Year end Valuation of Finished Goods

Hi
We have an issue with respect to valuation of Finished Goods. As of fiscal year, there is some stock of Finished Goods, which is valuated at a certain price. On the first day of the next financial year, we run the standard cost estimate, release it, which would change the price in the material master. however, the stock declared at the end of financial year, cannot be changed in the next financial year. The change should be applicable only for the stock produced in the next financial year. How can we account for it?
Regards
Sanil Bhandari

Dear Sanil,
Try to use MR21. This revaluate the material based on the closing stock as on date, irrespective of produced date.
Hope this could help you out.
Regards
Ashok kumar

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Month-end and year-end valuation differences!

Hı Friends,
What are the differences between Month-end and year end valuation in the system?
Thank you!

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31.12.2010
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Cr/Dr B/s adjustment a/c
01.01.2011
Dr/Cr B/s adjustment a/c
Cr/Dr Forex loss/gain a/c

Split valuation for Finished Goods - Target cost was not updated

Hi,
We are following split valuation for 'Finished goods'.
Valuation typte 1 is for 'manufacture' and
Valuation type 2 is for 'External procurement'
For production orders with this material, we are not getting target costs. It is showing zero.
We have done release of standard cost estimate before creation of production orders and goods receipt for these orders. But still it is not updating.
Pls guide me.
Regards
MadhuSekhar Gupta

Hi,
Thanks for your reply.
At the time of variance calculation only the credit part of target cost will update and at the time of goods receipt debit part of the target cost will update.
Our client has done goods receipt but debit part of the target cost was not updated. and the order status is DLV.
I simulated the scenario in QAS by creating new finished goods materials (Industry-Construction) one is with split valuation and another is without split valuation, then the debit part of target cost was updated at the time of goods receipt and credit part was updated at the time of variance calculation for both the materials. So this problem was not arised because of split valuation.
Was this problem arising because of the material master data, because for one material it is updating and for another it is not for the same configuration?
Regards
MadhuSekhar Gupta
Edited by: gms gupta on Oct 22, 2011 3:39 PM
Edited by: gms gupta on Oct 22, 2011 3:41 PM

Split valuation for Finished goods.

Hello All,
I have an FG which is produced inhouse and also subcontracted.
While implementation the subcontracting scenario was never considered.
Now we have stocks and production orders for that FG and hence split valuation cannot be activated.
Is there any other way out so that I can value the stock seperately for inhouse production and subcontracting in the current situation.
Regards
Vijay Singh.

hi
Split valuation is used for maintaining two different price for same material.
ex:-if you are manufacturing a material, ur manufacturing "X" price is Rs.100/-> But you got order of 100T. But you plant manufactruing capacity is 50T,But you do not want to lose the order,so you procure material "X" from vendor at Rs.110/- to meet customer demand.In this case you have use Split valuation ie.....same material but maintaining two different prices.
The Split Valuation settings are as follows:
1.SPRO> MM>VALN AND ACC ASSIGNMENT> SPLIT VALUATION> Acitvate Split Valuation
2.SPRO> MM>VALN AND ACC ASSIGNMENT> SPLIT VALUATION> Configure Split Valuation
Click on Golbal type: create your own valuation types as Type 1, Type 2 etc
Click on Global categories:create your own Valuation Category as Type(T) and
Activate all valuation types(Type1, Type2 ) for your category(T)
regards
kunal
award if helpful

SQL Query base Finish goods year wise report

Hi
I want to make query base year wise report of Finish Goods.
example like :
Item Name     Year2010-11                           Year2011-12
   abc         Sep   Oct   Nov                 Sep    Oct   Nov
    xyz        5     0      10                   2    5      0
Why this report is need to me because i want to see How old Finish Goods are in the Stock. so that when a delivery make, the person can delivery from old stock first.
Our FY is from September to August
Please help me
Regards,
Mizan
Edited by: mizan700 on Nov 15, 2011 3:28 PM

