Show TOC

 Customizing for Calculating the Cost of Goods Manufactured and Closing Entries Locate this document in the navigation structure

 

You must have activated the enterprise extension EA-FIN in order to be able to work with the alternative valuation run in the material ledger.

You have made the following Customizing settings so that you can calculate the cost of goods manufactured in accordance with two accounting principles, and can perform the closing entries:

  1. In Customizing for Controlling, you have checked the settings for the activity update and credit of cost centers in the material ledger under   Product Cost Controlling   Actual Costing/Material Ledger   Actual Costing   Activate Actual Costing  .

    Here you have defined that the activity update for the price calculation in the material ledger is taken into account, and that the cost centers are credited using the periodic costing run (transaction CKMLCP).

    If you generally use actual costs, the periodic costing run posts for the global accounting principle and the alternative valuation run posts for the local and additional accounting principles.

  2. In Customizing for Controlling under   Product Cost Controlling   Actual Costing/Material Ledger   Actual Costing   Multiple Valuation of Cost of Goods Manufactured  , you have configured the following settings:

    1. You defined in the material ledger those accounting principles for which you want to perform closing entries under Transfer Closing Entries from Material Ledger to Controlling.

      Here you have defined, for example, that the prices of the leading version are included in the periodic costing run (transaction CKMLCP) and the prices of the additional versions are included in the alternative valuation run (transaction CKMLCPAVR). You specified in addition that the closing entries from the periodic costing run should flow into the international accounting principle (for IFRS, for example) and the closing entries from the alternative valuation flow into the local accounting principle and additional accounting principles.

    2. If you are working in general ledger accounting with the account solution, you have specified to which accounts are to be posted under Define Alternative Accounts for Material Ledger Postings.

      Note Note

      As an alternative to this Customizing activity, the Business Add-In BAdI: Exchange of Accounts Based on Accounting Principle is available.

      End of the note.

More Information

Cost of Goods Manufactured and Inventory Values