What is position revaluation in SAP FI-GL-GL - Basic Functions?

SAP Term: position revaluation

• Component: FI-GL-GL

• Component Name: Basic Functions

• Description: The process of revaluating foreign exchange positions, calculating, and posting the result thereof.

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• Key Concepts: 
  Position revaluation is a feature of the SAP Financial Accounting (FI-GL-GL Basic Functions) component that allows users to adjust the value of a position in the General Ledger. This adjustment is based on the current market value of the position and can be used to correct errors or to reflect changes in market conditions. 
  
  How to use it: 
  Position revaluation can be used to adjust the value of a position in the General Ledger. To do this, users must first select the position they wish to revalue and then enter the new value. The system will then calculate the difference between the old and new values and update the General Ledger accordingly. 
  
  Tips & Tricks: 
  When using position revaluation, it is important to ensure that all relevant information is entered correctly. This includes the current market value of the position, as well as any other relevant data such as exchange rates or interest rates. Additionally, it is important to ensure that all transactions related to the position are correctly recorded in order to ensure accuracy. 
  
  Related Information: 
  Position revaluation is closely related to other features of SAP Financial Accounting such as currency translation and interest rate adjustment. Additionally, it is important to note that position revaluation can only be used for positions in the General Ledger and cannot be used for positions in other components such as Accounts Payable or Accounts Receivable.