How to create Valuation class

Hi,
Please let me what is the transaction code for creating valuation class.
thanks,
Hemant Kumar

hi
Valuation class it is used in FI and MM integration. It determines the g/l accounts to be posted automatically (Ex Raw materail or Finised goods).
In material master we specify valuation class:
- for valuation class, we assign g/l accounts based on nature of transaction,
- at the time of goods receipt/ issue, stores person enters movement type,
- our a/c's will be updated automatically based on account assignment to valuation class which is specified in material master.
Define new valuation class - T.code : OMSK
Valuation Class for Material Group
In 4.6x and 4.5b, you can assign valuation class to Material Group.
It is useful in the sense that user do not have to manually do an Account Assignments.
For stock items, valuation class cannot be changed whenever the stock on hand is not zero.
Valuation class are tied to a G/L account.
nagesh

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[Changing The Valuation Class|http://www.sap-img.com/materials/changing-the-valuation%20class.htm]
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[Changing Valuation Class|http://masteryen.com/sap/?p=98]
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