INFLATION ADJUSTMENT ACCOUNT title: inflation adjustment account (FI) (SAP Library - Glossary)
INFLATION ADJUSTMENT ACCOUNT category: Financial Accounting (FI)
INFLATION ADJUSTMENT ACCOUNT explained:
A G/L account that you use for the purpose of recording inflation adjustments.
An inflation adjustment is typically posted to a balance sheet account, with the offsetting posting on a profit and loss account:
The balance sheet account is typically the account that is adjusted, but in some cases, you may be required to record the adjustments separately on a contra account. The profit and loss account is often known as the inflation adjustment gain or loss account.Example
You have UNI 1,000,000 of gold, which is to be adjusted for inflation, which is running at 20%. This gives an inflation adjustment of UNI 200,000, which you post to the gold account (or the corresponding contra account). You make the offsetting posting to an inflation adjustment gain and loss acount.
More terms such as inflation adjustment account in Dictionary I.
- Manual Interest Calculation Method (IS-B):
- Help that defines how many days between two dates are included for the calculation of interest. In mySAP Banking the following interest calculation methods are supported: act/360, act/365, act/366 inflation adjustment account definition.
- Manual ID (AII):
- Help binary code that SAP Auto-ID Infrastructure(SAP AII)uses to identify a unique physical object that is being processed by by SAP AII. The ID can be one of several possible coding types such as an EPC inflation adjustment account explain.
- Manual Input Quantity:
- Help The quantity of raw materials used in the manufacturing process to produce a finished product inflation adjustment account what is.
- Manual Initial Provisioning Data:
- Help the spare parts recommended for initial provisioning that the manufacturer/supplier sends to the airline or contracted maintenance company before delivery of a fleet of aircraft or other end product inflation adjustment account meaning.
- Manual Inbound Delivery Notification:
- Help inbound delivery process containing all relevant logistics data from the initiator of the inbound delivery process (such as the shipping notification, delivery note or purchase order, for example inflation adjustment account abbreviation.
