What is target date in SAP FI-AF-ARO - Asset Retirement Obligation Management?

SAP Term: target date

• Component: FI-AF-ARO

• Component Name: Asset Retirement Obligation Management

• Description: The result date of a calculation. Within the framework of an asset retirement obligation valuation, a given base value on a base date is usually discounted or compounded for a specific target date. The discounted or compounded value on the target date is the target value of the calculation.

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• Key Concepts: 
  Target date is a term used in SAP FI-AF-ARO Asset Retirement Obligation Management. It is the date when an asset retirement obligation (ARO) must be settled. The target date is determined by the ARO's terms and conditions, such as the expected life of the asset or the contractual obligations of the parties involved. 
  
  How to use it: 
  The target date is used to determine when an ARO must be settled. It is important to note that the target date may not always be the same as the actual settlement date, as there may be delays or other factors that affect when an ARO can be settled. The target date should be taken into account when planning for ARO settlements. 
  
  Tips & Tricks: 
  It is important to keep track of target dates for AROs, as they can have a significant impact on cash flow and other financial considerations. It is also important to ensure that all parties involved in an ARO are aware of the target date and any potential delays or changes that may affect it. 
  
  Related Information: 
  For more information on SAP FI-AF-ARO Asset Retirement Obligation Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide detailed information on how to use SAP FI-AF-ARO Asset Retirement Obligation Management.