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 Logical System:
- Help A system in which applications sharing a common data basis run. In SAP terms, a logical system is a client in a database. Messages are exchanged between logical systems lifo valuation procedure (mm-iv) definition.
- Manual Loss Realization:
- Help The value calculated in results analysis that shows the loss realized to date based on the planning data for the object. This value can arise when the Percentage of Completion method is used lifo valuation procedure (mm-iv) explain.
- Manual Line Characteristic:
- Help A characteristic that specifies the data to display in the lines in the XXL list viewer lifo valuation procedure (mm-iv) what is.
- Manual Lumpy Demand (SCM-APO-FCS):
- Help irregular, random, sporadic or intermittent demand. Lumpy demand refers to sales history that has periods of large volume spikes followed or preceded by periods of low or zero volume. For example lifo valuation procedure (mm-iv) meaning.
- Manual Late Payment Fee:
- Help An additional charge that is assessed when payments are not made on time lifo valuation procedure (mm-iv) abbreviation.
