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Material Ledger - Actual / Standard costing

Former Member
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Hi Experts, we need some help in material price determination with material ledger. Due to local regulations, we need to have our material master with price control determination valued to V in local currency, however, due to IFRS regulations, we need to post the group currency (USD) with standard costing.

We've already configured opposite way (local/group currency with price control S and calculation of actual costing with CKMLCP for previous period) but we need something similar for local currency in V price determination.

Any ideas?

Thanks in advance.

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Answers (1)

Answers (1)

srinivasa_maruvada
Active Contributor
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Price control S will change it status as V after running of current month actual costing run. at CKMLCP

Take the reports of previous period after completion of CKMLCP.

Srinivas

Former Member
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Thanks for your response. Yes, CKMLCP will change the price control to V but we need this price in every operation in local currency (price determination 2). Now, in material ledger, we need to post the standard price (by operation or adjusting with a process at the end of the period). This is the scenario that you are saying but backwards.