What is inventory price change document in SAP FIN-BAC-INV - Inventory Accounting?

SAP Term: inventory price change document

• Component: FIN-BAC-INV

• Component Name: Inventory Accounting

• Description: Document that records changes to the inventory price. An inventory price change document is generated when the new inventory price is valid and the inventory is revaluated.

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• Key Concepts: 
  An inventory price change document is a document used in SAP to record changes in the price of inventory items. It is used to adjust the value of inventory items in the system, and can be used to adjust the value of inventory items for a variety of reasons, such as changes in market prices or changes in the cost of goods.
  
  How to use it: 
  In order to create an inventory price change document, you must first access the FIN-BAC-INV Inventory Accounting component in SAP. Once you are in this component, you can create a new document by selecting the “Create” option from the menu. You will then be prompted to enter the details of the price change, such as the item number, quantity, and new price. Once you have entered all of the necessary information, you can save the document and it will be recorded in SAP.
  
  Tips & Tricks: 
  When creating an inventory price change document, it is important to make sure that all of the information is accurate and up-to-date. Additionally, it is important to keep track of any changes that have been made to ensure that all documents are consistent with each other.
  
  Related Information: 
  Inventory price change documents are closely related to other documents used in SAP, such as purchase orders and sales orders. Additionally, they are often used in conjunction with other components of SAP, such as FI-CA (Controlling) and MM (Materials Management).