This component is for carrying out one-time revaluation measures for the balance sheet. This one-time revaluation makes it possible to comply with tax requirements in some countries for a single revaluation of all fixed assets in order to offset the effects of inflation.

The system enables you to define revaluation measures in Asset Accounting and use collective posting to post them.

You can manage revaluation values in any depreciation area. In accordance with the legal requirements in many countries, however, you must be able to separately identify such changes in value. In this case, you must use a separate depreciation area for each revaluation. You manage and depreciate the revaluation separately from APC and other revaluation in this depreciation area.

You define revaluation (time limitations, base depreciation area for the calculation of revaluation, and so on) in Customizing for Asset Accounting. For each revaluation, you define the depreciation area in which it should be carried out. In this way, it possible to manage and depreciate the revaluation separately in its own depreciation area. You can also define additional (already existing) depreciation areas for revaluation.

If you wish to plan and post revaluation using collective posting, follow these steps:

• Define the permitted revaluation and the corresponding depreciation areas in Customizing for Asset Accounting (Special valuation ). It is important to specify whether the revaluation should apply only to APC, or if it should also apply to accumulated depreciation from the past (backlog).

• Process the batch input session. The session plans the revaluation for each fixed asset in the corresponding depreciation areas.

If you choose to plan revaluation manually, the revaluation report can still be used to create the depreciation areas required for the individual assets. If you choose, the report does not create a posting session in that case. For planning, use transaction type Rxx (xx = key of the revaluation). The system automatically creates this transaction type when you define the revaluation.

If you want to post gross revaluation, that is, with the revaluation of historical depreciation (backlog calculation), use transaction type 800. Transaction type 800 is defined in the standard system so that it posts to all depreciation areas that allow for revaluation and backlog calculation in their Customizing definitions. If you want to limit the posting of gross revaluation only to specific depreciation areas, you have to change the Customizing definition of transaction type 800 accordingly (function Areas). Or copy transaction type 800 and change the copy.

In this instance also, FI documents are not created until the periodic posting of the depreciation area to Financial Accounting is carried out.

Generally, you need to post the values from a depreciation area that is solely for revaluation (without APC) to the general ledger accounts along with values from the book depreciation area. The system does not create any FI posting documents when planning revaluation in the FI-AA component. Therefore, you have to define such revaluation depreciation areas with the following settings for posting.

• You have to automatically post the changes to asset values due to transactions to the general ledger. This posting ensures that the proportional value adjustments (revaluation) are cleared correctly at asset retirement. Therefore, set the Post assets in General Ledger realtime indicator in the definition of the depreciation area (Define Depreciation Areas ).