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

SAP Term: new valuation

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The process of adjusting fixed asset values to fair value, where permitted by country-specific accounting standards. There are two procedures for determining the asset's fair value. A company can call in an independent professional valuer, who assesses the asset and estimates its fair value. Alternatively, you can adjust the asset's historical book value and accumulated depreciation for inflation.

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• Key Concepts: 
  New Valuation is a feature of SAP FI-AA Asset Accounting that allows users to create multiple valuations of the same asset. This feature allows users to compare different valuations of the same asset and make decisions based on the results. The new valuation feature also allows users to create different valuations for different periods, such as yearly or quarterly. 
  
  How to use it: 
  To use the new valuation feature, users must first create a valuation type in the system. This can be done by navigating to the Asset Accounting menu and selecting “Valuation Types”. Once a valuation type has been created, users can then create a new valuation for an asset by selecting “New Valuation” from the Asset Accounting menu. Users can then enter the details of the new valuation, such as the period and the value of the asset. 
  
  Tips & Tricks: 
  When creating a new valuation, it is important to ensure that all relevant information is entered correctly. This includes entering the correct period for the valuation and ensuring that all values are accurate. Additionally, it is important to remember that any changes made to an existing valuation will not be reflected in any other valuations of the same asset. 
  
  Related Information: 
  The new valuation feature is closely related to other features in SAP FI-AA Asset Accounting, such as depreciation and revaluation. Additionally, it is important to note that any changes made to an existing valuation will not be reflected in any other valuations of the same asset.