Case study material ledger implementation lessons learnedJohannes Le Roux
Material Ledger as implementaion as part of their initial SAP implementation or during a future rollout phase. In this session we’ll cover:
Why implementing SAP Material Ledger as part of your initial SAP implementation will Levegage Material Ledger as a springboard to SAP Profitability and Cost Management software
Case study material ledger implementation lessons learnedJohannes Le Roux
Material Ledger as implementaion as part of their initial SAP implementation or during a future rollout phase. In this session we’ll cover:
Why implementing SAP Material Ledger as part of your initial SAP implementation will Levegage Material Ledger as a springboard to SAP Profitability and Cost Management software
SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
as per my experinece i have prepared this docuemnt for future referenec and also this document will help to leart GST impact in SAP SD and S4 HANA
Kindly comment your feedback and suggistions
SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
as per my experinece i have prepared this docuemnt for future referenec and also this document will help to leart GST impact in SAP SD and S4 HANA
Kindly comment your feedback and suggistions
GAAP and IFRS call for true and correct representation of material assets (inventory and WIP) of the reporting company. The valued inventory should have demand and the market price should be more than the reported value.
Launch Your Streaming Platforms in MinutesRoshan Dwivedi
The claim of launching a streaming platform in minutes might be a bit of an exaggeration, but there are services that can significantly streamline the process. Here's a breakdown:
Pros of Speedy Streaming Platform Launch Services:
No coding required: These services often use drag-and-drop interfaces or pre-built templates, eliminating the need for programming knowledge.
Faster setup: Compared to building from scratch, these platforms can get you up and running much quicker.
All-in-one solutions: Many services offer features like content management systems (CMS), video players, and monetization tools, reducing the need for multiple integrations.
Things to Consider:
Limited customization: These platforms may offer less flexibility in design and functionality compared to custom-built solutions.
Scalability: As your audience grows, you might need to upgrade to a more robust platform or encounter limitations with the "quick launch" option.
Features: Carefully evaluate which features are included and if they meet your specific needs (e.g., live streaming, subscription options).
Examples of Services for Launching Streaming Platforms:
Muvi [muvi com]
Uscreen [usencreen tv]
Alternatives to Consider:
Existing Streaming platforms: Platforms like YouTube or Twitch might be suitable for basic streaming needs, though monetization options might be limited.
Custom Development: While more time-consuming, custom development offers the most control and flexibility for your platform.
Overall, launching a streaming platform in minutes might not be entirely realistic, but these services can significantly speed up the process compared to building from scratch. Carefully consider your needs and budget when choosing the best option for you.
First Steps with Globus Compute Multi-User EndpointsGlobus
In this presentation we will share our experiences around getting started with the Globus Compute multi-user endpoint. Working with the Pharmacology group at the University of Auckland, we have previously written an application using Globus Compute that can offload computationally expensive steps in the researcher's workflows, which they wish to manage from their familiar Windows environments, onto the NeSI (New Zealand eScience Infrastructure) cluster. Some of the challenges we have encountered were that each researcher had to set up and manage their own single-user globus compute endpoint and that the workloads had varying resource requirements (CPUs, memory and wall time) between different runs. We hope that the multi-user endpoint will help to address these challenges and share an update on our progress here.
Navigating the Metaverse: A Journey into Virtual Evolution"Donna Lenk
Join us for an exploration of the Metaverse's evolution, where innovation meets imagination. Discover new dimensions of virtual events, engage with thought-provoking discussions, and witness the transformative power of digital realms."
Large Language Models and the End of ProgrammingMatt Welsh
Talk by Matt Welsh at Craft Conference 2024 on the impact that Large Language Models will have on the future of software development. In this talk, I discuss the ways in which LLMs will impact the software industry, from replacing human software developers with AI, to replacing conventional software with models that perform reasoning, computation, and problem-solving.
Globus Connect Server Deep Dive - GlobusWorld 2024Globus
We explore the Globus Connect Server (GCS) architecture and experiment with advanced configuration options and use cases. This content is targeted at system administrators who are familiar with GCS and currently operate—or are planning to operate—broader deployments at their institution.
Utilocate offers a comprehensive solution for locate ticket management by automating and streamlining the entire process. By integrating with Geospatial Information Systems (GIS), it provides accurate mapping and visualization of utility locations, enhancing decision-making and reducing the risk of errors. The system's advanced data analytics tools help identify trends, predict potential issues, and optimize resource allocation, making the locate ticket management process smarter and more efficient. Additionally, automated ticket management ensures consistency and reduces human error, while real-time notifications keep all relevant personnel informed and ready to respond promptly.
