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SAP CO : Material Ledger with First in-first out (FIFO)

How does "Material Ledger with FIFO" works for Purchase, Production and Sales Cycles In S/4 HANA 2020
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9.4

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Platform: Udemy
Video: 8h 50m
Language: English
Next start: On Demand

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9.8 / 10
This course was last updated on 10/2021.

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9.4 / 10
Video Score: 8.9 / 10
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Table of contents

Description

SAP CO Material Ledger with First in-first out (FIFO):
How Material Ledger can approach with First in, first out (FIFO) in S/4 HANA 2020 (MM, Production, SD cycle flows)
Balance Sheet Valuation
If the Companies report their Inventory values in different ways.
“Balance sheet” preparation for Legal ,Company policy rules for Internal management objectives also for Tax purpose.
The different ways to value inventory is based on how the policy for inventory valuation treats the inflationary factors in the market.
The most and main approach of nowadays companies following Inventory withdrawal and valuation in SAP is either “First in-first out (FIFO)” and Average Cost Methods
•First in, first out (FIFO):
“FIFO” stands for first-in, first-out, meaning that the oldest inventory items are recorded as consumed if it is RM(procured material), and Sold if it is FG(production material) first. In other words, the cost associated with the inventory that was purchased/Produced first is the cost expensed first.
An approach to inventory management with FIFO method either withdrawal and or valuation procedure in which materials and products are actually withdrawn from stock for sale and or use in the production/process order of their manufacturing (i.e. the first goods received are – or are deemed to be – the first to be issued).
Testing with MM, Production and SD Cycles “Material Ledger with First In, First Out (FIFO)”

1) Raw material (procured from outside) with price control “V” and determination “2”. FIFO Inventory valuation procedure without Actual Costing/Material Ledger execution-CKMLCP in the same period.
2) Raw material (procured from outside) with price control “S” and determination “3”. FIFO withdrawal method and valuation procedure with Actual Costing/Material Ledger execution-CKMLCP in different periods.
3) Finished Product (Internal Manufacturing) with price control “S” and determination “3”. FIFO withdrawal method and valuation procedure with Actual Costing/Material Ledger execution-CKMLCP in different periods.
4) Price difference also allocated to according FIFO withdrawal
5) Exchange rate difference also allocated to according FIFO withdrawal
6) Explain Difference between FIFO-Material Ledger/Actual Costing with normal (Average method) -Material Ledger/Actual Costing Inventory withdrawal, valuation method.

You will learn

✓ Students able to get SAP CO process with Actual Costing
✓ Students able to get knowledge to configuration of SAP CO Material Ledger/Actual Costing
✓ Students able to get understanding process of SAP CO process with Actual Costing with FIFO.
✓ Students able to get understanding with tested cycles of SAP CO process with Actual Costing with FIFO.

Requirements

• SAP FI and CO module are required and also basics of “Product Costing”

This course is for

• CPA , CMA , ACCA , CA , MBA , M Com, B Com students and Professionals, SAP FICO Consultants and End Users.

How much does the SAP CO : Material Ledger with First in-first out (FIFO) course cost? Is it worth it?

The course costs $39.99.

Does the SAP CO : Material Ledger with First in-first out (FIFO) course have a money back guarantee or refund policy?

YES, SAP CO : Material Ledger with First in-first out (FIFO) has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

At the moment we could not find an available scholarship for SAP CO : Material Ledger with First in-first out (FIFO).

Who is the instructor? Is Karanam Sreedhar a SCAM or a TRUSTED instructor?

Karanam Sreedhar has created 16 courses that got 768 reviews which are generally positive. Karanam Sreedhar has taught 2,443 students and received a 4.5 average review out of 768 reviews. Depending on the information available, Karanam Sreedhar is a TRUSTED instructor.
SAP CO : S/4 HANA Consultant : Solution Architect
Summary:

o 11 years and 8 months of SAP CO Consultant (S/4 HANA . ECC & R/3) and 6 + years functional (Non-SAP). Total 18+ years of experience

o 9 Implementation & 13 support projects experience in SAP ECC & S4/HANA CO Product Costing, Material Ledger & COPA, Cost center, Profit Center, Internal Order accounting

o Experience in ECC and S4 HANA 1610, 1809 ,1909 and 2020 on premise.

Industry Sectors: Cement, Pharma, Steel, Engineering, Chemicals, Foundries and Mining.

Education:

o Master of Business Administration (M.B.A) in Finance from Sri Venkateshwara University, 2003.

o Trained SAP CO Course from Authorized training center ATOS Earlier SIEMENS.

o SAP S4 HANA 1909 CO Certified – S0021980059.

o SAP CO ECC 6.0 Certified – S0009183012.

o Ph.D. (Costing) Pursuing:   Research Topic-“Product Costing Techniques and Variance Analysis”.

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9.8

CourseMarks Score®

9.8

Freshness

9.5

Feedback

9.4

Content

Platform: Udemy
Video: 8h 50m
Language: English
Next start: On Demand

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