Define Valuation Areas in SAP
In this SAP Tutorial, you will learn how to define valuation areas in SAP. You can maintain valuation areas in SAP by using the following navigation method
- Transaction code: SPRO
- SAP IMG Menu path: Financial Accounting –> Financial Accounting Global Settings –> Company Code –> Parallel Accounting –> Integration –> Parallel Accounting in Corporate Finance Management –> Parallel Valuation Areas –> Organization –> Define Valuation Areas
Step 2: On the change view “Fi Valuation Area: overview screen, click on the New Entries option for maintaining the valuation areas.
Step 3: On new entries of the Valuation area screen, update the following details
- Valuation: Enter a new key that defines a valuation area in Financial Accounting
- Currency Type: Enter the currency type for the valuation area, you can choose the currency type from the dropdown list
- Long Text: Update the description for the FI Valuation area in SAP
After maintaining the required details for the FI Valuation area, click on the save button and save the details in the SAP system.
Also Read:
- How to define translation ratios for currency translation in SAP
- How to check currency codes
- Define currency types in SAP
- Maintain currency and valuation profile
- How to maintain depreciation key in SAP
Continue to read SAP FICO training tutorials that explains step by step how to configure and implement financial accounting module with real time scenarios and issues.