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ERPCorp SAP FICO Blog
- Category: Blog
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By John Jordan
What's the difference between process and production orders in SAP S/4HANA?
SAP process orders provide more functionality than production orders, including phases and process instructions for process industries.
When you create production orders, a routing and a bill of material (BOM) are transferred to the master data of the order header. When you manufacture with process orders, the master recipe and associated materials list are transferred. The difference occurs because process industries manufacture in phases, converting initial liquid batches into consumable batches, bottled and packaged.
- Category: Blog
- Hits: 45273
By Rosana Fonseca
Material price determination determines how the valuation of a material occurs after each business transaction. When SAP Material Ledger is active, this field should be set in the Accounting 1 view with an appropriate combination of price control and material price determination. When SAP Material Ledger is active for a valuation area, the additional fields which become available in the Accounting 1 view are shown in Figure 1.
Read more: Material Price Determination in SAP Material Ledger
- Category: Blog
- Hits: 32308
By Ross Christoph
SAP mixed costing allows you to cost materials with multiple alternatives when manufacturing a material with different production versions and master recipes.
A cost estimate calculates the cost for each production version and then calculates an average unit cost with weighting factors. It displays the total cost with details of each procurement alternative.
- Category: Blog
- Hits: 67120
By Ashish Sampat
This is Part II of Make Trading Partner a Required Entry Part I
Can You Make Trading Partner Required While Posting Financial Documents?
You have three alternatives:
- Category: Blog
- Hits: 106086
By Ashish Sampat
Definition
Trading Partner is a term used in trade and commerce and is generally defined as:
One of the two or more participants in an ongoing business relationship.
- Category: Blog
- Hits: 20511
By Ross Christoph
SAP Enhancement Pack 4 provides additional functionality for processing outsource manufacturing or subcontracting operations.
Read more: SAP Enhancement Pack 4 for Outsource Manufacturing or Subcontracting Operations
- Category: Blog
- Hits: 18809
Learn More: 100 THINGS YOU SHOULD KNOW ABOUT CONTROLLING WITH SAP
SAP Material Ledger has two main functions:
Carry inventory in up to two additional valuations and actual costs, as we explain in detail below:
Read more: SAP Material Ledger - Excerpt: 100 Things You Should Know About Controlling with SAP
- Category: Blog
- Hits: 145144
By Janet Salmon
I've been working with the first accounting customers to validate and implement SAP Accounting powered by SAP HANA.
SAP Accounting, powered by SAP HANA, was made available on 1 August 2014.
This blog explains how the new solution differs from earlier versions and discusses what I've learned.
- Category: Blog
- Hits: 59196
By Paul Ovigele
When you are using SAP Controlling Profitability Analysis (CO-PA), you know that mapping objects to value fields is the key to ensuring that the reports are complete and accurate. The standard scenario involves assigning amount fields, such as sales conditions, general ledger accounts, and production variances.
However, it is also important to map quantity fields, such as sales and production quantities, to value fields (which are set up with a quantity attribute in transaction KEA6). Most sales and contribution margin reports include these quantity values (for example, the Net Weight of products sold) to provide the appropriate context for the reported revenue and cost of sales figures.
There are three main areas where you can assign quantities to fields in CO-PA.
- Category: Blog
- Hits: 113096
By Paul Ovigele
Introduction
SAP Material Ledger allows you to run Actual Costing with the benefits and without the disadvantages of the two traditional methods of inventory valuation:
- Standard Costing
- Moving Average Costing
Before we explore SAP Material Ledger and Actual Costing, let's analyze these two approaches.