Determination of FIFO Valuation Areas

Use

Function

Settings in Customizing for Valuation and Account Assignment

Define the FIFO valuation areas.

Start of the navigation path Balance Sheet Valuation Procedures Next navigation step Configure LIFO/FIFO Methods Next navigation step FIFO Next navigation step Configure FIFO Valuation Areas End of the navigation path

The system only runs FIFO valuation for valuation areas that have been maintained. Assign the year of the first FIFO valuation in the system to each FIFO valuation area as the base year for that valuation area.