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Former Member

what is valuation class

what is valuation class? where do we make settings for it?

Can we make new valuation class?

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  • author's profile photo Former Member
    Former Member
    Posted on May 28, 2008 at 12:06 PM

    Hi

    Assignment of a material to a group of G/L accounts

    With other factors, the valuation class determines the G/L accounts that are updated as a result of a valuation-relevant transaction or event such as a goods movement.

    The valuation class makes it possible to:

    Post the stock values of materials of the same material type to different G/L accounts

    Post the stock values of materials of different material types to the same G/L account

    Yes you can create new valuation Classes

    You can define the Valuation Calsses in Transaction OMSK or SPRO-> MATerails Management-> Valuation and Account Assignment-> Account Determination-> Account Determination Without Wizard-> Define Valuation Classes

    Under valuation class, define the valuation classes for each account category reference.

    Thanks & Regards

    Kishore

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    • Former Member

      Hi,

      Valuation Class is used for account assignment on the basis specific to the material type and material. It is a key element for automatic account determination process

      If material is valuated, you have to enter u201CValuation Classu201D in accounting-1 view during creation of material.

      With out valuation class you can not use the material for different process and it is not possible to track the material by FI

      Spro>MM>Valuation and Account Assignment>Account Determination>Account Determination Without Wizard>Define Valuation Classes>Valuation Class

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