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Definition
Project stock in which every material in stock is managed on a both a quantity basis and a
value basis. The monetary value of each quantity of material is calculated separately. All
goods movements for the make-to-order stock trigger corresponding postings in the stock
accounts in Financial Accounting.
Use
From the accounting point of view, working with valuated project stock offers the following
advantages over working with non-valuated project stock:
Cross-company code material issues are possible, as are issues from orders for other
projects.
Simple processes are available for inventory processing and stock revaluation.
Funds tied up in stock are shown in the WBS elements as statistical actual costs.
Plan costs for material components managed as make-to-order stock are displayed in
the production orders and management networks.
the project stock in total at the period end by results analysis; the values are then
transferred to Financial Accounting.
Use
From the accounting point of view, working with valuated project stock offers the following
advantages over working with non-valuated project stock:
All the actual production costs appear in the project because no price variances can
occur and all external procurement follow-up costs are debited to the WBS element.
You can use project resource-related billing and show the goods receipt as an
expense to be billed.
There are view line items relevant to billing because there are no CO documents for
goods movements between project and production orders/networks.
Unless you are compelled by the need for compatibility with earlier data to
use non-valuated project stock, we recommend that you use valuated project
stock because future program development will extend this functionality.
You cannot convert existing projects with non-valuated individual stock.
Project Definition
When creating a project, the Valuated project stock indicator must be set in the Project
stock section in the project definition.
Material
In the material master, the Individual/Collective indicator on the MRP 4 tab page must be set
to Individual (1) orIndividual/Collective ( ).
A valuation class for project stock must be entered in the relevant Accounting tab page. If
you do not maintain a specific valuation class for the project stock, the system uses the
valuation class from plant stock.
Cost Elements for Stock Accounts
In the stock bearing WBS elements, you can post statistical actual costs for the stock
movements in and out to the stock accounts in Financial Accounting. You can then use the
Project Information System to display the funds committed as stock.
In order for the stock lines from financial accounting documents to be posted as statistical
actual costs in CO/PS, statistical cost elements of cost element type 90 for each of the
relevant stock accounts have to be created.
Process Flow
The description which follows only covers the special features for valuated individual stock.
For a general description of the logistical processes, see Logistical Processing When Working
with Project Stock .
Planning
From the network costing point of view, there are two assignments for a material
component in valuated project stock:
Looking at the component from the procurement point of view, it may be a good idea to
undertake a cost component split (for example, in the form of a unit costing) if you are
producing the component internally. If you are procuring externally, you may want to
apportion the procurement costs over time (by, for instance, maintaining an invoicing plan).
When the user (network activity, production order) draws the material, the procurement
element is credited with the costs. In the period-related view of committed funds, the
incurrence of costs is kept chronologically separate from forwarding of costs.
Looking at the component from the use point of view, it is the costs that are of interest;
when these are incurred they are displayed, evaluated using a consumption cost element. In
such cases, there is no difference between this and direct external procurement/general
production, because the user is debited with the material price only.
Note the following points relating to planning of components managed in individual stock:
Created by Raja Ramasamy, last modified by Moshe Naveh on Mar 29, 2010
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Introduction:
Today many industries want to manage project stock in quantity and value basis.In this blog we are going to discuss the
attibutes of valuated project stock and the configuration steps
valuated Project stock:
Project stock for which each material in the stock is always managed quantity-based and value-based.Each material
quantity is valuated with monetary valuation.All goods movements for the project stock lead to corresponding postings to G/L
accounts in Accounting.
Configuration steps:
Prerequisite:
Project must have the project stock attribute as- Valuated stock (PROJ - KZBWS = M or A)
If the WBS element used in sales order and PR generated from Sales order then requirement class used for that
Sales order must have the value M or A in the valution field (T149K - KZBWS)
1. Project profile can be configured as valuated stock if the company always use valuated project stock .This value will be
defaulted at the header level control tab while creating project . Before saving it can be changed to valuated or nonvaluated .Once it is saved, it can't changed.
IMG -- >project system> structures - >operative structure -> WBS --> create project profile ( OPSA)
account.
4.Goods receipt creates accounting document document only and it updates values as well as quantity. Controlling
document not created at GRN.
BSX - debit
WRX - credit