Importance of the fields in Material Master

Question

Dear Friends,
I would like to know the following fields and the importance in IS-OIL specific view.
Density / Gravity and Conv.coeff -- The F1 help says if the Conversion Group used as chemical, this field is mandatory. I would like to where this field will be reflecting in further transactions.
Transfer sign --    The F1 Help says You can activate a material for two-step plant-to-plant transfer tracking with the transfer sign. The following settings are possible:
'  '  - no tracking available    1   - only statistical tracking   2   - tracking with gain/loss postings, but without mentioning this also we can track through MB51.
I would appreciate if any one would give me the usage of above fields.
Thanks,
PKM

Answer 1

Prakash KM wrote:>
> Hi Abhishek,
> Thanks for the reply and it really helped me.
> Also I would like to know the importance of the field Transfer sign. It will be helpful if you through some lights on this.
>
> Regards,
> PKM
Hi Prakash,
Here is the explanation for transfer sign
(which is found in oil specific data):
The system performs gain and loss postings automatically at goods issues and receipts that belong to a single tracking number.
The gain or loss is defined as follows:
Stock increase/stock loss = goods issue quantity - goods receipt quantity of all goods receipts
If the result is negative, meaning that the goods issue quantity is smaller than the goods receipt quantity for all goods receipts, the system creates a gain posting.
If the result is positive, meaning that the goods issue quantity is larger than the goods receipt quantity for all goods receipts, the system creates a loss posting.
As soon as a gain or loss occurs, the system updates the valuation record for the material to reflect the increase in quantity or the loss in quantity at the receiving plant.
Basic Settings:
You define the basis for calculation for the gain and loss determination in Customizing. The following options exist as a basis for calculation for the gains and losses:
●      The material price at the receiving plant
●      The material price at the issuing plant at the time at which the gain or loss occurs
●      The material price at the issuing plant at the time of the goods issue
●      The condition record for the material
Request you to reward points if helpful...