material master - accounting view 1

[Former Member]

Hi experts,

I forgot to mention the standard price in accounting 1 view before saving a newly created material and now the field appears greyed out when I try to enter the value in MM02. Is it possible to fix this issue?

Thank you very much for your time.

[former_member184666 · Accepted solution]

Hi Sethuraman,

1. Go to Tcode MR21 enter the plant and press enter.
2. Enter the material number, valuation type and new price and SAVE.
3. Now new price maintained will be updated in material master.

Thanks & Regards,

Ramagiri

[Former Member · Accepted solution]

Thanks for the reply. I am not able to enter any data in the 'valuation type' column. I get a message that 'no valuation types found for the material'. In MM01 - Accounting 1, I have mentioned 'valuation category' as B and 'valuation class' as 3000.

[former_member184666 · Accepted solution]

Hi Sethuraman,

Do not enter any valuation type. Just enter material number and press enter. Maintain the New price and save. Check in MM02 if value is not updated then you have to run standard cost estimate for the material.

Read the below doc for standard cost estimate.

Thanks & Regards,

Ramagiri

[Former Member · Accepted solution]

Thanks for the reply. It doesn't allow me to save without entering the valuation type.

[former_member184666 · Accepted solution]

Hi Sethuraman,

If Price control for the material is maintained as V, then using MR21 price can be maintained. In your case price control is 'S' Standard price hence standard cost estimate to be run for updating the standard price in material master.

Below is the procedure to do standard cost estimate and update the standard price in materials master:

Prerequsites:

1. BOM and Routing Master data.
2. Rates in KP26 for Activity Types for the combination of cost center and activity types in the restective period.

Procedure:

1. Go to tcode CK11N - Ente the Material number, Plant, Costing Variant and Costing Version and press enter twice.
2. Material wise and activity wise cost details will be displayed. If any error are there click on error log for rectifying the same.
3. Click on SAVE for saving the cost estimate.
4. Now you need to mark and release the cost estimate. Go to tcode CK24. Enter the period and year. Eg; Current month - 3 and 2014.
5. Enter the company code, plant and material number. Un check  Test run.
6. Click on Marking Allowance. Another screen will come -Select the company code another pop up will come -enter the costing variant and SAVE. Come back and click on the execute button on previous screen. Message will be displayed as " materals cost estimates were updated succesfully". Come back to initial screen.
7. Click on Release on application tool bar. Then click on Execute button. System will display the message as 'Price Document updated". Come back.
8. Now Go to Material Master - Acounting view standard price gets updated.

Thanks & Regards,

Ramagiri

[former_member324362 · Accepted solution]

before posting Make sure also there is no material stock not to update financial document.