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Former Member

FIFO valuation

Dear All,

Want to make balance sheet valuation on FIFO basis.

Done the following:

1. Activate balance sheet valuation (Trans: OMWE) - as LIFO not relevant, FIFO active.

2. Defined LIFO/FIFO valuation levels (Trans: OMWL) - set as Plant (valuationa rea).

3. Configured FIFO Valuation areas for year 2008.

4. Define LIFO/FIFO method (Trans: OMWP) - as CUR - current.

5. No changes made to movements relevant to FIFO (Trans: OMW4) no changes

6. Selection of Material to FIFO (Trans: MRF4), in this getting error

Selected material, entered plant and selected SET indicator executing. The system giving message as 'VALUATION AREA NOT DEFINED FOR FIFO' (M8885).

When entered transaction OMWL (step 2) there is a message showing as 'ENTRIES MADE HERE ARE NOT TRANSPORTED AUTOMATICALLY'. Is this the reason that valuation area defined but not activated or any step I missed in between. Please clarify. If any more steps required to define FIFO valuation in system also please mention.

Regards,

Syed Hussain.

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4 Answers

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    Former Member
    Sep 04, 2008 at 02:17 PM

    Dear,

    YES I GOT IT AND SOLVED THE ISSUE.

    Regards,

    Syed Hussain.

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    Former Member
    Sep 04, 2008 at 02:18 PM

    Solved.

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    Former Member
    Sep 16, 2008 at 04:08 AM

    Hi

    Am also working the same n i hv an issue. Pls give me a solution.

    I want to issue the matl as FIFO order n in GI acct doc it should take the price as per the particular matl procured price n not as per the MAP price.

    Wat r all the settings to be required.

    I hv configured both split valuation n batch management. But i dont know y the Split Valuation is not working. Means while creating matl when selecting val type the system says no values found.

    Pls advice.

    Regards

    Ram

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    Former Member
    Jul 15, 2013 at 04:15 PM

    This message was moderated.

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