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

SAP Term: group valuation

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The valuation of fixed assets in subsidiaries for the purpose of later consolidation of total fixed assets at group concern level. Group valuation can be managed separately in the local currency and in the reporting currency in separate depreciation areas.

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• Key Concepts: 
  Group valuation is a feature of SAP Asset Accounting (FI-AA) that allows users to assign a single value to a group of assets. This value is then used for reporting and accounting purposes. Group valuation simplifies the process of tracking and managing assets, as it eliminates the need to manually calculate the value of each individual asset. 
  
  How to use it: 
  Group valuation can be enabled in the Asset Accounting configuration. Once enabled, users can create groups of assets and assign a single value to the group. This value can be updated periodically as needed. The group valuation feature also allows users to assign different values to different groups of assets, depending on their purpose or usage. 
  
  Tips & Tricks: 
  When using group valuation, it is important to ensure that all assets in the group are accurately valued. This can be done by regularly reviewing the asset values and making adjustments as needed. Additionally, it is important to ensure that all assets in the group are properly categorized and assigned to the correct group. 
  
  Related Information: 
  For more information on group valuation in SAP Asset Accounting, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_Financials/6.0_SPS00/en-US/f9f3d7a8b2e04c8a9f3d7a8b2e04c8a9.html