The system's ability to streamline workflows and automate ticket routing significantly reduces the time taken to process each ticket, making the process faster and more efficient. Mobile access allows field technicians to update ticket information on the go, ensuring that the latest information is always available and accelerating the locate process. Overall, Utilocate not only enhances the efficiency and accuracy of locate ticket management but also improves safety by minimizing the risk of utility damage through precise and timely locates.
AI Pilot Review: The World’s First Virtual Assistant Marketing SuiteGoogle
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AI Pilot Review: Key Features
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See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
Software Engineering, Software Consulting, Tech Lead, Spring Boot, Spring Cloud, Spring Core, Spring JDBC, Spring Transaction, Spring MVC, OpenShift Cloud Platform, Kafka, REST, SOAP, LLD & HLD.
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptxrickgrimesss22
Discover the essential features to incorporate in your Winzo clone app to boost business growth, enhance user engagement, and drive revenue. Learn how to create a compelling gaming experience that stands out in the competitive market.
How to Position Your Globus Data Portal for Success Ten Good PracticesGlobus
Science gateways allow science and engineering communities to access shared data, software, computing services, and instruments. Science gateways have gained a lot of traction in the last twenty years, as evidenced by projects such as the Science Gateways Community Institute (SGCI) and the Center of Excellence on Science Gateways (SGX3) in the US, The Australian Research Data Commons (ARDC) and its platforms in Australia, and the projects around Virtual Research Environments in Europe. A few mature frameworks have evolved with their different strengths and foci and have been taken up by a larger community such as the Globus Data Portal, Hubzero, Tapis, and Galaxy. However, even when gateways are built on successful frameworks, they continue to face the challenges of ongoing maintenance costs and how to meet the ever-expanding needs of the community they serve with enhanced features. It is not uncommon that gateways with compelling use cases are nonetheless unable to get past the prototype phase and become a full production service, or if they do, they don't survive more than a couple of years. While there is no guaranteed pathway to success, it seems likely that for any gateway there is a need for a strong community and/or solid funding streams to create and sustain its success. With over twenty years of examples to draw from, this presentation goes into detail for ten factors common to successful and enduring gateways that effectively serve as best practices for any new or developing gateway.
Listen to the keynote address and hear about the latest developments from Rachana Ananthakrishnan and Ian Foster who review the updates to the Globus Platform and Service, and the relevance of Globus to the scientific community as an automation platform to accelerate scientific discovery.
Cyaniclab : Software Development Agency Portfolio.pdfCyanic lab
CyanicLab, an offshore custom software development company based in Sweden,India, Finland, is your go-to partner for startup development and innovative web design solutions. Our expert team specializes in crafting cutting-edge software tailored to meet the unique needs of startups and established enterprises alike. From conceptualization to execution, we offer comprehensive services including web and mobile app development, UI/UX design, and ongoing software maintenance. Ready to elevate your business? Contact CyanicLab today and let us propel your vision to success with our top-notch IT solutions.
Quarkus Hidden and Forbidden ExtensionsMax Andersen
Quarkus has a vast extension ecosystem and is known for its subsonic and subatomic feature set. Some of these features are not as well known, and some extensions are less talked about, but that does not make them less interesting - quite the opposite.
Come join this talk to see some tips and tricks for using Quarkus and some of the lesser known features, extensions and development techniques.
Prosigns: Transforming Business with Tailored Technology SolutionsProsigns
Unlocking Business Potential: Tailored Technology Solutions by Prosigns
Discover how Prosigns, a leading technology solutions provider, partners with businesses to drive innovation and success. Our presentation showcases our comprehensive range of services, including custom software development, web and mobile app development, AI & ML solutions, blockchain integration, DevOps services, and Microsoft Dynamics 365 support.
Custom Software Development: Prosigns specializes in creating bespoke software solutions that cater to your unique business needs. Our team of experts works closely with you to understand your requirements and deliver tailor-made software that enhances efficiency and drives growth.
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Microsoft Dynamics 365 Support: Prosigns provides comprehensive support and maintenance services for Microsoft Dynamics 365, ensuring your system is always up-to-date, secure, and running smoothly.
Learn how our collaborative approach and dedication to excellence help businesses achieve their goals and stay ahead in today's digital landscape. From concept to deployment, Prosigns is your trusted partner for transforming ideas into reality and unlocking the full potential of your business.
