Valuation class
The Valuation Class allows the user to group together materials with similar properties so they can be managed under the same stock account. The allowed Valuation Classes are determined by Material Type. Examples of Valuation Classes include the following:
Finished Products
Semi-Finished Products
Raw Materials
valuation area:
The Valuation Area specifies the level at which a Material is valuated. A Valuation Area can be defined in the following ways:
Valuation Area at Company Code level: all the stocks of a particular material are valuated the same for all Plants in that Company Code.
Valuation Area at Plant level: all stocks of a particular material are valued the same in that Plant. In another Plant, the material could be valued differently.
The level at which valuation should take place should be determined early in the project. Once the level is set, it cannot be changed.
account modification code:
A code used to further sub-divide a Transaction / Event Key which is assigned to a Movement Type.
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