Why do we need Accouting 2 View ?

Question

In SPRO, what is the use of filling the Accounting 2 view information. Is there any literature out there available to read about it or can someone briefly explain it.
Thanks

Answer 1

Hi Raj
Accounting 2 is in Material Master and NOT in SPRO.
In this screen, you can maintain the following details.
On the left side, you can maintain Price at which the material is valuated for reasons of tax law.  On the right side, you can maintain Price at which the material is valuated for commercial purposes
A devaluation indicator representing the number of years a material has already been classed as "slow or non-moving".
Price Unit is where you maintain Number of units of measure to which the price related in the previous year.
<b>Example</b>
10 gallons of fuel cost $50.00. In this case, the price unit was 10.
LIFO/FIFO Determines whether the material or the movement type is relevant to LIFO and FIFO valuation.
LIFO Pool is where you can maintain Materials to be valuated together are grouped under a pool number.
<b>Procedure</b>
If a material is to be valuated in a pool, a pool must be entered in the material master record. There are two possible options:
-->   Pool formation via the valuation menu
        In customizing for valuation, pool allocation can be set depending on material type and quantity unit. When forming a pool, the pool number is entered in the relevant material master records according to the customizing setting.
-->   Entering a pool number when creating or changing the material master record
        A check is not made whether the pool number entered corresponds to the allocation set in customizing.
<b>Dependencies</b>
The pool number is only important if the field LIFO_relevant is selected.
Thanks
G. Lakshmipathi