Process Flow: Periodic Actual Costing  

Purpose

With this procedure you can use the multilevel price determination functions in the context of actual costing. For more information, see: Periodic Actual Costing.

1. You create a costing run for one period.
   For more information, see Creating a Costing Run.
2. When performing a costing run, you can use the schedule manager to analyze the individual flow steps of the multilevel actual costing. If you carry out the flow steps for multilevel actual costing in the background, you can use the job overview to display your jobs and their statuses.
3. You have the system select the materials, and then check the results of the selection.
   For more information, see Performing a Selection.
4. You have the system determine the costing sequence, and then check the results.
   In this step, the system groups the materials into the sequence of steps that the costing run will follow.
5. For more information, see Determining the Costing Sequence.
6. You allow material price determination for assigned plants and one specific period.
   For more information, see Allowing Material Price Determination.
7. You perform single-level price determination for the costing run, and check the results.
   For more information, see Performing Single-Level Material Price Determination.
8. You perform multilevel price determination for the costing run, and check the results.
   For more information, see Performing Multilevel Material Price Determination.
9. You allow closing entries based on plant, period and fiscal year.
   For more information, see Allowing Closing Entries.
10. You perform the closing entries for single-level and multilevel material price determination. You can choose whether to revaluate the inventories in the period to be settled.
    For more information, see Performing Closing Entries.
11. If in the future you want to adjust your standard prices to reflect your actual prices, you can use the prices calculated in the costing run as the standard prices for the following period. If this is the case, mark the prices from the costing run as future valuation prices and then release them.
    For more information, see Marking Prices for Future Valuation and Releasing Planned Prices.