Material master standard price exchange rate in accouting view
Hi
Our company code local currency is MXN
When i goto material master/Accounting 1 view i can see material standard cost in MXN and USD
which exchange rate does SAP uses, where is is defined in config
it is not using exchange rate type M
Thanks
Edited by: Sasi nagireddy on Nov 30, 2011 7:53 AM
Hi Sasi,
The currency in material master will be by default the Co.Cd currency as per your FI configs. Local currencies can be defined as per requirement which you can utilize for various purposes including valuations. The exchange rates which your FI consultant has defined will be prevalent as per OBBS and OB08. Check with your FI person to help you resolve this issue.
Follow this link for better info..
http://wiki.sdn.sap.com/wiki/display/ERPSCM/MM-IV-GF-CUR+Currency
Regards
Shiva
Similar Messages
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How can i update material master standard price.
Hi Everyone,
i would like to know if there is any way i can update my MM Std Price everytime i make any purchase.
I.e i have std price 40, but next time when i make PO and update Inforec for 70 so i want this 70 also take effect in my material master. Is any expert can tell me about this functionality or any alternate. would be great help
AliIf you are using std prices then these do not vary unless someone is manually changing them (or using a program to do this). That is the main point of std prices, they do not change unless you change them yourself.
MAP and standard prices are used in material master and it has nothing to do with price with which you will sell your customer.
MAP and Standard prices will just hit you inventory account and COGS account once you will do PGI.
I am assuming that you are talking about the price at which you sell to your customer.The easy way of tracking changing prices is that you can make them manual conditions and based on your information you can put them manually in your sales order.
It is not recommended to change standard price constantly. At this period end, modify the standard price in material Master & continue.
This can be a regulr activity at period ends, say every month end or quater end or half yearly or yearly. In general it is prctices on yearly basis, but as per the requirement you can consider the period.
Just go throught the links given below
http://www.sap-img.com/materials/purchasing-tips.htm
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/MMIVMVAL/MMIVMVAL.pdf
Primarily, You cannot maintain both Standard Price & MAP. You can maintain only one of it.
It is recommended that standard price should not be changed at randomly, but as a policy, if required, it should be changed at period end, say monthly, quaterly, Half-yearly or yearly.
You can also check out transaction CK40N
reward points if it helps
regards
Biju -
Material Master - Standard Price
Please suggest - how to change(update) the "Standard Price" of the material in Accounting view of the Material Master ?
Hi,
(do reward if this is useful)
Price Update:
In the R/3 menu go to the screen view by the following path:
Accounting-Controlling-Product Cost Controlling -
Product Cost Planning MaterialCosting----
Price update
On the Price Update: Mark Standard Price Screen, choose Other Prices.
The Other Price Update: Release Other Prices screen appears.
Enter data to restrict the cost estimates whose results you want to copy to the Material master
In the Update Prices in Material Master Record group box, set the Commercial Price 1 checkbox.
Choose Execute (F8) to carry out the update.
On the Price Update screen, the system provides a short log for the test run. The log contains green traffic lights and the message Of 1 materials, 1 cost estimates were updated successfully.
Choose Back until you get to the Price Update: Release Other Prices selection screen.
Use the same selection parameters as in the test run for the price release. Scroll down to the bottom of the screen. Deselect the Test Run indicator in the Processing Options group box.
Update the prices in update mode and choose Back.
Call up transaction MM03 and check that the prices have been updated in material master C10150.
The lowest value is determined in inventory costing when the prices are updated in the material master record. The system compares the valuation price according to price control for the current period or previous period with the costing result. If the valuation price is lower, this price is updated, rather than the value determined in inventory costing, as the tax or commercial price.
Result
Commercial price 1 has been updated in the Accounting 1 view in the material master.
