Actual Costing with the Material Ledger in SAP ERP

Author: Vanda Reis

Learn how to configure the SAP Material Ledger for actual costing. Perform periodic actual costing and actual costing revaluations. Understand the benefits of using the Material Ledger on SAP HANA, and learn how to replicate data to it.

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Summary

Description

Don't let your internal costs mirror ever-changing market fluctuations. Keep things straight and get the complete picture on material valuation and costing with the Material Ledger in this book, from master data setup and configuration, to revaluations. Using a practical approach, helpful steps, and a detailed case study, you'll learn how to set up and configure the Material Ledger, use its different functions for calculations, reports, valuation scenarios, and reap the benefits of SAP HANA. Costing Processes: Cement your Material Ledger foundation: learn about concepts and usage, product cost planning, account determination, and how to choose and implement the best valuation method for different materials. Configuration: Master SAP Material Ledger basic configuration. Set up essential master data, carry out inventory valuation in multiple currencies, and configure your system for other special requirements. Advanced Topics: Learn about approaches to transfer prices and multiple valuation, IFRS, and actual costing cross-company code, and find out what can happen when the Material Ledger runs on SAP HANA. Highlights:

Product cost planning
Actual costing runs
Total cost absorption
Purchase price variance
Manufacturing and overhear variances
Material price determination
COGS/WIP revaluation at actual cost
IFRS
SAP HANA
Integration with Financial Accounting

About the Author

Vanda Reis is a Product Costing and Material Ledger expert who has worked as a consultant and advisor for several of the largest companies worldwide. She has more than 12 years experience with product costing processes including actual costing (material ledger). Vanda has worked for several major SAP accounts as a consultant and advisor for material ledger subject matter. She has written material ledger articles for the Financial Experts magazine, and is a regular contributor to the SAP community.