Can anyone explain me
1).MM-FI integrations and Account postings
2).A/c impact during Standard Price and Moving Average Price
Whenever you buy materials for different purposes (For ex: Asset, Production...) we are legally bound to pay the vendors for the goods they have delivered to your plant. You configure the system to determine which G/L accounts needs to be updated at the time of GR/IR. It also helps in determining the value of stock available at your location.
A/C Impact During Standard Price & MAP
Standard prices are normaly used for Finished products and MAP for Raw materials.
If you have chosen Standard Price in the Material Master then the price difference during procurement will goto PRD(Price Difference) account.
If you have chosen MAP in the MMR then the price difference during procurement will be added to the material cost.
Hope this is Clear