How to use OMWE - C LIFO/FIFO Valuation Active?

SAP Transaction Code - Details

• Transaction Code: OMWE

  Description: C LIFO/FIFO Valuation Active?

  Release: S/4HANA and ECC 6

• • Program: SAPMOMBD

    Screen: 200

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

Smart SAP Assistant

• SAP Tcode: OMWE - C LIFO/FIFO Valuation Active?

  
  Overview:
  The SAP transaction code OMWE - C LIFO/FIFO Valuation Active is used to activate or deactivate the Last In First Out (LIFO) and First In First Out (FIFO) valuation methods for a company code. This transaction code is used to set up the valuation methods for inventory items in the company code. 
  
  Functionality: 
  The OMWE - C LIFO/FIFO Valuation Active transaction code allows users to activate or deactivate the LIFO and FIFO valuation methods for a company code. This transaction code also allows users to set up the valuation methods for inventory items in the company code. The LIFO and FIFO valuation methods are used to determine the cost of goods sold and inventory values. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OMWE - C LIFO/FIFO Valuation Active in the command field. 
  2. Select the company code for which you want to activate or deactivate the LIFO and FIFO valuation methods. 
  3. Select either “Activate” or “Deactivate” from the drop-down menu. 
  4. Select either “LIFO” or “FIFO” from the drop-down menu. 
  5. Click “Execute” to save your changes. 
  
  Other Recommendations: 
  It is important to note that when activating or deactivating the LIFO and FIFO valuation methods, it is necessary to ensure that all inventory items in the company code are correctly set up with the appropriate valuation method. Additionally, it is important to ensure that all inventory items are correctly valued in order to ensure accurate financial reporting.