What is material valuation document in SAP MM-IM - Inventory Management?

SAP Term: material valuation document

• Component: MM-IM

• Component Name: Inventory Management

• Description: In the process of subsequently calculating the value of goods movements, a document that contains only the data necessary for such subsequent calculation of value and for the subsequent updating of accounting documents.

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• Key Concepts: 
  A material valuation document is a document used in SAP Inventory Management (MM-IM) to record the value of a material at a certain point in time. It is used to track the value of materials over time and to ensure that the correct value is used for accounting purposes. 
  
  How to use it: 
  In SAP, material valuation documents are created when a material is received or issued. The document contains information about the material, such as its quantity, unit of measure, and value. The document also contains information about the transaction, such as the date and time of the transaction, and the user who created it. 
  
  Tips & Tricks: 
  When creating a material valuation document, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that the correct value is used for accounting purposes. Additionally, it is important to keep track of all material valuation documents in order to ensure that all materials are properly valued. 
  
  Related Information: 
  Material valuation documents are closely related to other documents in SAP Inventory Management, such as goods receipt documents and goods issue documents. Additionally, they are related to other accounting documents, such as invoices and purchase orders.