Explaining the Capabilities for Interest Simulation

Objectives

After completing this lesson, you will be able to:
  • Explain the SAP PSCD capabilities for interest simulation
  • Learn where to find information about interest calculation

Interest Simulation

By activating business function PSCD_INTSIM, you can do the following:

  • Simulate interest for a specific date using a dedicated report.
  • Display simulated interest items (interest that is due but has not yet been posted) in the business partner overview and in the account balance.
  • Generate clarification cases for predated payments (when the value date is in the past) during the payment process.
  • Manually or automatically process clarification cases to reverse interest that would not apply if the payment was known when the interest was posted.
  • Reset clearings that would have been cleared differently if the payment was known.
  • Reverse collection steps that would not have been taken if the payment was known.

Interest Calculation

This unit is designed to provide the learner with the following content:

  • Calculating interest
  • Configuring interest keys
  • Executing interest calculations

There is no specific SAP PSCD functionality that differs from the FI-CA Interest calculation interest capability described in BR240. Refer to BR240 for further details.