What is rollover in SAP FS-AM-EP-LC - Life Cycle Control?

SAP Term: rollover

• Component: FS-AM-EP-LC

• Component Name: Life Cycle Control

• Description: A type of time deposit agreement related to its fixed period. There are the following types of time deposit agreement: New business Fixed period for a new time deposit agreement Rollover Fixed period for a follow-on agreement for an existing time deposit agreement

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• Key Concepts: 
  Rollover is a feature of the FS-AM-EP-LC Life Cycle Control component of SAP. It allows users to move an asset from one fiscal year to the next without having to create a new asset. This helps to reduce the amount of time and effort required to manage assets over their life cycle. 
  
  How to use it: 
  To use the rollover feature, users must first select the asset they wish to move from one fiscal year to the next. Then, they must select the “Rollover” option from the menu. This will open a window where users can enter the new fiscal year and confirm the rollover. Once confirmed, the asset will be moved to the new fiscal year. 
  
  Tips & Tricks: 
  When using the rollover feature, it is important to ensure that all relevant information is entered correctly. This includes the new fiscal year, as well as any other data associated with the asset. Additionally, it is important to double-check that all data has been entered correctly before confirming the rollover. 
  
  Related Information: 
  The rollover feature is part of SAP’s FS-AM-EP-LC Life Cycle Control component. This component also includes features such as asset retirement and asset transfer. Additionally, SAP provides a range of other components that can help users manage their assets over their life cycle, such as Asset Accounting and Asset Management.