Closing Entry Run without "Revaluation of Consumption Checkbox"

[Former Member]

Hi gurus,

I have a very important problem and I need to close the period as soon as possible.

I did closing entry run for an individual material without the Revaluation of Consumption checkbox. CO object revaluation is active for the consumption alternatives (Both for CO and FI revaluation). We see normal postings (with checbox filled) with profitability (CO-PA) object.

What are the postings that ML did in both FI side and CO side. When I looked at the posting price differences are distributed for each single profitability(CO-PA) object in CKM3 view. Also related amount sent to ending inventory (both in CKM3 view and with FI stock account postings).

Under this conditions, COGS account are posted still with standard price rather then actual price. Am I right. So, for the correct result, should we post the related amount (actual - std price difference X sold amount) to the COGS account?

On the other hand, how will be the CO-PA posting at the end of the period. As you know the actual prices are taken from ML and COGS accounts are posted with standard prices. Therefore, CO-PA COGS amount will not be actual amount. Am I right.

Thanks in advance.

Ahmet

[Former Member]

Revaluation means that all the materials consumed at various levels , those can be consumed at another level to produce high level materials or it could have been sold. All the consumptions would be revaluated with Actual costs, these are presently valuated at Std costs.

If you have done the required configuration, the revaluations are even posted to COPA where the COGM or COGS which are at std costs are replaced with actual costs.

[Former Member]

Hi,

I know the revaluation procedure. I did related configuration but at the closing entry step of CKMLCP I did not checked the box "Revaluate Consumption". So I think that consumptions are not revaluted. Am I right?

Please consider this information before reply. What are/are not the ML posting for FI and CO?

Thanks.

[Former Member]

Yes, but you can easily confirm to check any of the consumption entries of semi finished or salable materials, whether they are at std cost or revaluated actual cost??

And I dont understand what you mean by What are/are not the ML posting for FI and CO?

ML Posting for revaluation affects FI also.....if that is what you mean....

[Former Member]

Hi,

I mean system has two different kind of postings, one of that is FI posting (legal) and the other is CO posting with cost elements (statistical like cost allocations). I run the step Consumption revaluation in CKMLCP and price differences distributed in CKM3 view. But as you know that actual postings are done in the closing entry step and I do not check the box of revaluate consumption in the closing entry parameters, actually price differences are not posted to consumptions rather CKM3 view changed.

Therefore, COGS account posted with srtandart prices rather than actual prices because we did not checked the "revaluate consumption box". In order to fix the situation (actual-standart differences) should we post the related price difference amount to the COGS account.

Ahmet