What is 'material ledger settlement' in SAP CO-PC - Product Cost Controlling?

material ledger settlement - Overview

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A procedure in material valuation using the material ledger in which theSAP System: Valuates inventories of a material in multiple currencies Calculates a new valuation price in multiple currencies Posts differences that arise through transactions to material stock accounts where this is possible and, for multilevel material settlement, assigns them to consumption

material ledger settlement - Details

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  Key Concepts: 
  Material ledger settlement is a process in SAP Product Cost Controlling (CO-PC) that allows for the comparison of actual costs to planned costs. It is used to determine the differences between the two and to adjust the material ledger accordingly. The material ledger is a record of all material costs associated with a particular product or production order. 
  
  How to use it: 
  The material ledger settlement process can be initiated manually or automatically. To initiate it manually, go to the CO-PC menu and select “Material Ledger Settlement”. This will open a window where you can enter the relevant data such as the production order number, material number, and cost element. Once you have entered all of the necessary information, click “Execute” to start the process. 
  
  Tips & Tricks: 
  When running the material ledger settlement process, it is important to ensure that all of the data is accurate and up-to-date. This includes making sure that all of the cost elements are correct and that any changes in prices or quantities are reflected in the system. Additionally, it is important to check that all of the relevant documents are available before starting the process. 
  
  Related Information: 
  For more information on material ledger settlement, please refer to SAP’s official documentation on Product Cost Controlling (CO-PC). Additionally, there are many online resources available that provide detailed instructions