What is revaluation in SAP CO - Controlling?

SAP Term: revaluation

• Component: CO

• Component Name: Controlling

• Description: A method of changing the values on certain cost centers by valuating the posted amounts with percentages fixed individually by the user.

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• Key Concepts: 
  Revaluation is a process in SAP Controlling (CO) that allows for the adjustment of the value of an asset or liability due to changes in exchange rates. This process is used to ensure that the financial statements of a company accurately reflect the current market value of its assets and liabilities. 
  
  How to use it: 
  In SAP Controlling, revaluation is done by entering a revaluation transaction in the system. This transaction will adjust the value of the asset or liability based on the current exchange rate. The revaluation transaction can be done manually or automatically, depending on the company's preferences. 
  
  Tips & Tricks: 
  When performing a revaluation, it is important to ensure that all relevant information is included in the transaction. This includes the current exchange rate, as well as any other factors that may affect the value of the asset or liability. Additionally, it is important to keep track of all revaluations that have been performed, as this will help ensure accuracy when preparing financial statements. 
  
  Related Information: 
  Revaluation is closely related to foreign currency valuation, which is a process used to determine the value of a foreign currency in relation to another currency. Additionally, revaluation can be used in conjunction with other processes such as depreciation and amortization to ensure that financial statements accurately reflect the current market value of assets and liabilities.