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Former Member
Mar 07, 2009 at 12:16 AM

How to activate FIFO Valuation?

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Hi,

We need to follow the steps if we need to valuate our inventory by means of FIFO Scenario (I got the link from SDN)

1. In T-code OMWE, activate the balance sheet valuation as LIFO Valuation not active & FIFO Valuation active.

2. In T-code MRLH, FIFO Maintained at company code or plant level.

3. In T-code OMWL, set mean receipt price at valuation ares level if Plant or at company code level if at company code level.

4. Configure FIFO Valuation ares for teh respective year.

5. In T-code OMWP, Configure FIFO Method.

6. In T-code OMW4, Movemnet type settings for FIFO maintained. Generally, no chnages made.

7. Select material for FIFO in Tcode MRF4.

8. Execute FIFO Valuation- Tcode MRF1.

1. When do we need to execute T Code MRF1? Do we need to run the same on period closing or daily basis & by whom- MM or FI ?

2. What will happen in the case of Stock Transfer? Will it transfer the Material with Price of FIRST Stocks received?

3. Can we activate the LIFO/ FIFO in Material Master (in Accounting View) for all the Materials during Material creation only?

4. Is it mandatory to activate Batch Management to achieve FIFO Valuation?

Regards,

Aditi