What is last revaluation date in SAP FI-AA - Asset Accounting?

SAP Term: last revaluation date

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The date, in inflation accounting, up to which you last revaluated an asset. &EXAMPLE& You adjust an asset for the first half of the fiscal year, which runs concurrently with the calendar year. The last revaluation date would therefore be 30 June.

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• Key Concepts: 
  The Last Revaluation Date in SAP Asset Accounting (FI-AA) is the date on which the last revaluation of an asset was performed. This date is used to determine the current value of an asset and is used to calculate depreciation. 
  
  How to use it: 
  The Last Revaluation Date can be found in the Asset Master Data in SAP. It is located in the “Asset Values” tab and can be edited by entering a new date. The Last Revaluation Date should be updated whenever an asset is revalued. 
  
  Tips & Tricks: 
  It is important to keep the Last Revaluation Date up-to-date as it affects the calculation of depreciation. If the Last Revaluation Date is not updated, then the depreciation calculation will be incorrect. 
  
  Related Information: 
  The Last Revaluation Date is related to other fields in the Asset Master Data such as the Acquisition Value, Net Book Value, and Depreciation Key. These fields are all used to calculate depreciation and should be kept up-to-date in order for accurate calculations.