Configuring Revaluation Transaction Types 

Use

SAP provides standard transaction types for common business transactions. The standard transaction type for asset revaluation (800) or those created as a result of defining a revaluation measure (transaction types starting with an R) are used in Australia in the following cases:

·         With the deprival method of accounting for asset revaluations

·         For the revaluation of non-depreciable assets

·         For the revaluation of depreciable assets if no depreciation write-back is required

In these cases, you either choose the Standard Revaluation option for bulk-indexed revaluations or set the Gross indicator for new value revaluations.

You need to create an additional transaction type, however, in order to value assets according to fair value accounting principles and effect a write-back of accumulated depreciation in compliance with Australian accounting standards.

Prerequisites

You have defined a chart of depreciation in accordance with Australian requirements.

Procedure

       1.      Create a new transaction type in Customizing for Financial Accounting (FI) by choosing Asset Accounting ® Transactions ® Acquisitions ® Define Transaction Types for Acquisitions.

The revaluation posting is not an acquisition, but you need to create it in an acquisition type transaction group so that the report immediately updates the G/L account.

Make the following entries:

Field	Enter/select
Trans. Type	Z80
Trans. Type Description	Asset revaluation with write-back
Trans. Type Group	89 (new valuation with depreciation adjustment)
Account Assignment	Credit transaction
Capitalize Fixed Asset	Leave this field blank
Document Type	AA (or your own customized document type for revaluations based on AA)
Posting Type	Gross
Posting Type	Do not post to affiliated co.
Other Features: Cannot be used manually	Leave this field blank
Asst Hist Sheet Grp	YY (or your own configured history sheet group)

You can use the same transaction type for both an increment and a decrement since the depreciation must be written back in both cases and the only difference is the sign entered against the revaluation posting amount (positive or negative).

 

       2.      Limit the transaction type to the depreciation area where revaluations are handled. To do this, proceed as follows:

                            a.      In Customizing for FI, choose Asset Accounting ® Transactions ® Acquisitions ® Define Transaction Types for Acquisitions.

                            b.      Select Limit Transaction Types to Depreciation Areas.

                            c.      Drill down to the transaction type (Z80) and the depreciation area selection for that transaction type.

                            d.      Choose New Entries and enter the depreciation area that you want to revalue (usually the book depreciation area (01). If group areas are defined, such as area 30, this posting should also update area 30). It is not necessary to activate the Display for Selection or Always Post indicators.

If you want to revalue multiple areas that use a different valuation base, you have to create a transaction type for each area and post the specific value for revaluation separately for each area.

 

For more information on transaction types, see Transaction Types.