Hi Eva,
As Sybrand mentioned, you can't create DDL inside a procedure, and you probably don't need a temporary table. Temporary tables in SQL server used to be used to create a read consistent view for the duration of the procedure, but Oracle's multi version concurrent consistency model eliminates this as a need in all but the most remote cases.
Your create table only seems to be used to take arguments from the user, which I don't see in your code.
If I am looking at your code correctly, all you really want to ask the database is the following:
select nvl(sum(dc.daily_count),0)
from daily_counts_summary dc, branch br, division div
where dc.branch_ky = br.branch_ky
    and br.division_ky = div.division_ky
    and dc.transaction_dt = t.trndt
    and dc.commission_cd = 'R'
    and div.division_ky = nvl(v_div_ky,div.division_ky)
    and dc.member_type_cd, 'P'
    and dc.expiration_dt between v_exp_start_dt and v_exp_end_dt;You can do this in Crystal Reports by writing a procedure that has an out parameter of type sys_refcursor. All you have to do is:
create or replace procedure my_proc(p_curs in out sys_refcursor,v_exp_start_dt date,v_exp_end_dt date) is
begin
open p_cur for
select nvl(sum(dc.daily_count),0)
from daily_counts_summary dc, branch br, division div
where dc.branch_ky = br.branch_ky
    and br.division_ky = div.division_ky
    and dc.transaction_dt = t.trndt
    and dc.commission_cd = 'R'
    and div.division_ky = nvl(v_div_ky,div.division_ky)
    and dc.member_type_cd, 'P'
    and dc.expiration_dt between v_exp_start_dt and v_exp_end_dt;
end;
/...or something close to that, with perhaps calls to your date functions to extract what you need.
You also have several syntax errors in your code. I would recommend you get two books if your are going to work with Oracle:
Anything by Tom Kyte
Anything by Steven Feuerstein
These would both be available on amazon.com
HTH,
Steve

Valuation for the Finished Good

I have finished good material with Price Control u201CSu201D with a price of Rs 100.
To make this finished good I need 5 raw materials and all the 5 material masters are having the price control u201CVu201D.
Price of these 5 raw materials is fluctuating and the total cost of the finished good varies accordingly.
Now If I valuate this finished good then the system is valuating this on the price which I have maintained in the FG master (under price control-S i.e Rs 100). But due to the fluctuation of the raw material price, now the FG price is Rs 120 (after adding all the Production charges etc)
I want to valuate the FG stock at Rs 120 not at the Rs 100.Valuation level is maintained at Plant level.
Because of this, huge difference is coming into the stock valuation.

Hi,
I suppose you are trying to change the Standard price in the MMR. It will not work,
Use MR21, enter the material and valuation type and the new price and save. If there is stock, necessary adjustment entry will be passed and the inventory gets valuated with the new Standard price.
Now check the MMR, it will have been updated with the new Standard price
Regards
Merwyn

GL account not to be valued in year end foreign currency revaluation

Hi
I have given payments in USD from my INR bank account. In year end valuation, that account should not be revalued since it is in INR.
so i am putting tick in "Only balance in local currency" in FS00.
Inspite of the tick, that GL account is revalued in FAGL_FC_VAL. Let me know how to prevent the valuation for the same.

There is no exchange revaluation key in the GL account control data section. Infact the field is supressed in FS00
Edited by: Deepak Agrawal on Oct 8, 2009 11:03 AM

Inventory Valuation Difference for Finished Goods

Dear Experts,
I have a following query below when the FG Inventory valuation differences are posted
Finished goods price control is set as u201CSu201D
Eg: In Jan 2010 stock value 1000 ( 100*10)
Feb 2010 , opening stk of 1000 ( 100 units * 10 per piece)
In Feb 2010 , FG price has changed to 12 per piece ( Standard cost estimate executed)
System has posted the price difference entry
Debit FG stock 200/-
Credit Inv Price Diff 200/-
Now the query is, stocks pertaining to Jan 2010 are lying in Feb 2010,
When Inventory valuation is done, my profit is overstated in Feb 2010 for Jan 2010 stocks by 200/-
Is there any way to handle in SAP that it would post the price diff in Jan 2010, instead of Feb2010.
Advance thanks
Sanjai

Dear Ajay,
I will release std cost est in Jan and also in Feb.
But since the Jan stock is carried to Feb, during the month end when I value the FG , price difference for Jan stock is posted in Feb .
Currently the client wants to value the stock on actual basis, what is the best option to overcome. we are in BBP stage
Eg Jan stock value is 2000 ( 200*10)
     Feb Stock Value of goods produced in Feb is (100*12) 1200
     Feb end stock as per the client it should be 2000+1200 = 3200
     Note - But as per standard costing my price will be 3600 ( 300*12
Thanks
Sanjai

How do we track Serial No of Finished Goods in 3rd year of Sales

What is the tracking system of finished goods with their respective Serial.No during:
a) The current financial year
b) The previous financial year
c) Received during the warranty period ie in the 3rd year.
How do we track the Sales Invoice No and Delivery Challan No of the Finished Goods in the 3rd year of Financial period.
Ex Goods sold in the year 2006 with 5 year warranty and now we are in 3rd year and the Goods have come back under Warranty Period.User needs to check the Serial No, Sales Invoice No, Party Name......
Is there any Query......... or System by which we can find out...

