What is revaluation difference area in SAP FI-AA - Asset Accounting?

SAP Term: revaluation difference area

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A depreciation area that is used, in Inflation Accounting, to record the differences between a manual adjustment of an asset and an adjustment made by the Asset Revaluation Inflation report. All such postings are made as the negative of the difference posted to the main revaluation area. &EXAMPLE& Assume you have an asset with a revaluation area 03 and a revaluation difference area 05. You have revaluated the asset manually and recorded the inflation of UNI 1,100 in revaluation area 03 At the end of the month, the report revaluates the asset for UNI 1,200, which is UNI 100 more than the manual posting that you made. To correct the manual posting, the report: Posts the difference, UNI 100, to revaluation area 03, to correct the manual revaluation of UNI 1,100 to UNI 1,200 Posts the same amount in the negative - UNI 100 to area 05

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• Key Concepts: 
  Revaluation Difference Area is a component of SAP FI-AA Asset Accounting. It is used to store the differences between the revaluation of an asset and its original value. This difference is calculated when an asset is revalued, and the Revaluation Difference Area stores the difference between the original value and the revaluated value. 
  
  How to use it: 
  The Revaluation Difference Area can be used to store the differences between the original value and the revaluated value of an asset. This difference is calculated when an asset is revalued, and the Revaluation Difference Area stores this difference. The Revaluation Difference Area can be accessed through the SAP FI-AA Asset Accounting module. 
  
  Tips & Tricks: 
  When using the Revaluation Difference Area, it is important to ensure that all differences are accurately recorded. This will ensure that all assets are correctly revalued and that any discrepancies are identified and addressed. Additionally, it is important to ensure that all assets are correctly classified in order to ensure accurate revaluations. 
  
  Related Information: 
  The Revaluation Difference Area is closely related to other components of SAP FI-AA Asset Accounting, such as depreciation areas, asset classes, and asset groups. It is important to understand how these components interact with each other in order to ensure accurate revaluations of assets. Additionally, it is important to understand how these components interact with other modules within SAP, such as FI-GL General Ledger and CO-PA Profitability Analysis.