Selection of Materials Relevant to FIFO

Use

In the case of all materials relevant for FIFO valuation, you must select the field LIFO/FIFO relevant on the accounting screen of the material master.

Activities

Individual Maintenance

When you create a material master record, you can select the field LIFO/FIFO relevant on the accounting screen.

You can change the material master record for an existing material and select the indicator on the accounting screen.

Collective Maintenance

You can select a number of materials together for FIFO valuation or delete existing selections.

Note Note

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

End of the note.

To carry out collective maintenance, proceed as follows:

  1. Choose Start of the navigation path Logistics Next navigation step Materials Management Next navigation step Valuation Next navigation step Valuation Next navigation step Balance Sheet Valuation Next navigation step FIFO Valuation Next navigation step Prepare Next navigation step Select Materials. End of the navigation path

  2. The system displays the Select Materials screen.

  3. Enter data as required. You can narrow down the selection of materials by using the company code, valuation area, material numbers, material types, material groups and creation dates.

  4. Select whether you want to Set or Remove the LIFO/FIFO indicator.

  5. Select Material Master and FIFO File if you want the data to be updated.

  6. Choose Execute .

The system issues a log listing all the materials involved.

See also:

FIFO Valuation

Balance Sheet Valuation (MM-IM-VP)