SAP ABAP IMG Activity SIMG_PSFMG_V_FM023R (Define Interest Rates and CVFR)
Hierarchy
☛ EA-PS (Software Component) SAP Enterprise Extension Public Services
   ⤷ PSM-FM (Application Component) Funds Management
     ⤷ FMFG_E (Package) US Federal Government budgetary ledger account derivation
IMG Activity
ID SIMG_PSFMG_V_FM023R Define Interest Rates and CVFR  
Transaction Code S_ALN_01000893   (empty) 
Created on 20020204    
Customizing Attributes SIMG_PSFMG_V_FM023R   Define Interest Rates and CVFR 
Customizing Activity SIMG_PSFMG_V_FM023R   Define Interest Rates and CVFR 
Document
Document Class SIMG   Hypertext: Object Class - Class to which a document belongs.
Document Name SIMG_PSFMG_V_FM023R    

This step allows you to determine the percentage of the penalty interest rate. Penalty interest must be paid on overdue invoices that are subject to the Prompt Payment Act. The penalty interest rates are time-dependent. The program calculates penalty interest with one interest rate. This rate is the one which is valid on the first day of the penalty interest period.

Activities

In the "Define Penalty Interest Rate and CVFR" overview, choose New Entries and specify the following:

  • Date from which the rate entered is to apply
  • Rate type

    This is the penalty interest rate or the current value of funds rate (CVFR).

  • The percentage rate for the calculation of the penalty interest or the CVFR currently in force.

Further notes

Further information on how to calculate penalty interest is available in the SAP library under Financials -> Public Sector Management -> US Federal Government -> Prompt Payment Act.

Business Attributes
ASAP Roadmap ID 204   Establish Functions and Processes 
Mandatory / Optional 2   Optional activity 
Critical / Non-Critical 2   Non-critical 
Country-Dependency I   Valid for countries specified 
Customizing Attributes Country Key Country Name
SIMG_PSFMG_V_FM023R US USA
Assigned Application Components
Documentation Object Class Documentation Object Name Current line number Application Component Application Component Name
SIMG SIMG_PSFMG_V_FM023R 0 ALN0000204 US Prompt Payment Act 
Maintenance Objects
Maintenance object type C   Customizing Object 
Assigned objects
Customizing Object Object Type Transaction Code Sub-object Do not Summarize Skip Subset Dialog Box Description for multiple selections
V_FM023R V - View SM30  
History
Last changed by/on SAP  20050321 
SAP Release Created in 110