General and Special Valuation Classes

Definition

General valuation classes classify transactions across all valuation areas.

Examples:

Short-term investments

Medium-term investments

Liabilities

Special valuation classes classify transactions based on a valuation area. They represent the areas of a balance sheet as well as the differentiation terms in the system.

Examples:

At Fair Value through Profit or Loss

Trading

Available for Sale (AfS)

Held to Maturity (HtM)

Liabilities

Current Assets

Assignment

Each general valuation class is assigned to a special valuation class which defines a subledger position.

When you enter a transaction, you specify a general valuation class and also, indirectly, the corresponding position.

Note Note

The assignment of the (special) valuation classes to the position management procedure determines how a position is valued. In Customizing for the Transaction Manager choose Start of the navigation path General Settings Next navigation step Accounting Next navigation step Settings for Position Management Next navigation step Assign Position Management Procedure End of the navigation path .

End of the note.

Examples of Assignments

Valuation Areas

(Special) V aluation Classes

001

IAS

1

At Fair Value through Profit or Loss

001

IAS

2

Available for Sale

002

US GAAP

1

Trading

002

US GAAP

2

Available for Sale

003

Local GAAP

1

Current Assets

003

Local GAAP

2

Fixed Assets

You make your settings for the valuation classes in Customizing for the Transaction Manager by choosing Start of the navigation path General Settings Next navigation step Accounting Next navigation step Settings for Position Management Next navigation step Define and Assign Valuation Classes End of the navigation path .

See also:

Valuation Class Transfer

Differentiation Terms

Subledger Position

Account Assignment Reference