Using this function, you can change prices, mark prices for change, and release prices for material valuation.

If the material ledger is active, a price change for a material with price determination 3 (single- and multilevel material price determination) is only possible if there have been no goods movements relevant to valuation and no incoming invoices for the material in the period.

If the material ledger is not active, you can always change material prices regardless which price control has been set for the material.

• If a material is valuated at the standard price, it is always valuated at the same price. The development of delivered prices is included in the material master for statistical purposes, but not used for material valuation. The price differences are posted to a price difference account.
• If a material is valuated at the moving average price, the price changes with every goods movement and incoming invoice if the purchase order price or invoice price varies from the moving average price. In other words, the price automatically reflects the delivered price.

You can make a price change in the following ways:

If you activated the material ledger, you can maintain valuation prices independent of one another in up to three currencies and/or valuations. If the material ledger is not active, you only maintain the valuation prices in company code currency with legal valuation. You can perform the following functions:

You can change current material valuation prices retroactively or at the current date. To do so, enter the posting date and company code in the selection screen.

You can debit and credit materials retroactively and at the current date. To do so, enter the posting date and company code in the selection screen.

You can maintain future price for materials as follows:

You can release planned prices for material valuation in the following ways:

• Manually using the price release functions
• Automatically using the settings for Dynamic Price Release in Customizing
  Planned prices are released automatically upon the first goods movement or invoice receipt in a period. A manual price release is necessary for materials with no goods movements or invoice receipts.
  

If multiple planned prices exist for a material, the system selects a price according to the following priorities:

1. Marked standard cost estimate



2. Manually maintained future valuation price

In order to simplify maintaining valuation prices independent of one another in the transaction Maintain Future Prices; you can influence how the amounts in the different currencies and valuations are translated from currency to currency and valuation to valuation. You can overwrite the translated amounts manually if you activate manual individual maintenance in the transaction.