module include policy templates, policy management tools, and policy enforcement tools. Additionally, there are other modules in SAP that can be used to track and document changes such as Change Management and Configuration Management.