<b><<<PLEASE REWARD POINTS IF THIS IS USEFUL>>>
</b>
Regards
AK -
Material valuation(standard price issue)
Hi Gurus,
We have some issue in material master record accounting1 view.The standard price for the period 1 of 2010,period 2 of 2010 is showing the value of 1000 correctly.but where as coming to material valuation table(MBEW)it is showing as the value of "1".But where as coming to material ledger the standard price is showing as 1000 correctly.due to the inconsistency data between material valuation and material ledger the system is not allowing to post any transactions.Suggest on this issue.
Thanks in advance
JanaHi Janardhan,
The Material Valuation Table MBEW will be updated, if you have completed both Marked and Released activities for the Material through t-code-CK40N for Mass Materials or CK11N and CK24 for Individual Materials. As per your data, in your case this was completed and price was updated for 01 and 02-2010 periods. If you run CK40N-Standard Cost Estimate for Legal/Group/Profit Center valuation and completed till u201CMarking of Priceu201D i.e., but not executed the activity u201CRelease priceu201D. It may be for period 03-2010, the Material Master>Accounting view will be updated with standard price and also Material Master>Future Price field will be updated with u201CMarked Priceu201D, but Current Price/Previous Standard Price fields will show earlier values. Till you u201CRelease the Priceu201D through t-codes CK40N or CK24, this differences will continue. At the start of March 2010 period, if you u201CRelease the priceu201D, all the fields in Material Master will be updated with relevant Current/Previous Standard Price fields. I hope this will clear your doubts. If you need more clarity in this regard, please let me know.
Regards
appalas
Edited by: appalas on Feb 28, 2010 1:11 PM -
Accounting Entry for Material has Standard Price
Hi,
If Material has standard price option, what is the accounting entry for the time of Direct Goods Receipt and from the production.
Material Value is : Rs. 100/-
Purchased value is : 90/-
from production : 110/-
Thanks in advanceHi,
In STO, material posting with price valuated from issuing plant price. In your case, the transportation cost, you can capture to separate G/L account and pay to transport vendor.(In STO , one plant is vendor and another plant is customer, so a third party vendor involved for material transfer)
OR else use separate own Custom Condition Type with Special Condition Category instead of condition type P101 which have Condition Category "G", only responsible to pick the internal price
Regards,
Biju K -
How to enable the standard price in the accounting -1 view of material mast
Hi,
When i was trying to create a material of material Type: FERT, Iam unable to enter the price of the material in the accounting -1 view-> standard price.
The field has been disabled.
So please tell me how to enable the standard price.
Regards,
Rudra Prakash. Shi
go to OMS2 double click FERT
in valuation check which price control is allowed
it should be std. price
go to OMSR check MBEW-STPRS note field group
in OMS9 for this group and material combination check whether that field is maintained as display
Vishal... -
Cost Run for Raw Material taking Standard Price instead of Moving Price
Hi all,
We ran a material costimate with normal components FG>SFG>RM. The RM price Control is set to
V (Moving Average Price) and for SFG & FG it is S(Std. Price). After we run CK11N, the price for
RM in Material Master changes as per Moving Price. We found that the RM Component is
costed based on Standard Price and not on the previous cost run Moving Average Price. After
certain period, if we again do cost run, the sytem is again picking up the standard price for costing
not the revised Moving Price. We have checked the Valuation Variant in the Costing Variant, where the strategy given is 1. Moving Average Price 2. Standard Price. We also tried to change the
sequence as 1. Price as per Purchase Info Record 2. Moving Average Price and 3. Standard Price and
also 1. Standard Price and 2. Moving Average Price. Our requirement is when we run the cost estimate the raw material has to pick the price of previous moving price stored in the Material Master. Kindly tell us where to set the indicator.
Thanks,
SadashivanHi Srikanth,
Problem solved. I checked the sequence in Valuation Variant and modified in Valuation Variant for Plant which I have not set previously and now the system is working correctly.
Thanks,
Sadashivan -
In material master standerd price field not updating in group currency
In material master accounting 1 tab, under price and values table. standerd price is not updating in group currency.
Can you sugest me how to resolve this issueHi,
As per My Knowledge,Wht ever currency is assigned as company code currency , tht will only be updated in Material Master as Per standard.
