What is 'valuation date' in SAP CO-PC - Product Cost Controlling?

valuation date - Overview

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: The date on which materials, internal activities, and external activities are valued in costing.

valuation date - Details

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  Key Concepts: 
  Valuation date is a term used in SAP's CO-PC Product Cost Controlling module. It is the date used to determine the value of a product or material for cost accounting purposes. The valuation date is used to calculate the cost of goods sold (COGS) and the inventory value of a product or material. 
  
  How to use it: 
  The valuation date is set in the system when a product or material is created. This date can be changed at any time, but it must be done manually. The valuation date can be used to determine the cost of goods sold (COGS) and the inventory value of a product or material. It can also be used to compare different versions of a product or material and to track changes in their costs over time. 
  
  Tips & Tricks: 
  It is important to keep track of the valuation date for each product or material in order to accurately calculate COGS and inventory values. It is also important to update the valuation date regularly, as changes in costs can occur over time. 
  
  Related Information: 
  The valuation date is related to other terms such as cost center, cost object, and cost element. These terms are all used in SAP's CO-PC Product Cost Controlling module and are important for understanding how costs are calculated and tracked in SAP.