What is 'on a key date' in SAP FI-AA - Asset Accounting?

on a key date - Overview

• Component: FI-AA

• Component Name: Asset Accounting

• Description: Based on a predefined time.

on a key date - Details

• 
  Key Concepts: 
  On a key date in SAP FI-AA Asset Accounting, the system records the value of an asset at a specific point in time. This value is used to calculate depreciation and other financial transactions related to the asset. The key date is usually the end of a fiscal period, such as the end of a month or quarter. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, the key date is used to determine the value of an asset at a specific point in time. This value is then used to calculate depreciation and other financial transactions related to the asset. To set a key date, go to the Asset Accounting menu and select “Key Date”. Enter the desired date and click “Save”. 
  
  Tips & Tricks: 
  It is important to remember that the key date should be set at the end of a fiscal period, such as the end of a month or quarter. This will ensure that all financial transactions related to the asset are accurately recorded. 
  
  Related Information: 
  For more information on setting key dates in SAP FI-AA Asset Accounting, please refer to SAP Help documentation or contact your local SAP support team.