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Company valuation level
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07-15-2008 12:43 PM
Dear experts
Is it possible to set valuation by company for IS Retail? Is there new version of IS Retail to support the company valuation level?
Please advise.
Hengki
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09-30-2008 5:20 AM
Hi,
In SAP Retail, the valuation area must always correspond to a site.
In retailing it is common practice to record the retail price of inventory (retail method). Since it is extremely time-consuming to determine all the costs associated with the procurement of an article without the use of modern IT systems, it is all the more difficult to determine the delivered cost of merchandise. In view of this, the delivered cost of an article is usually taken as an average price calculated on the basis of the retail value.
(a) Valuating inventory at delivered prices (cost inventory method)
You can only apply this method if you can ensure that all changes involving an article can be accurately recorded. What is known in the trade as the u201Ccost inventory methodu201D or the u201Ccost methodu201D involves valuating stocks at delivered prices and assigning costs to individual articles.
(b) Valuating inventory at retail (retail inventory method)
What is known in the trade as the u201Cretail inventory methodu201D or the u201Cretail methodu201D involves valuating stocks at retail, often aggregated at merchandise category or departmental level. Stock is updated at retail for every merchandise category and department. For balance sheet valuation purposes on the balance sheet key date, the delivered cost of the stock is worked out based on a gross margin between cost and retail.
Both the cost method and the retail method can be used in SAP Retail.
Bye and all the best,
Muralidhara
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09-30-2008 7:06 AM
Hi
The valuation area is the organizational unit of the R/3 system via which stock is managed on a value basis. The valuation area can be a site but it can also be a company code. In SAP Retail it is always assumed that valuation area and site are identical.
More Detail
Link: [http://help.sap.com/saphelp_46c/helpdata/en/12/086058470311d1894a0000e8323352/frameset.htm]
Regards
Vijai Jain
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09-30-2008 1:08 PM
