How to use OMWPS1 - C LIFO Pools: Splitting

SAP Transaction Code - Details

• Transaction Code: OMWPS1

  Description: C LIFO Pools: Splitting

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    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: OMWPS1 - C LIFO Pools: Splitting

  
  Overview:
  The SAP transaction code OMWPS1 is used to split C LIFO pools. C LIFO stands for “cost last in, first out” and is a method of inventory valuation. This method assumes that the most recently purchased items are the first to be sold. The OMWPS1 transaction code allows users to split C LIFO pools into two or more separate pools. 
  
  Functionality: 
  The OMWPS1 transaction code is used to split C LIFO pools into two or more separate pools. This allows users to track inventory more accurately and efficiently. It also allows users to assign different costs to different pools, which can be useful for tax purposes. 
  
  Step-by-step How to Use: 
  To use the OMWPS1 transaction code, users must first select the pool they wish to split. Then, they must enter the new pool name and the quantity of items that will be moved from the original pool to the new pool. Finally, users must confirm the changes and save them. 
  
  Other Recommendations: 
  When using the OMWPS1 transaction code, it is important to ensure that all changes are properly documented and saved. Additionally, users should be aware of any tax implications that may arise from splitting C LIFO pools.