What is continuity in valuation in SAP FI-AA - Asset Accounting?

SAP Term: continuity in valuation

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The continuity in valuating net assets. To be able to compare items in the balance sheet over the course of several fiscal years, the valuation methods must remain the same.

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• Key Concepts: 
  Continuity in valuation is a feature of SAP Asset Accounting (FI-AA) that allows for the continuous valuation of assets over their entire life cycle. This means that the value of an asset is tracked and updated throughout its life, from acquisition to disposal. This ensures that the asset's value is always up-to-date and accurate.
  
  How to use it: 
  Continuity in valuation can be enabled in SAP Asset Accounting by setting up a valuation area and assigning it to the asset master record. The valuation area contains all the necessary information for tracking and updating the asset's value, such as depreciation methods, depreciation areas, and other relevant data. Once enabled, the system will automatically update the asset's value as it changes over time.
  
  Tips & Tricks: 
  It is important to ensure that all relevant data is entered into the valuation area before enabling continuity in valuation. This will ensure that the system is able to accurately track and update the asset's value over time. Additionally, it is important to regularly review and update the valuation area to ensure that it remains up-to-date with any changes in the asset's value.
  
  Related Information: 
  For more information on continuity in valuation, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on how to set up and use this feature in SAP Asset Accounting.