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8 METHODS TO PROCESS A CO PRODUCTION ORDER We would like to see how the following CO Production Order steps are processed within SAP. 1. Creation and Release of a CO Production Order for a specific Material/Plant. Figure 1.1 KKF1 – Create CO Production Order: Initial screen – Order Type, Material and Plant are entered. Figure 1.2 KKF1 – Create CO Production Order: Masterdata
PRODUCT COST COLLECTORS Product Cost Collector (PCC) is used as a cost object in “Product Cost by Period” scenario. In contrast to “Product Cost by Order” where Production / Process Orders are used as a cost object, a PCC collects the actual costs incurred in each period for the production of a material. In PCC, the product becomes the main cost object. FI–COPA RECONCILIATION FI–COPA Reconciliation. COPA is an important financial tool which can help you with the slice & dice of data based on different characteristics. Since it can give you all the details of your costs and revenue, it is therefore important to reconcile COPA with your GL’s. Controlling Profitability Analysis (COPA) has two formssupported:
SAP MAINTENANCE ORDER MANAGEMENT This document aims at explaining the corrective maintenance process in SAP. In most organizations, the maintenance department’s main functions are the following: Maximizing the availability of the physical assets Keeping physical assets in a workable and safe stateRed
S/4HANA CLOUD (S4HC) IMPLEMENTATION: KEY WATCH-OUTS FOR ASEE MORE ONERPFIXERS.COM
HANDLING OF WAREHOUSE MATERIALS WITH SPECIAL STORAGE Handling of Warehouse Materials With Special Storage Requirements. Bob Bucy. March 21, 2017. ERPfixers Blog Series. This tip is directed at those needing to control the movement and storage of materials having special warehousing requirements. These materials fall primarily into2 categories:
VARIANCE ANALYSIS IN SAP CONTROLLING Variance Analysis in SAP Controlling. One of the most misunderstood aspects in all of SAP is how to analyze production variances. This is partly because SAP’s method of Product Cost Controlling is different from other accounting software systems, in that production costs are passed through the P&L as well as the Balance Sheet. HOW TO DEBUG A SAMPLE PROGRAM IN ABAP Step 1: Below I have created a sample program in the name of Zdebug. Step 2: Place the cursor on the line and Set Session Breakpoints. Step 3: Now execute the program. Step 4: Execute Again. Step 5: Check the values in output table T_KNA1. Step 6: There are 4 different options in the debugger to execute the program.They are: F5: By using this button F5 , executes our program step by step. IMPLEMENTING CUSTOMER-EXIT There is a catch - if Project is Blank here in Table MODACT then follow the Option A (as explained below) and if it's not Blank then go this option B (as explained below). OPTION A: Step 4:- Goto Transaction Code CMOD and Enter the Project as per the convention of Business/requirement (that we follow specific to Client/Customer). ABSORPTION COSTING-ACCOUNTING OF ACTIVITIESAUTHOR: ASHISH SAMPAT Predetermined absorption rate is used to load the product with the cost of department. For example, if the total planned budget for a department is $10,000.00 for the month with 200 hours of planned operation, the predetermined absorption rate is $10,000.00 / 200 hours = $ 50.00/hr. This cost can be further broken down into labor hours,machine
8 METHODS TO PROCESS A CO PRODUCTION ORDER We would like to see how the following CO Production Order steps are processed within SAP. 1. Creation and Release of a CO Production Order for a specific Material/Plant. Figure 1.1 KKF1 – Create CO Production Order: Initial screen – Order Type, Material and Plant are entered. Figure 1.2 KKF1 – Create CO Production Order: Masterdata
PRODUCT COST COLLECTORS Product Cost Collector (PCC) is used as a cost object in “Product Cost by Period” scenario. In contrast to “Product Cost by Order” where Production / Process Orders are used as a cost object, a PCC collects the actual costs incurred in each period for the production of a material. In PCC, the product becomes the main cost object. FI–COPA RECONCILIATION FI–COPA Reconciliation. COPA is an important financial tool which can help you with the slice & dice of data based on different characteristics. Since it can give you all the details of your costs and revenue, it is therefore important to reconcile COPA with your GL’s. Controlling Profitability Analysis (COPA) has two formssupported:
SAP MAINTENANCE ORDER MANAGEMENT This document aims at explaining the corrective maintenance process in SAP. In most organizations, the maintenance department’s main functions are the following: Maximizing the availability of the physical assets Keeping physical assets in a workable and safe stateRed
S/4HANA CLOUD (S4HC) IMPLEMENTATION: KEY WATCH-OUTS FOR ASEE MORE ONERPFIXERS.COM
HANDLING OF WAREHOUSE MATERIALS WITH SPECIAL STORAGE Handling of Warehouse Materials With Special Storage Requirements. Bob Bucy. March 21, 2017. ERPfixers Blog Series. This tip is directed at those needing to control the movement and storage of materials having special warehousing requirements. These materials fall primarily into2 categories:
