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Inventory Valuation for Year End Closing SAP Best Practices
©2013 SAP AG. All rights reserved.2 Purpose, Benefits, and Key Process Steps Purpose Within the inventory valuation at the year end, the valuation of the material has to be reviewed considering several valuation approaches. The single-level materials could be determined by lowest value on base of the market price. The produced materials should also be valuated with the lowest value by using the inventory costing with own setting for the valuation variant. Benefits Valuation can consider the valuation request on the basis of local requirements for valuation approaches. Key Process Steps Stock valuation for raw materials, packaging materials and trading goods on base of lowest possible value. Inventory valuation for semi-finished and finished materials on base of local requirements for valuation approaches. Stock value adjustment.
©2013 SAP AG. All rights reserved.3 Required SAP Applications and Company Roles Required SAP Applications Enhancement package 6 for SAP ERP 6.0 Company Roles Warehouse Manager Enterprise Controller Product Cost Controller General Ledger Accountant
©2013 SAP AG. All rights reserved.4 Detailed Process Description Stock valuation, using lowest value principle for raw materials, packaging materials and trading goods. Additional devaluations by movement rate. Inventory costing for finished and semi-finished products, in accordance with the lowest possible value principle. Stock value reporting in form of a comparison analysis. Manual stock value adjustment posting in the Financial Accounting component.
©2013 SAP AG. All rights reserved.5 Process Flow Diagram Inventory Valuation for Year End Closing General Ledger Accountant Product Cost Controller Event Procurement Valuation Posting Planning Procurement of Raw Materials, Packaging Materials and Trading Goods Plan Reconciliation Activity Price Planning Copy Inventory Controlling Version Change to Calculate Rates Based on Capacity (Optional) Price Update - Marking Stock Value Adjustment Plan Based on Capacity Post Book Depreciation as planned values Warehouse Manager Enterprise Controller Determination of Lowest Value for Raw Materials, Packaging Materials and Trading Goods, on the Basis of Market Prices Stock Valuation of Semi Finished and Finished Products – Determination of Lowest Value Using Inventory Costing Analyzing Stock Valuation for Materials Using Price Comparison for Each Material Stock Account / Material Type / Material Revaluation: Set Old Posted Values Depreciation to Zero Plan Price Calculation
©2013 SAP AG. All rights reserved.6 Legend SymbolDescriptionUsage Comments To next / From last Diagram: Leads to the next / previous page of the Diagram Flow chart continues on the next / previous page Hardcopy / Document: Identifies a printed document, report, or form Does not correspond to a task step in a document; instead, it is used to reflect a document generated by a task step; this shape does not have any outgoing flow lines Financial Actuals: Indicates a financial posting document Does not correspond to a task step in a document; instead, it is used to reflect a document generated by a task step; this shape does not have any outgoing flow lines Budget Planning: Indicates a budget planning document Does not correspond to a task step in a document; instead, it is used to reflect a document generated by a task step; this shape does not have any outgoing flow lines Manual Process: Covers a task that is manually done Does not generally correspond to a task step in a document; instead, it is used to reflect a task that is manually performed, such as unloading a truck in the warehouse, which affects the process flow. Existing Version / Data: This block covers data that feeds in from an external process Does not generally correspond to a task step in a document; instead, this shape reflects data coming from an external source; this step does not have any incoming flow lines System Pass / Fail Decision: This block covers an automatic decision made by the software Does not generally correspond to a task step in the document; instead it is used to reflect an automatic decision by the system that is made after a step has been executed. Externalto SAP Business Activity / Event Unit Process Process Reference Sub- Process Reference Process Decision Diagram Connection Hardcopy / Document Financial Actuals Budget Planning Manual Process Existing Version / Data System Pass/Fail Decision SymbolDescriptionUsage Comments Band: Identifies a user role, such as Accounts Payable Clerk or Sales Representative. This band can also identify an organization unit or group, rather than a specific role. The other process flow symbols in this table go into these rows. You have as many rows as required to cover all of the roles in the scenario. Role band contains tasks common to that role. External Events: Contains events that start or end the scenario, or influence the course of events in the scenario. Flow line (solid): Line indicates the normal sequence of steps and direction of flow in the scenario. Flow line (dashed): Line indicates flow to infrequently-used or conditional tasks in a scenario. Line can also lead to documents involved in the process flow. Connects two tasks in a scenario process or a non-step event Business Activity / Event: Identifies an action that either leads into or out of the scenario, or an outside Process that happens during the scenario Does not correspond to a task step in the document Unit Process: Identifies a task that is covered in a step-by-step manner in the scenario Corresponds to a task step in the document Process Reference: If the scenario references another scenario in total, put the scenario number and name here. Corresponds to a task step in the document Sub-Process Reference: If the scenario references another scenario in part, put the scenario number, name, and the step numbers from that scenario here Corresponds to a task step in the document Process Decision: Identifies a decision / branching point, signifying a choice to be made by the end user. Lines represent different choices emerging from different parts of the diamond. Does not usually correspond to a task step in the document; Reflects a choice to be made after step execution
©2013 SAP AG. All rights reserved.7 No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP AG and its affiliated companies ("SAP Group") for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see for additional trademark information and notices.http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark
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