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

SAP Term: valuation type

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The basic criterion for calculating the asset value. In a depreciation area, in addition to the acquisition and production costs and ordinary depreciation, the following special valuation types can be calculated: Revaluation Investment support measures Special depreciation Unplanned depreciation Transfer of reserves Interest

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• Key Concepts: 
  Valuation type is a feature of SAP Asset Accounting (FI-AA) that allows users to assign different values to the same asset. This is useful for tracking the value of an asset over time, as well as for reporting purposes. Valuation types can be used to assign different values to an asset based on its current market value, its original purchase price, or any other criteria. 
  
  How to use it: 
  Valuation types are assigned to assets in the Asset Master Data screen. When creating a new asset, users can select a valuation type from the drop-down menu. Once an asset has been created, users can change the valuation type by selecting a new one from the drop-down menu. 
  
  Tips & Tricks: 
  It is important to select the correct valuation type when creating an asset, as this will determine how the asset is valued in reports and other documents. Additionally, it is important to remember that changing the valuation type of an existing asset will not change its value in reports or other documents; only new assets created with a different valuation type will be affected. 
  
  Related Information: 
  For more information on valuation types in SAP Asset Accounting (FI-AA), please refer to the SAP Help documentation or contact your local SAP support team.