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Material Ledger - Actual / Standard costing

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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  • Posted on Dec 28, 2011 at 05:15 PM

    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

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    • Former Member

      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.

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