Material Ledger post closing step : without Revaluation options

[Former Member]

Hello Everyone,

When we run CKMLCP, and at the post closing step, the user forgot to check the 3 options to Revaluate inventory, COGS and post CO document.

He run the step and after a while we had the error message M8 147

Account determination for entry COA1 LKW not possible

Then he checked the 3 options and continue with the rest of Materials blocked in this step

My question: What will be the impact on our inventory value? and our COGS?

Are all our inventories valuated at PUP? or it is done just for some of materials?

Could you explain this impact to me

Thank you for your support

[malay_vakil]

Hi,

Material ledger revaluates all materials with price control S & price determination 3. If in CKMLCP closing step if you activate "revaluate invetory" then Inventory will be revaluated. For example for month June 2018 Material X having total variances of 20 $ then below entry will be passed

On 30th June 2018

Inventory A/c 20$ Dr

To PRD A/c 20$ Cr

With same run, having separate reversal document on 1st July

PRD A/c 20$ Dr

To Inventory A/c 20$ Cr

If you do not activate "revaluate inventory" then it will post to Accrual account with key LKW

Regards,
Malay