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    Activities Done To Remove The Errors in Costing Run/variance Calculation/settlement Request No's

    Uploaded by

    Hridya Prasad
    1. Various activities were undertaken to resolve errors in costing, variance calculation, and settlement including manually entering material prices, configuring quantity structures, inventory and valuation settings for job orders, and correcting valuation classes. 2. A production order was created and released to demonstrate the process flow for seeing finished good valuation before and after a price change. 3. Period end activities like setting a cut-off period, running WIP calculation, variance calculation, and variance settlement were demonstrated. 4. An example was shown where the material price was changed from Rs. 1 to Rs. 1.05, resulting in a variance that increased the total value.

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    Activities Done To Remove The Errors in Costing Run/variance Calculation/settlement Request No's

    Uploaded by

    Hridya Prasad
    39 views17 pages
    1. Various activities were undertaken to resolve errors in costing, variance calculation, and settlement including manually entering material prices, configuring quantity structures, inventory and valuation settings for job orders, and correcting valuation classes. 2. A production order was created and released to demonstrate the process flow for seeing finished good valuation before and after a price change. 3. Period end activities like setting a cut-off period, running WIP calculation, variance calculation, and variance settlement were demonstrated. 4. An example was shown where the material price was changed from Rs. 1 to Rs. 1.05, resulting in a variance that increased the total value.

    Original Description:

    Month closing

    Original Title

    Asset Month Closing Steps

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    1. Various activities were undertaken to resolve errors in costing, variance calculation, and settlement including manually entering material prices, configuring quantity structures, inventory and valuation settings for job orders, and correcting valuation classes. 2. A production order was created and released to demonstrate the process flow for seeing finished good valuation before and after a price change. 3. Period end activities like setting a cut-off period, running WIP calculation, variance calculation, and variance settlement were demonstrated. 4. An example was shown where the material price was changed from Rs. 1 to Rs. 1.05, resulting in a variance that increased the total value.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    39 views17 pages

    Activities Done To Remove The Errors in Costing Run/variance Calculation/settlement Request No's

    Uploaded by

    Hridya Prasad
    1. Various activities were undertaken to resolve errors in costing, variance calculation, and settlement including manually entering material prices, configuring quantity structures, inventory and valuation settings for job orders, and correcting valuation classes. 2. A production order was created and released to demonstrate the process flow for seeing finished good valuation before and after a price change. 3. Period end activities like setting a cut-off period, running WIP calculation, variance calculation, and variance settlement were demonstrated. 4. An example was shown where the material price was changed from Rs. 1 to Rs. 1.05, resulting in a variance that increased the total value.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 17

    Activities done to remove the errors in costing run/variance calculation/settlement

    Request no’s

    No’s Request no Userid Description Status


    1 VPDK903615 VINAY Costing variant Not released
    OSL
    2 VPDK903621 ABAPDEV1 Costing user Not released
    exit
    3 VPDK903627 VINAY JOB WORK Not released
    OBYC BSX -
    CREATED N
    ASSIGNED
    NEWGL
    2201115

    4 VPDK903629 VINAY JOB WORK Not released


    UMB -
    CREATED N
    ASSIGNED
    GL 422502

    5 VPDK903633 ABAPDEV1 Changes in cost Not released


    component
    strucure for
    cost
    lement4105060
    6 VPDK903635 ABAPDEV1 OBYC - 3300 Not released
    gbb-vbr
    4101060
    7 VPDK903637 ABAPDEV1 UMB 2050 - Not released
    GL account
    4205225
    8 VPDK903639 ABAPDEV1 Variance Not released
    calculation
    error in
    versions
    Costing Run status

    Some of the activities which we have done to clear the errors

    1) We have entered manually the material prices in the system...

    2) With quantity structure has to be ticked for all the FG materials

    3) INVENORY - JOB WORK CONFIGURED FOR BSX 2201115

    4) IN UMB CONFIGURED REVALUTAION PRICE DIFFERENCE WITH THE


    FOLLOWING GL ACCOUNT JOB WORK UMB - CREATED N ASSIGNED GL

    4225026(FOR 300J, 3003, 3001cLASS)

    5) Valuation classes was wrong for some of the materials. For this stock has to be
    transferred. Purchase orders and production orders need to be deleted to change valuation
    class in material master to the correct valuation class

    6) 4105060 cost element is not assigned to cost component structure - configured the
    same

    7) Valuation types were missing - entered valuation types (MM01)

    8) Automatic batch X has been activated for some materials (tcode: OMWC) in split
    valuation
    "Please check the valuation catergory as 'H' and then enter the valuation type" and after
    that if no price then enter the price from tcode: MR21

    9) VPDK903635 (request no’s) - OBYC - 3300 gbb-vbr 4101060 (configured


    consumption a/c)

    10) UMB 3050 – 4205225 ( Configured revaluation )

    11) VPDK903639 (request no’s) Variance calculation error in versions


    Process Flow to see the FG valuation before and after price change

    Material master price now is Rs.1 (before variance settlement)


    Create a Production order (tcode: CO01) and then release (Ctrl +F1)

    Then again select the order in change mode and click on Component overview (F6) to
    give automatic backflush option (to bring the plan quantities and make necessary qty
    adjustments as per actual production)
    Select Backflush option as shown above and then click save. Then confirm the
    production order with tcode: CO15 as shown below:
    Click on Goods movement and enter actual qty of raw material consumed and batch
    Click save and the system confirms for the same as below
    Then view the production order target and actual costs in Tcode:CO03 and from the menu
    select goto->costs->analysis

    Period end activities as follows:

    Step 1: Set the cut-off period before WIP calculation (tcode: KKA0)
    Step 2: Run the WIP (tcode: KKAX for individual order and KKAY for all orders in a
    plant)

    Click execute
    Step 3: Variance calculation (Individual order: KKS2 and collective order KKS1)

    Click execute and to see the variance break-up, select the layout as shown beow
    Select variance categories (1SAP S04)
    Step 4: Variance Settlement (individual order KO88, All orders in a plant CO88)

    Click execute
    Click on detail list (ctrl+shift+F3)

    Click on accounting docs


    In the material master, the price has been changed as below:
    Now the new price is Rs. 1.05

    Old qty as per first screen : 23052.100 Old total Value: Rs. 23052
    New qty as per last screen: 23062.100 New total value: (23052+ vairance1085) = 24137
    Therefore Old price = 23052 / 23052.100 = Rs.1
    New Price = 24137/23062.100 = Rs. 1.05 (this is shown now in the material master)

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