Valuation Class
The valuation fields for a material relevant for automatic account assignment can be found in the Accounting View of the Material master data in SAP system.
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
The SAP Price Control indicator determines how the Material is valuated:
S: Standard Price (cost)
V: Moving Average Price (cost)
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SAP Valuation
What is Valuation?
The purpose of Material Valuation in SAP is to determine and record the stock value of a Material. The stock value is calculated by multiplying the total stock quantity by the SAP Material Price.
For example, Stock Value (100$) = Stock Quantity (5 Pieces) * Material Price (20$)
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Foreign Currency Valuation Process
Basically, valuation process is necessary if vendor/customer accounts contain open items in a foreign currency. The amounts of these open items were translated into the local currency at the time they were entered using the current exchange rate.
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