Material valuation assists in managing the price of the material. The important points to note regarding material Valuation are − Material valuation describes integration among MM & FI (Financial Accounting) modules as it updates the general ledger accounts within financial accounting. It arises because material valuation is attested within the SAP system in the material master. While developing purchase orders, material price is a necessary field plus it is automatically determined. Within the entire process, one of the relevant parts is material Valuation. The procurement process begins with generating a purchase order plus ends with invoice verification. The material valuation will update the G/L accounts in Financial Accounting. material Valuation: stock value= stock Qty x Price. This is completely integrated with FI(Financial Accounting).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |