What is valuation price in SAP MM-IV - Invoice Verification?

SAP Term: valuation price

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The price per base unit of measure of a material. The valuation price is the basis for determining the value of goods for balance sheet purposes.

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• Key Concepts: 
  Valuation price is a term used in SAP's Materials Management (MM) Invoice Verification (IV) component. It is the price that is used to determine the value of goods or services that have been purchased. This price is usually determined by the vendor and is based on the current market value of the goods or services. 
  
  How to use it: 
  In SAP's MM-IV component, the valuation price is used to calculate the value of goods or services that have been purchased. This price is entered into the system and then used to calculate the total cost of the purchase. The system will then compare this price to the invoice amount to ensure that the invoice amount matches the valuation price. 
  
  Tips & Tricks: 
  It is important to ensure that the valuation price entered into SAP's MM-IV component is accurate and up-to-date. This will help to ensure that the invoice amount matches the valuation price and that there are no discrepancies between the two amounts. 
  
  Related Information: 
  The valuation price can also be used in other components of SAP, such as Financial Accounting (FI) and Controlling (CO). In these components, it can be used to determine the value of goods or services for accounting purposes.