Hi,
When you delivery the finished goods to Customer, "Customer Equipment Card" and "Service Contract" will be automatically created. It has link to the Business partner.
In your case, You are providing Warranty for 5 yrs. Then your service contract will be created for 5 yrs for that Business partner. You can link the Warranty type in the Business Partner Master data itself. (ie., There will be an field called "Warranty" in BP master). According to it the Service contract will be created.
"Customer equipment card" will be created for all serial number managed items automatically when delivery is made.
So, when the finished goods come into your company for service, You will open "Service Call". In that Service call you will enter the customer code. After entering the customer name just come to "Serial Number" Field and click tab. The Serial number items which is sold to that customer will be listed. Choose the finished goods which comes for service from that list.
I hope this could help you.
Regards
Raja.S

Finished Goods valuation at Moving average price.

Dear Experts,
My client needs all finished goods are to be valuated at Price Control of <b>V</b> and it has to update the price in the material master when the production order is confirmed for finished goods on a real time basis.
Is there any configuration for this upart from changing the valuation type from S to V in the Material Master.
Please help on this. It is very urgent and I will be grateful for all of you.
Thanks and Regards
Sivakumar Subramanian

The valuation of material happens based on price control in the material master.
thanks
Ashok

Differentiation of raw material and finished goods from tax / valuation

Hi,
There are certain materials which are sometimes produced inhouse (considered as finished goods) and sometimes procured from outside (considered as raw material) i.e the same material can be raw material or finished goods depending on its use. Taxes and valuations are different depending on whether the material is RM (Raw material ) or FG (Finished goods) . How can we differentiate if we intend to have the same material number. Do not intend to have split valuation.
Thanks in advance .
With regards,
Mrinal

You cannot differemntiate them. Only way to differentiate such materials is by either by different codes, or by split valuation.

FC valuation year end

Dear Experts,
While executing Foreign currency valuation Vendors/Customers (F.05) at year end, (Fiscal year Jan-Dec) system is posting FC valuation entry and reversal entry also. (Once we executed F.05, by selecting "Posting" button we are able to see the documents) as per requirement at year end this FC valuation entry should not reversed.
we haven't entered "Reversal posting date, Reverse post. period, Reverse posting (check box) while executing F.05
Please suggest me
Regards
babu.

valuation is done for open items as well as cleared items.
it is called realised loss/gain and unrealised gain/loss.
for open items it is called unrealised loss/gain which would be reversed on first day of next period.
for cleared items it is called realised loss/gain which would not be reversed.
so the reversal you see is because of open items being valuated.
you can not call it as a loss or gain because as of today it mat be a loss or gain but on the day of clearing it can be the sam eor different.

Confirmation of Finish Goods Non Valuated for MTO

Hello SAPper Friends,
I was doing a Make to Order production with Strategy 20. When I was doing the confirmation with at least four operations, in the first operation was fine, movement type 261 was posted for the components and also in the last operation I have successfully confirmed the production order for the Finish Goods. However when I checked in CO03 - Display Production Order > Goto > Documented Goods Movements, the Finish Goods has a goods movement = 4 - Goods REceipt for Production, Movement Type = 101 with D/C indicator = S with the Amount in LC = 0.00.
It was only now that I have taken notice of this. How can I check cost of the production order if these is no cost provided by te confirmation? Please assist me to have this validated.
Many Thanks,
Nap

Hello Mario,
Thank you very much for your assistance. Btw, I have informed already the client of the strategy 20 that will answer their problem regarding the MTO, i was not aware of the product costing. I have checked that there is a strategy group 25 that might be resulting with a cost for the production of the Finish Goods.
I need to check on this, again.
Many Thanks,
Nap

Combining CPU(Critical patch Updates) with Year-End patches, good/bad idea?

