term procedure lifo help what is
Meaning of LIFO procedure. What is it: LIFO stands for last in, first out . With the LIFO procedure.

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Definition LIFO procedure

LIFO PROCEDURE title: LIFO procedure (MM-IV) (SAP Library - Glossary)
LIFO PROCEDURE category: Invoice Verification (MM-IV)
LIFO PROCEDURE explained:

A stock valuation procedure for balance sheet purposes. LIFO stands for "last in, first out".

With the LIFO procedure, stocks are valuated separately for an accounting period. As a rule, the accounting period is a fiscal year or a posting period.

If the stock level at the end of an accounting period is higher than at the start of that period, a separate valuation layer is created for the difference.

If the stock level at the end of the accounting period is lower than at the start of the period, existing layers are partly or completely dissolved, starting with the last layer to be created.

More terms such as LIFO procedure in Dictionary L.

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Help Graphic representation of the line balance that is based on line balance data (line structure, model mix, and activities lifo procedure explain.
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Manual Listener (BC-JAS):
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