LIFO VALUATION PROCEDURE (MM-IV) title: LIFO valuation procedure (MM-IV) (SAP Library - Glossary)
LIFO VALUATION PROCEDURE (MM-IV) category: Invoice Verification (MM-IV)
LIFO VALUATION PROCEDURE (MM-IV) explained:
The separate valuation of the increase or decrease in the stock quantity of a material for different accounting periods (for example, fiscal year or month). (LIFO is the abbreviation of "last in, first out".)
The LIFO valuation procedure for stocks (inventories) is based on the assumption that the material acquired most recently is used or consumed first. When new stock is acquired or consumed, there is no change in the value of older stocks. As a result, price inflation cannot lead to an overvaluation of older stocks. Phantom (illusory) profits are thus avoided.
More terms such as LIFO valuation procedure (MM-IV) in Dictionary L.
- Manual Low Stock Quantity:
- Help Quantity that is still present in the source storage bin or source handling unit after the warehouse task quantity has been removed lifo valuation procedure (mm-iv) definition.
- Manual Link Equipment:
- Help A piece of equipment representing the link between two pieces of equipment in object networking lifo valuation procedure (mm-iv) explain.
- Manual Local Repository (PE-LSO):
- Help Local storage for reusable objects, which the author can access without a connection to the master repository lifo valuation procedure (mm-iv) what is.
- Manual Log Sheet:
- Help A summary in log form of all measurements performed for a work area within the scope of a measurement project lifo valuation procedure (mm-iv) meaning.
- Manual Local Plant Group:
- Help Collection of plants that is only valid in one promotion lifo valuation procedure (mm-iv) abbreviation.