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“It is a great feeling to know that you can access SAP experts at your fingertips (literally) when you have any issues that need resolving. Even if you could get the FINANCE DIFFERENCES IN SAP S/4HANA Introduction. This article covers some of the differences between S/4HANA and previous versions of SAP.. Simple Finance was the first part of the Business Suite to be rewritten to run on SAP’s new superfast in-memory HANA database.Simple Logistics followed, and the combined new product, with New GL and New Asset Accounting as prerequisite, became known as S/4HANA. PRODUCT COST COLLECTORS Product Cost Collector (PCC) is used as a cost object in “Product Cost by Period” scenario. In contrast to “Product Cost by Order” where Production / Process Orders are used as a cost object, a PCC collects the actual costs incurred in each period for the production of a material. In PCC, the product becomes the main cost object. PURCHASING PRICE VARIANCE (PPV) IN SAP Overview. The aim of this post is to show how price variance is calculated in a context of standard cost.. Standard cost is an agreement between Engineering and Finance areas, regarding the price of raw materials and operative supplies, this estimated price is SAP PS FUNCTIONALITY AND INTEGRATION SAP PS Functionality and Integration. Ary Assazry Saary. August 17, 2017. ERPfixers Blog Series. This article covers the basic functionality of Project Systems and how it relates in MRP to PS and other logistic integration. Project System is a highly integrated module whose purpose is more for consolidation and reports. SAP MAINTENANCE ORDER MANAGEMENT This document aims at explaining the corrective maintenance process in SAP. In most organizations, the maintenance department’s main functions are the following: Maximizing the availability of the physical assets Keeping physical assets in a workable and safe stateRed
HANDLING OF WAREHOUSE MATERIALS WITH SPECIAL STORAGE This tip is directed at those needing to control the movement and storage of materials having special warehousing requirements. These materials fall primarily into 2 categories: The materials are truly hazardous in nature as defined by globally accepted hazardous categories (flammable, Q&A: DEMYSTIFYING THE GR/IR PROCESS A: MR11 is used for a couple of purposes: (1) If a goods receipt is made but there is no invoice receipt to match it, MR11 can clear this amount (by debiting the GR/IR and crediting the expense or inventory account); This also works if there is an Invoice Receipt but no Goods receipt. (2) If there is a quantity mismatch between the goods INTRODUCING NEW ASSET ACCOUNTING IN S/4 HANA Introduction. I will start by giving you a bit of background on New Asset Accounting and S/4HANA, and then I will run through some of the key changes that were introduced which distinguish it from Classic Asset Accounting.Next, I will go into some more detail on some of the larger areas, for example how the depreciation areas work with the ledgers to record the different accounting principles. TOP 15 COPA USER TRANSACTIONS USER MANUAL Enter the characteristics and value fields and SAVE. Top 2: Display Actual Line Items. Transaction code: KE24. Rationale: The transaction is used to display actual line items in COPA only with all characteristics and value fields. This transaction is quite useful to user to display the actual line items.No results found.
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Angel Reyes
March 22, 2016
PURCHASING PRICE VARIANCE (PPV) IN SAPAngel Reyes
March 22, 2016
OVERVIEW
The aim of this post is to SHOW HOW PRICE VARIANCE IS CALCULATED IN A CONTEXT OF STANDARD COST. Standard cost is an agreement between Engineering and Finance areas, regarding the price of raw materials and operative supplies, this estimated price is a key input to calculate gross margins. The Purchasing Price Variance or PPV is a warning flag that says that the gross margin will have variance, taking care about the situation, on a nimble way, enable the organization to keep margins goingforward.
Our scenario is built it to buy 1,000 LB of raw material, where: • Standard Cost is 10 USD per LB • Order Price is 11 USD per LB • Actual Price is 12 USD per LBSTANDARD PRICE
First of all, we have our raw material master data created: PURCHASE ORDER PRICE Then, we create an order; price is above our estimated standard price: PPV AT GOODS RECEIPT Now, lets assume that we had received the material before the invoice, so a difference is calculated: PPV during GR = Standard Price – PO Price The journal entry for this GR is: Inventory Account DR 10,000 USD Standard Price GR/IR Account CR 11,000 USD PO Price PPV Account DR 1,000 USD Balance PPV AT INVOICE RECEIPT Now, when invoice is received, we realize that market change and now, the actual price is different than the PO price PPV during IR = PO Price – IR PriceJournal entry is:
Vendor CR 12,000 USD Actual Price GR/IR Account DR 11,000 USD PO Price PPV Account DR 1,000 USD Balance This means that the net PPV is: Net PPV = Standard Price – IR Price = 10 – 12 = -2 USD per LB This is an unfavorable Purchasing Price Variance.NET PPV
Now, on SAP there is a report that can be customized (configured) to get this Net PPV, this is: You can use transaction MC$G, to get the report with data related to PPV. This is infostructucture S012 that can be enhanced to take advantage of Logistics Information System features, or a simple query using structure S012 can be created.Author: Angel Reyes
Angel Reyes has 15+ years of consultancy experience on ERP's, specifically SAP. Hands-on in software development, functional duties; from programming to solution architecture. I have great skills to understand and communicate Customer's requirements at any level. MODULE(S): Financial Accounting, Materials Management (MM), Supply Chain Management (SCM) Tagged: Puchasing , Invoice Verification , Logistics Information System, Report ,
PPV , Variance , LIS6 Likes
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Newest First Oldest First Newest First Most Liked Least Liked Preview Post Comment… Muhammad Umar 3 years ago Pending Awaiting Moderation · 0 Likes Thank you so much!! Can you also tell how this PPV is allocated toeach material?
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