Valuation

A valuation record captures the details of an asset’s assessed value for a specific revenue period. Changes to the asset itself or to the asset’s ownership within a specific revenue period typically results in the creation of additional valuations for that period. Such valuations, in turn, feed into billing — e.g. for generating supplemental bills. The system supports multiple valuations for the asset and for the same revenue period.

The valuation record can specify the reason for creating that valuation, as well as the external source that sent the information.

A valuation’s lifecycle is simple. Once the valuation is linked to a valid asset in the system, it persists in the Active state and stays there unless there is a reason to manually cancel the valuation. The base product supplies the C1–Valuation business object, which has this lifecycle.