What is valuation view in SAP CO - Controlling?

SAP Term: valuation view

• Component: CO

• Component Name: Controlling

• Description: A particular vantage point from which you can valuate your business transactions - that of an individual company, of the group as a whole, or of a profit center within the organization. In the context of multiple valuation and transfer prices, you can define the following views: Legal valuation view Group valuation view Profit center valuation view Together with a currency type and a currency, the valuation view creates what is called a valuation approach.

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• Key Concepts: 
  Valuation view is a feature of SAP Controlling (CO) that allows users to assign different values to the same material in different plants. This is useful for companies that have multiple plants and need to track the value of their materials in each plant. Valuation view also allows users to assign different values to the same material in different currencies. 
  
  How to use it: 
  To use valuation view, users must first create a valuation view in the SAP system. This can be done by navigating to the CO Controlling module and selecting “Valuation View” from the menu. Once the valuation view has been created, users can assign different values to the same material in different plants or currencies. 
  
  Tips & Tricks: 
  When creating a valuation view, it is important to make sure that all of the necessary fields are filled out correctly. This will ensure that the correct values are assigned to the materials in each plant or currency. Additionally, it is important to keep track of any changes made to the valuation view, as these changes may affect other areas of the system. 
  
  Related Information: 
  Valuation view is closely related to other features of SAP Controlling, such as cost centers and cost elements. Additionally, it is important to understand how valuation view interacts with other modules, such as Materials Management (MM) and Financial Accounting (FI). Understanding these relationships can help users get the most out of their SAP system.