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Video blog: Filling in the gaps – FI/CO account posting during production processes in SAP

In this video blog from Controlling 2015, Marjorie Wright covers FI/CO account postings during production processes in SAP from top to bottom.

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Guest — John
In the above article you had explains about the filling in the gaps and fi/co accounts posting during the production processes in ... Read More
Saturday, 12 March 2016 05:15
Guest — sap fico institutes in hyderabad
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Monday, 01 April 2019 08:38
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Introduction to SAP Material Ledger - Excerpt from Things You Should Know About Controlling with SAP (2nd Edition)

Excerpt from 100 Things You Should Know About Controlling with SAP (2nd Edition) by John Jordan:

With the material ledger, you can carry inventory in up to two additional valuations and at actual costs, described as follows:


Carry material prices in multiple currencies and valuations

Material inventory values are normally carried in only company code currency. The material ledger enables the system to carry inventory values in two additional currencies/valuations. This is achieved by updating all goods movements in the material ledger in up to three currencies or valuations. Currency amounts are translated into foreign currencies at historical exchange rates directly at the time of posting. 

Value inventory at actual costs

Actual costing valuates all goods movements within a period at the standard price (preliminary valuation). All price and exchange rate differences for the material are collected in the material ledger.

At the end of the period, an actual price is calculated for each material based on the actual costs of the period. This actual price is called the periodic unit price and can be used to revaluate the inventory for the period to be closed. You can use this actual price as the standard price for the next period.

Actual costing determines what portion of the variance is to be debited to the next-highest level using material consumption. The actual bill of materials enables variances to be rolled up over multiple production levels all the way to the finished product. You can choose to have cost center variances also taken into account. 

This category of tips describes how multiple valuations and actual costing work, and the material ledger period-end closing process. It also describes the implementation steps needed during production startup. The actual cost component split and deactivating the material ledger are also explained. 

Keep reading in Things You Should Know About Controlling with SAP (2nd Edition)Use coupon code CTLSP10 for 10% off on www.sap-press.com.

 

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SAP ERP Group Costing and Valuation Tips

In addition to the calculation of standard costs at the company code level, SAP ERP also includes functionality to calculate standard costs across the entire corporation.  These are referred to as group costs. Instead of using legal transfer prices, which is the basis for company code standard costs, group costing performs complete across company costing.

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Introduction to SAP Material Ledger

b2ap3_thumbnail_IMG_3289.jpgMaterial Ledger is SAP’s solution to performing actual costing. It is supposed to contain the benefits (without inheriting the disadvantages) of the two traditional methods of inventory valuation - Standard Costing and Moving Average Costing. Before you can understand the functionality of Material Ledger, it is always good to start with some of the characteristics of these two traditional approaches.

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Guest — Satish
Thank You For Giving The Valuable Information Paul Ovigele , This Post Is Very Useful For Understanding SAP Material Ledger.... Read More
Thursday, 28 July 2016 07:53
Guest — Elanthendral
Nicz.I need some tips related to your content. I am working in Web Designing Companies In Chennai.
Monday, 09 January 2017 11:09
Guest — CK
How many types of variances can be calculated using ML?
Tuesday, 20 March 2018 05:10
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