G/L Accounts - Valuation Class

Question

Hi Experts,
How to assign G/L Accounts to Valuation Class  and also to material group...
Which is the best industry practice....

Answer 1

Hi
Assigning account to valuation class differs for various processes.
In OBYC select BSX, select rules and select debit,credit, valuation class and enter the valuation class and the corresponding account (created as a balance sheet item) .This is for Inventory posting.
Similarly u have to assign account to all keys like VBO ,WRX, etc
The rule here depends on the client business needs. For ex: if the client wants the consump[tion account to go to diff accounts based on the material type or the plant then the rule should include the valuation class and the valuation modifier and if clients says that all consumption accounts to one G/L then no need of above selection for the rules of the account key.
Also to identify the rules normally we have to see the balance sheet of the client and decide the rules accordingly. If their balance sheet has diff consumption accounts based on the material types then select the rules accordingly.
Read the below to have more idea on account assignment:
The following list shows the individual transactions with examples of how they are used. The transaction/event key is specified in brackets.
Change in stock (BSV)
Changes in stocks are posted in Inventory Management at the time goods receipts are recorded or subsequent adjustments made with regard to subcontract orders.
If the account assigned here is defined as a cost element, you must specify a preliminary account assignment for the account in the table of automatic account assignment specification (Customizing for Controlling) in order to be able to post goods receipts against subcontract orders. In the standard system, cost center SC-1 is defined for this purpose.
Stock posting (BSX)
This transaction is used for all postings to stock accounts. Such postings are effected, for example:
In inventory management in the case of goods receipts to own stock and goods issues from own stock
In invoice verification, if price differences occur in connection with incoming invoices for materials valuated at moving average price and there is adequate stock coverage
In order settlement, if the order is assigned to a material with moving average price and the actual costs at the time of settlement vary from the actual costs at the time of goods receipt
Because this transaction is dependent on the valuation class, it is possible to manage materials with different valuation classes in separate stock accounts.
Caution
Take care to ensure that:
A stock account is not used for any transaction other than BSX
Postings are not made to the account manually
The account is not changed in the productive system before all stock has been booked out of it
Otherwise differences would arise between the total stock value of the material master records and the balance on the stock account.
Account determination of valuated sales order stock and project stock
Note that for valuated sales order stock and project stock (special stock E and Q) and for the transaction/event keys BSX and GBB, you must maintain an account determination to avoid receiving warning messages when entering data (purchase order or transfer posting) for valuated stock.
During data entry, the system attempts to execute a provisional account determination for GBB for valuated stock. The system will only replace the provisional account determination for GBB with the correct account determination for the stock account (BSX), in the background, if you enter the data for valuated stock at a later point in time.
Small differences, Materials Management (DIF)
This transaction is used in Invoice Verification if you define a tolerance for minor differences and the balance of an invoice does not exceed the tolerance.
Freight clearing (FR1), provision for freight charges (FR2), customs duty clearing (FR3), provision for customs duty (FR4)
These transactions are used to post delivery costs (incidental procurement costs) in the case of goods receipts against purchase orders and incoming invoices. Which transaction is used for which delivery costs depends on the condition types defined in the purchase order.
You can also enter your own transactions for delivery costs in condition types.
External service (FRL)
The transaction is used for goods and invoice receipts in connection with subcontract orders.
If the account assigned here is defined as a cost element, you must specify a preliminary account assignment for the account in the table of automatic account assignment specification (Customizing for Controlling) in order to be able to post goods receipts against subcontract orders. In the standard system, cost center SC-1 is defined for this purpose.
External service, delivery costs (FRN)
This transaction is used for delivery costs (incidental costs of procurement) in connection with subcontract orders.
If the account assigned here is defined as a cost element, you must specify a preliminary account assignment for the account in the table of automatic account assignment specification (Customizing for Controlling) in order to be able to post goods receipts against subcontract orders. In the standard system, cost center SC-1 is defined for this purpose.
Offsetting entry for stock posting (GBB)
Offsetting entries for stock postings are used in Inventory Management. They are dependent on the account grouping to which each movement type is assigned. The following account groupings are defined in the standard system:
AUA: for order settlement
AUF: for goods receipts for orders (without account assignment)
and for order settlement if AUA is not maintained
AUI: Subsequent adjustment of actual price from cost center directly
to material (with account assignment)
BSA: for initial entry of stock balances
INV: for expenditure/income from inventory differences
VAX: for goods issues for sales orders without
account assignment object (the account is not a cost element)
VAY: for goods issues for sales orders with
account assignment object (account is a cost element)
VBO: for consumption from stock of material provided to vendor
VBR: for internal goods issues (for example, for cost center)
VKA: for sales order account assignment
(for example, for individual purchase order)
VKP: for project account assignment (for example, for individual PO)
VNG: for scrapping/destruction
VQP: for sample withdrawals without account assignment
VQY: for sample withdrawals with account assignment
ZOB: for goods receipts without purchase orders (mvt type 501)
ZOF: for goods receipts without production orders
(mvt types 521 and 531)
Thx
Raja