Thanks
Goutam -
Donot Cost Field in Material Master when Price indicator is S & V
Hello,
Could somebody please explain me the impact of selecting the field "Donot Cost" in the Costing Tab of the material master. What would be the impact if the Price indicator is S or V.
Is the material not included in the costing analysis for the project if this field is ticked
Thanks,
LavanyaHi Lavanya,
The Do Not Cost indicator denotes whether the material is to be costed while cost run i.e. while executing ck40n. If the indicator is set, the material is excluded from selection and no BOM and Routing of the same will be exploded. It means you cannot create material cost estimate (with or without quantity structure).
Price Indicator controls the movement of the material and its valuation.
If the Price Indicator is S and the Do not Cost indicator is active, the standard price of the material will never get updated.
Regards,
Divraj Agarwal -
Material master valuation price from S to V
Hi,
is there a way to change from price S to V in material master ?
How can I do it if FI department decide to change valuation from S to V ?
Regardsis there a way to change from price S to V in material master ?
How can I do it if FI department decide to change valuation from S to V ?
Hi
First you can do your stock for that material as zero.
And also close or delete all the respective documents like PO,GR...etc.
Then only you can able to change the price from S to V
Regards,
Rahul -
Material and standard price.
Hi,
could be a material managed without any standard price ?
Best regardsHi,
If I understand ur question, then answer is "YES".Like you procure non-valuated goods. Not required any valuation class or price control in accounting views.
If helpful then reward.
Regards,
Biju K -
Material Master Standard Reports Required
Hi
Our requirement is to know the list of standard reports of material master which should show the datas in the material master various views of respective filed values.
We dont want the same from Table. Based on the reply we can decide that we have to go for new filed config in material master (or) we can use the std material master reports.
VijayHi
There is no standrad report availabe for this purpose. Te basic reason might be, each view is quite independent and and the particulars to be filled changes from client to client based upon business processes and it might not be possible and assume that in material master certain field will be common for each client. More over each screen will have many fields hidden than it might be shown and what we do we activate them based upon client requirement, for example In sales view Material Group fields. What you need is tio develope a customised report because you must have filled in master dat fields based upon your own requirements.
Regards -
How to post material master legal control data (Foreign trade export view)?
Dear Gurus,
Currently we have an external application which posts material master data into SAP using MATMAS IDOC through JCO. Now we have a requirement wherein we need to post legal control data ( especially ALNUM field) beisdes the regular views. MATMAS Idoc do not have a provision to post this specific field ALNUM ( Export control class).
Can you please suggest how to post this field value in to SAP. Do we need to use any other IDOC or RFM/BAPI as we do with classification view. In that case can you please suggest those relevant APIs.
Thanks in advance
AmanHi Aman,
I have got the same problem with this legal control field(ALNUM field).
There is no provison to post this field through IDOC. Can u please tell me what was the why u followed for this issue.
Thanks& regards,
Naren. -
Copy Material Master data - cannot copy "Proportion/Prod.Unit" view
Hello,
When I try to create material master data using the "Copy from..." option, data from the "Proportion/Prod.Unit" view is not copied to the new material. We are using SAP for Mill products.
Any clues?
Regards,
JoaoHello Joao,
There are two things, which have to be done :
The first thing of course is, that for the field MARA-KZWSM the field
"Propose Field Content from the Reference" must be set in transaction
OMSR.
The second is, that the user have to enter this screen, because if he
don't display this screen, then it is technically not possible to
copy the reference values.
(To copy this data from the reference material you have to go to the
subscreen SAPLMWSM 8030 and press enter).
Regards,
Mauro -
Standard price comes from material master
Dear All
How to get Material master standard price into purchase order instead of Purchase Info record.without creation P.R
best regrads
R.THi,
That can be possible.. Pl go throgh the below process..
IMG- MM- Purchasing - Conditions- Define price determination process-
Define condition type- Select ur condition type(PBXX or PB00)- In condition there is option "Cond.Category" here put T or S.
Then create PO system automaticaly pick ur MAV or standard price from Material master.
Arun
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