Preparing Market Prices 

Use

This function collects the market prices (independently of balance sheet valuation) and stores them under different price types.

Prerequisites

You have implemented Inventory Accounting.

You have the necessary authorizations for balance sheet valuation.

You have created the intermediate layer for incoming invoices.

You have created rules for balance sheet valuation.

You have created a rule for market prices and a rule for market price analysis. These rules are technically independent of each other, but since the price variant is always updated at the same time, it is recommended that the price variant be the same for both rules.

Procedure

...

       1.      You are on the initial screen for preparing the market prices (transaction FAIB04). Enter the company code. Under Parameters, the system proposes the period and fiscal year. Select a price variant.
For the Processing Options the default is a test run, which does not post any data. Background Processing improves system performance, while Parallel Processing reduces it. If you select Detailed Lists, the next step takes you to a detailed results list. Choose  with quick info Execute.

       2.      The list of prices is displayed.

Result

You can use the market prices for execution of balance sheet valuation with the balance sheet valuation procedure Market Price Analysis.