What is cost change history in SAP SRD-FIN-INV - FIN-Inventory?

SAP Term: cost change history

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: A list of the changes made to the unit cost of a material.

Smart SAP Assistant

• Key Concepts: 
  Cost Change History is a feature in SAP SRD-FIN-INV FIN-Inventory Accounting that allows users to track changes in the cost of inventory items. It records the cost of an item at the time of purchase, as well as any subsequent changes in cost due to price adjustments, discounts, or other factors. This feature helps users to keep track of their inventory costs and ensure accuracy in their financial reporting. 
  
  How to Use It: 
  To use Cost Change History, users must first enable the feature in their system settings. Once enabled, the system will automatically record any changes in cost for each item in the inventory. Users can view the cost change history for an item by accessing its details page and selecting the “Cost Change History” tab. This tab will display a list of all changes in cost for that item, including the date and amount of each change. 
  
  Tips & Tricks: 
  It is important to regularly review the cost change history for each item in your inventory to ensure accuracy in your financial reporting. Additionally, it is helpful to set up alerts or reminders to notify you when a cost change has occurred so that you can take action if necessary. 
  
  Related Information: 
  For more information on Cost Change History, please refer to SAP’s documentation on SRD-FIN-INV FIN-Inventory Accounting. Additionally, you can find helpful tutorials and videos on YouTube and other online resources.