Creating a Base Layer

Note Note

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

End of the note.

Procedure

To create base layers, proceed as follows:

  1. Choose Start of the navigation path Valuation Next navigation step Balance Sheet Valuation Next navigation step LIFO Valuation Next navigation step Prepare Next navigation step Create Base Layer. Next navigation step The system displays the selection screen. End of the navigation path

  2. Enter the materials and pools for which the system is to create a base layer.

  • Enter the LIFO method that you want to use.

  • If you work with more than one version, enter the version number.

  1. Select the values that are to be used to determine the layer value. You can choose from previous month, month before last, previous year, and year before last.

  2. Select Create Base Layer if you want to update the database.

  3. Select Archive if you want to have the list of base layers optically archived.

  4. Choose Execute .

Result

The system displays a list of materials and pools along with the quantities and values.

See also:

Preparation of LIFO Valuation

LIFO Valuation

Balance Sheet Valuation (MM-IM-VP)