Valuation class?
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Answer / pavan
Definition: valuation class
Invoice Verification (MM-IV)
Assignment of a material to a group of G/L accounts
With other factors, the valuation class determines the G/L
accounts that are updated as a result of a valuation-
relevant transaction or event such as a goods movement.
The valuation class makes it possible to:
Post the stock values of materials of the same material
type to different G/L accounts
Post the stock values of materials of different material
types to the same G/L account
cheers pavan
Is This Answer Correct ? | 36 Yes | 7 No |
Answer / guest
the cost of the material will be posted to accounts through
valuation class
Is This Answer Correct ? | 28 Yes | 5 No |
Answer / kopparthy
Valuation class is group of material with the same account
determination.
The link between the valuation class and material group
will establish through the account category referance.
We will assign valuation class to account category
referance and in turn account category referance is
assigned to material group.
At the time creation of material by using the material
group,all the valuation classes are defaulted based on the
account category referance.Since account category referance
is assigne to material group.
Finally in OBYC T.Code we will give account determination
for auto posting to GL Accounts to this valuation class.
Is This Answer Correct ? | 22 Yes | 14 No |
Answer / naveen
A)grouping together of different materials with similar properties into valuation classes,so that you do not have to manage seperate stock account for every material.
B)system refers to the valuation class of a material to determine which stock account to post to when a posting is made for the material.
Is This Answer Correct ? | 9 Yes | 1 No |
Answer / sravya
valuation class will help to determine G/L accounts for inventory accounting documents.
Is This Answer Correct ? | 0 Yes | 0 No |
Materials are valuated under various groups. These groups are called valuation classes.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkatareddy.mettu
Valuation class will help to determine revenue GL A/C for inventory A/C document generate
and the account entry C/D to cost of goods sold D/R
Is This Answer Correct ? | 0 Yes | 1 No |
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