What is split revaluation of depreciation in SAP FI-AA - Asset Accounting?
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Component: FI-AA
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Component Name: Asset Accounting
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Description: A distinction in Inflation Accounting. Split revaluation of depreciation is made between the following: The revaluation of the current month's depreciation amount This is debited to a depreciation expense account and credited to an accumulated depreciation account. The revaluation of the depreciation amounts already posted in the current year This is debited to an inflation gain or loss account and credited to an accumulated depreciation account. The same accumulated depreciation account can be used for both, but only the current month's depreciation can be expensed. This procedure is required in a number of different countries.
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Key Concepts: Split revaluation of depreciation is a feature in SAP FI-AA Asset Accounting that allows for the revaluation of an asset’s depreciation amount. This feature allows for the revaluation of an asset’s depreciation amount to be split into two parts: one part is the original depreciation amount and the other part is the revaluation amount. The revaluation amount is then posted to a separate account in the general ledger. How to use it: To use split revaluation of depreciation, first enter the asset master record in SAP FI-AA Asset Accounting. Then, enter the asset’s depreciation amount and select the “Split Revaluation” option. This will create two separate accounts in the general ledger: one for the original depreciation amount and one for the revaluation amount. The revaluation amount can then be posted to the appropriate account in the general ledger. Tips & Tricks: When using split revaluation of depreciation, it is important to remember that only one account can be used for each asset. This means that if an asset has multiple depreciations, they must all be posted to the same account in order for split revaluation to work properly. Additionally, it is important to ensure that all of the necessary information is entered correctly when setting up an asset master record in SAP FI-AA Asset Accounting. Related Information: Split revaluation of depreciation is a
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