Adjusting Lowest LIFO Values

Note Note

When large volumes of data are involved, you should only update LIFO data using background processing.

End of the note.

Procedure

  1. Choose Start of the navigation path Valuation Next navigation step Balance Sheet Valuation Next navigation step LIFO Valuation Next navigation step Perform Check Next navigation step Adjust Lowest Values. Next navigation step The system displays selection screen. End of the navigation path

  2. Enter the Layer Version and LIFO Method . Define for which materials or pools you want to compare the lowest values.

  3. Select Adjustmt Rule and define whether the adjustment should be done net layer by layer, gross layer by layer, or net for all layers together.

  4. Select Price Sel. in the screen box Settings .

On the Phys. Inv. Prices tab page, select the fields that should be taken into account in the lowest value comparison. You can choose different settings for current and old layers.

On the Valuation Alternatives tab page, you can select one or more price indicators for new and old layers. Choose to confirm your entries.

If you are comparing the lowest values for pool LIFO valuation or at company code level, choose Procedure in the screen box Settings . The system displays a dialog box containing the possible procedures. Select the required procedure. Choose to confirm your entries.

  1. In the Update Results screen box, select Layer with Net Values if the net values determined in the layers should be updated.

  1. Choose List format and specify the type of print list that you require.

  2. Choose Execute .

Result

The system displays a list containing the results of the lowest value comparison.

You can analyze the results using the Schedule Manager and the messages using the application log.