FI_FICOadvanced
Material Ledger and Actual Costing
Material Ledger in S/4HANA: multiple currencies and valuations, price differences, actual costing runs and troubleshooting.
Overview
Material Ledger in S/4HANA: multiple currencies and valuations, price differences, actual costing runs and troubleshooting.
Lessons in this topic
- FICO Material Ledger Part 1: Why the Material Ledger Exists — Currencies and ValuationsUnderstand the Material Ledger in S/4HANA: inventory valued in multiple currencies and valuations, how price differences are collected per material and period, and how this differs from classic standard-price inventory accounting.
- FICO Material Ledger Part 2: The Actual Costing Run Step by StepRun actual costing at period end with the costing cockpit: selection, determining the sequence, single- and multi-level price determination, revaluation of consumption, and posting closing entries — and what each step means for inventory and COGS.
- FICO Material Ledger Part 3: Troubleshooting Price Differences and Run ErrorsDiagnose common Material Ledger problems: materials that cannot be processed, not-distributed differences, distorted periodic prices from low quantities or missing invoices, and reconciling the Material Ledger with the GL.
Interview questions covered
- What is the role of the Material Ledger in S/4HANA, and when would you activate actual costing?
- Walk me through an actual costing run in S/4HANA and the controls around it.
- A finished product's actual cost jumped 40% this month. How do you analyse it in the Material Ledger?