What is revaluation key in SAP FI-AA - Asset Accounting?

SAP Term: revaluation key

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A system object that instructs the system how to revaluate a given asset for inflation. It tells the system: How often the asset is to be revaluated posting variant Which values to revaluate, for example, whether to base the revaluation on the asset's acquisition and production costs or on some other value Which inflation index to use, for example, the general inflation index or a specific index Which date to use the inflation index from How to handle assets that were posted partway through a given period, for example, to disregard them completely and only revaluate it in the first full period time base and exposure to inflation variant

Smart SAP Assistant

• Key Concepts: 
  Revaluation key is a feature in SAP Asset Accounting (FI-AA) that allows users to revalue assets in the system. This is done by entering a revaluation key into the asset master record, which will then trigger a revaluation of the asset. The revaluation key can be used to adjust the value of an asset, either up or down, depending on the current market value of the asset. 
  
  How to use it: 
  To use the revaluation key, first enter the asset master record in SAP Asset Accounting. Then, enter the revaluation key into the asset master record. This will trigger a revaluation of the asset. The user can then adjust the value of the asset up or down depending on the current market value of the asset. 
  
  Tips & Tricks: 
  When using the revaluation key, it is important to remember that it can only be used to adjust the value of an asset up or down. It cannot be used to change any other information in the asset master record. Additionally, it is important to ensure that all relevant information is entered into the asset master record before using the revaluation key. 
  
  Related Information: 
  For more information on using revaluation keys in SAP Asset Accounting, please refer to SAP Help documentation or contact your local SAP support team.