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.

Manual Log (BC-JAS):
Help A file that keeps records, providing information about regular events that take place in the system or in the database. This records are addressed to the system administrators lifo procedure definition.
Manual Location Priority:
Help A control parameter used to assign a processing sequence to locations. It sets the sequence in which location-dependent objects are to be processed lifo procedure explain.
Manual Lock Note:
Help A flag for positions that should be either completely or partially locked for staff assignments lifo procedure what is.
Manual Location Price Cluster:
Help A price update group for business locations lifo procedure meaning.
Manual Logistics Scenario For Material Withdrawal:
Help of the type of goods withdrawal in SAP R/3 that should be used when confirming spare parts in SAP CRM. The following logistics scenarios are possible for material withdrawal: Withdrawal from employee lifo procedure abbreviation.
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