Hello all,
I hoping to get some expert opinion on some upcoming patches to our environment. We are 3 releases being on applying CPU's to our environment and it is that time of year where testing is needed for Year-end patches. Does anyone see any issues with combining the year-end and CPU's? Would it be recommended that we hold off on the applying CPU's because of not experiencing any major problems in our environement, then schedule to gradually get up to date once the year-end patches are in place?
The desire to install CPU's is to not fall too far being on the CPU's.
Thanks in advance for any recommendations.

My recommendation is to combine the CPUs with the rest of your patches. CPUs do not affect functionality - they patch security holes/issues in software. Since you will be testing for yearend patches, you can take advantage of this opportunity to also include CPU patches, else separate testing and downtime will be required for the CPU patches. This is the approach we have in our organization. We have yet to encounter an issue with this approach.
HTH
Srini

FI Year End Closing

hi...
pls tell me t.code for following List for FI Year End Closing
1 Execute Report for InterCompany Activity & Journal Entries
2 Open posting period for next yr
3 Run Business Area's Assignment report.
4 Review list of recurring journal entries
5 Execute Recurring Entries for A/R, A/P, G/L
6 Process Parked A/R, A/P, G/L accounting documents
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
8 Run Depreciation in Test Run and post
9 Verify Display Log for Depreciation Test Run
10 Capitalize AUC Assets if needed
11 Enter Payroll Data to SAP
12 Verify Depreciation Balances with GL balances
13 Post Depreciation
14 Execute Asset History Report, and retire assets if needed
15 Adjust specific depreciation areas if necessary
16 Reconcile AM subledger with GL
17 Check Bank Data
18 Review AR Open Items
19 Review AP Open Items
20 Execute Pending Invoices
21 Clear Open Item for GRIR, freight
22 Reconciliation of Financial Documents and transactional figures
23 Open new CO Posting Period
24 Compare current (cost estimates) with last current price (Moving Avg)
25 Update current cost price to material master price field.
26 Process Freight charges, Match SD freight to actual
27 Review Internal Order Postings
28 Settle All Orders
29 Verify All Post Goods Issue have been Invoiced (Billing Due List)
30 Review SD Billng Doc from prior mth that have not yet been released to accounting
31 Reconciliation of MM movements in Transit Intra-SAP to NonSAP
32 Reconcile PI Inventory with SAP
33 Perform Manual Adjustment if needed
34 Verify balance of the GR/IR account
35 Post Accruals and Deferrals
36 Clearing of Cancelled Documents
37 Check Profitability Segment Adjustment
38 Aging Report-Reconcile GL balances with subledger balances AP
39 Check the check run numbers
40 Bank reconciliation Data
41 Enter Tax Journal Entry
42 Reconcile GL balances with subledger balances AR/MM/AP
43 Display Balance Sheet Adjustments
44 Post Balance Sheet Adjustments
45 Post Foreign Currency Valuation (foreign exchange)
46 Check generic cost centers for posting with wrong accounts
47 Correct wrong postings on generic cost centers
48 Check Validation dates for Cost Centers, Cost Elements, CO area
49 Check COGI--for both month end and year end
50 Doubtful receiviables
51 Verify In-transist Inventory
52 Reconcile PA to G/L
53 Post Cost Centre Assessments and Distributions
54 Run CO-FI Reconciliation to balance
55 Run BW reports P&L and Balance Sheet
56 Maintain CO yr variant
57 Fiscal Yr Balance carryforward AP/AR/AM
58 Fiscal Yr Balance carryforward CO
59 Fiscal Yr balance carryforward FI
60 Fiscal Yr balance carryforward PCA
61 Set Document number ranges - FI - new year
62 Set Document number ranges AP/AR - new year
63 Generate Financial statement Reports
64 Change Fiscal Year For Assets
65 Year end Closing-- Asset Accounting--final for year end
66 Close CO Posting Period
67 Close Prior A/R Posting Period
68 Close Prior A/P Posting Period
69 Close Prior MM Posting Period
70 Reverse accruals and deferrals for the new month
71 Reconciliation of Financial Documents from old fiscal year and new fiscal year
72 Load Balances, Budget Data for Cost centers, sales
73 Update Retained Earning Account , balance carry fwd
Thanks & Regards
Rekha Sharma

