How to use OMWL - C LIFO/FIFO Global Setting


OMWL - Overview

  • Transaction Code: OMWL

    Description: C LIFO/FIFO Global Setting

    Release: S/4HANA and ECC 6

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    • Program: SAPMOMBD

      Screen: 400

      Authorization Object:

    • Development Package: MRY

      Package Description: Balance Sheet Valuation

      Parent Package: APPL

    • Module/Component: MM-IM-VP

      Description: Balance Sheet Valuation Procedures


OMWL - Details

  • SAP Tcode: OMWL - C LIFO/FIFO Global Setting
    
    Overview: 
    OMWL - C LIFO/FIFO Global Setting is a SAP transaction code used to set the global parameters for the Last In First Out (LIFO) and First In First Out (FIFO) methods of inventory valuation. This transaction code is used to define the default settings for the LIFO/FIFO methods, which are used to determine the cost of goods sold and inventory values. 
    
    Functionality: 
    The OMWL - C LIFO/FIFO Global Setting transaction code allows users to set the global parameters for the LIFO and FIFO methods of inventory valuation. This includes setting the default values for the cost of goods sold and inventory values, as well as setting the default values for the number of days that must pass before a new batch of goods is considered to be in stock. Additionally, this transaction code allows users to set the default values for the number of days that must pass before a new batch of goods is considered to be sold. 
    
    Step-by-step How to Use: 
    1. Access the OMWL - C LIFO/FIFO Global Setting transaction code by entering it into the command field in SAP. 
    2. Select “Global Settings” from the menu bar. 
    3. Enter the desired default values for cost of goods sold and inventory values, as well as the number of days that must pass before a new batch of goods is considered to

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OMWL - Related Tcodes

  • OMWK - C MM-IV Authorizations...

  • OMWJ - C Document Types: Lowest Value...

  • OMWM - C MM IV Control: Accnt Determination...

  • OMWN - MM-IM: Acct Group. Code for Mvt.Type...


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