What is Perform Further Valuations in SAP FI-FIO-GL - Fiori UI for General Ledger Accounting?

SAP Term: Perform Further Valuations

• Component: FI-FIO-GL

• Component Name: Fiori UI for General Ledger Accounting

• Description: An app for measuring and recognizing expected credit losses ECL, as required by the International Financial Reporting Standard IFRS 9.

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• Key Concepts: 
  Perform Further Valuations is a feature of the Fiori UI for General Ledger Accounting component of SAP. This feature allows users to perform additional valuations on their financial data, such as currency conversions, revaluations, and more. This helps users to gain a better understanding of their financial data and make more informed decisions. 
  
  How to use it: 
  To use the Perform Further Valuations feature, users must first select the relevant financial data they wish to evaluate. This can be done by selecting the appropriate ledger accounts or cost elements. Once the data is selected, users can then choose from a variety of valuation options, such as currency conversions, revaluations, and more. After selecting the desired valuation option, users can then enter the relevant parameters and click “Perform Valuation” to complete the process. 
  
  Tips & Tricks: 
  When using the Perform Further Valuations feature, it is important to remember that all valuations are based on the current exchange rate. Therefore, it is important to ensure that the exchange rate is up-to-date before performing any valuations. Additionally, it is important to remember that all valuations are based on the current fiscal year. Therefore, it is important to ensure that all fiscal years are up-to-date before performing any valuations. 
  
  Related Information: 
  For more information about Perform Further Valuations in SAP FI-FIO-GL Fiori UI for General Ledger Accounting, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/FI_FIO_GL/latest/en-US/f1f9a7d8b3e14c2f9a7d8b3e14c2fbb6.html