Hi,
Please check this
1 Execute Report for Inter Company Activity & Journal Entries
2 Open posting period for next yr (T.Code: OB52)
3 Run Business Areau2019s Assignment report. (T.Code: F.50)
4 Review list of recurring journal entries (T.Code: FBD3)
5 Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)
6 Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
8 Run Depreciation in Test Run and post (T.Code: AFAB)
9 Verify Display Log for Depreciation Test Run (T.Code: AFBP)
10 Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
11 Enter Payroll Data to SAP (T.Code: CAT2)
12 Verify Depreciation Balances with GL balances ( T.Code: ABST2)
13 Post Depreciation (T.Code: AFAB)
14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
15 Adjust specific depreciation areas if necessary (T.Code: ABCO)
16 Reconcile AM sub ledger with GL (T.Code: ABST2)
17 Check Bank Data (T.Code: S_P99_41000212)
18 Review AR Open Items (T.Code: FBL5N)
19 Review AP Open Items (FBL1N)
20 Execute Pending Invoices(T.Code: MRBP)
21 Clear Open Item for GRIR, freight (T.Code: F.13)
22 Reconciliation of Financial Documents and transactional figures (F.03)
23 Open new CO Posting Period: (T.Code: OKP1)
24 Compare current (cost estimates) with last current price (Moving Avg) ( T.Code: OKBH)
25 Update current cost price to material master price field (T.Code: CK11N, CK24)
26 Process Freight charges, Match SD freight to actual (T.Code: V-31)
27 Review Internal Order Postings(T.Code: OKSA)
28 Settle All Orders (T.Code: KO88)
29 Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
30 Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code : F.2D)
31 Reconciliation of MM movements in Transit Intra-SAP to Non SAP
32 Reconcile PI Inventory with SAP (T.Code: MI07)
33 Perform Manual Adjustment if needed (T.Code: F-02, FB50)
34 Verify balance of the GR/IR account ( T.Code: MB5S)
35 Post Accruals and Deferrals (T.Code: FBS1)
36 Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)
37 Check Profitability Segment Adjustment (T.Code: KISR)
38 Aging Report-Reconcile GL balances with sub ledger balances AP ( T.code: FBL1N, FBL5N, FBL3N)
39 Check the check run numbers (T.Code: FCH1, FCHI)
40 Bank reconciliation Data (T.Code: FF67 & FEBA)
41 Enter Tax Journal Entry (T.Code: FB41)
42 Reconcile GL balances with sub ledger balances AR/MM/AP ( T.Code: F.03)
43 Display Balance Sheet Adjustments (T.Code: F.5F)
44 Post Balance Sheet Adjustments (T.Code: F.5E)
45 Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
46 Check generic cost centers for posting with wrong accounts
47 Correct wrong postings on generic cost centers
48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)
49 Check COGIu2013for both month end and year end
50 Doubtful receivables (T.Code : F104)
51 Verify In-transit Inventory
52 Reconcile PA to G/L (T.Code: KE5U)
53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)
54 Run CO-FI Reconciliation to balance (T.Code: KALC)
55 Run BW reports P&L and Balance Sheet
56 Maintain CO yr variant (T.Code: KCRQ)
57 Fiscal Yr Balance carry forward AP/AR/AM (T.Code: F.07,
58 Fiscal Yr Balance carry forward CO (T.Code: CXS1)
59 Fiscal Yr balance carry forward FI ( T.Code: F.16)
60 Fiscal Yr balance carry forward PCA (T.Code: 2KES)
61 Set Document number ranges - FI - new year (T.Code: OBH2, OBA7)
62 Set Document number ranges AP/AR - new year (OBA7)
63 Generate Financial statement Reports ( T.Code:OB58) OR (T.Code: FSE2)
64 Change Fiscal Year For Assets (T.Code: AJRW)
65 Year end Closingu2013 Asset Accountingu2013final for year end (T.Code: AJAB)
66 Close CO Posting Period : (T.Code: OKP1)
67 Close Prior A/R Posting Period ( T.Code: OB52)
68 Close Prior A/P Posting Period (T.Code: OB52)
69 Close Prior MM Posting Period (T.Code: OMSY)
70 Reverse accruals and deferrals for the new month (T.Code: F.81)
71 Reconciliation of Financial Documents from old fiscal year and new fiscal year ( T.Code: FNSL)
72 Load Balances, Budget Data for Cost centers, sales
73 Update Retained Earning Account , balance carry fwd (T.Code: F.16)
Regards,

Year end Valuation of Finished Goods

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