Join us on a journey of innovation and growth. Let's partner for success with Prosigns.
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...Globus
Large Language Models (LLMs) are currently the center of attention in the tech world, particularly for their potential to advance research. In this presentation, we'll explore a straightforward and effective method for quickly initiating inference runs on supercomputers using the vLLM tool with Globus Compute, specifically on the Polaris system at ALCF. We'll begin by briefly discussing the popularity and applications of LLMs in various fields. Following this, we will introduce the vLLM tool, and explain how it integrates with Globus Compute to efficiently manage LLM operations on Polaris. Attendees will learn the practical aspects of setting up and remotely triggering LLMs from local machines, focusing on ease of use and efficiency. This talk is ideal for researchers and practitioners looking to leverage the power of LLMs in their work, offering a clear guide to harnessing supercomputing resources for quick and effective LLM inference.
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Material ledger configuration
1. Material Ledger Configuration
Material ledger must be configured to that establishes the total absorption for production costs to
inventory and COGS.
The actual tariff must be applied to activity types used on production cost centres previously with
standard price allocating the manufacturing expense price differences.
Below the necessary steps to be reviewed and if necessary configured relative to Material Ledger:
1. 1. Activate Valuation Areas for Material Ledger
Spro: Controlling | Product Cost Controlling | Actual Costing/Material Ledger |
Activate Valuation Areas for Material Ledger
1. 2. Assign Currency Types to Material Ledger Type
Spro: Controlling | Product Cost Controlling | Actual Costing | Material
Ledger | Assign Currency Types to Material Leddger Type
1. 3. Assign Material Ledger Types to Valuation Area
Spro: Controlling | Product Cost Controlling | Actual Costing / Material
Ledger | Assign material Ledger Types to Valuation Area
1. 4. Configure Dynamic Price Changes
Spro: Controlling | Product Cost Controlling | Actual Costing / Material Ledger |
Configure Dynamic Price Changes
1. 5. Define Movement Type Groups of Material Ledger
Spro: Controlling | Product Cost Controlling | Actual Costing / Material Ledger |
Material Update | Define Movement Type Groups of material Ledger
1. 6. Assign Movement Type Groups of Material Ledger.
Spro: Controlling | Product Cost Controlling | Actual Costing / Material Ledger |
Material Update | Assign Movement Type Groups of material Ledger
1. 7. Activate Actual Costing
Spro: Controlling | Product Cost Controlling | Actual Costing / Material Ledger | Actual
costing | Activate Actual Costing
1. 8. Activate Actual Cost Component Split
Spro: Controlling | Product Cost Controlling | Actual Costing / Material Ledger | Actual
costing | Activate Actual Cost Component Split
1. 9. Define productive start
2. SAP Menu: Accounting / Controlling / Product Cost Controlling / Actual Costing /
Material Ledger / Environment / Production Startup / CKMSTART – Set Valuation
Areas as Productive.
Account Determination in Material Ledger
The account determination for Material Ledger postings is made using Materials Management (MM)
account determination (OBYC)
It’s important understand that are a link between Material Ledger and cost component structure
(OKTZ) in product costing planning configuration – that is used to update standard cost.
Revenue/Expense from Revaluation (UMB)
The Material Ledger closing entries (CKMLCP) will use transaction key UMB, and is used when a material price
is changed and/or revaluate.
Price Differences for Material Ledger (PRY)
The system uses transaction key PRY during the Material Ledger closing entry, as well as during the roll-up of
single-level price differences. Material Ledger does not use the PRD transaction key configuration to transfer
the price variance from an input material to an output material.
Instead, the system uses the PRY assigned account.
Price Differences from Lower Levels (PRV)
The transaction key PRV is used by Material Ledger closing entries for the multilevel price variances.
Example
If the Material Ledger posts a roll-up of a price difference that was received from a lower level (multilevel price
differences), it uses the PRV account determination to find the account to which the difference should be
posted. In this case, the PRV account is used to credit/debit the input material and debit/credit the output
material.
Exchange Rate Differences from Lower Level (KDV)
The KDV transaction key works for the exchange rate differences in the same way the PRV transaction key
works for the price differences. In this manner, the Material Ledger is capable of keeping the roll-up of price
differences and the roll-up of exchange rate differences in different accounts.
Stock Posting (BSX)
The BSX transaction key is used for all postings to inventory accounts. If the choose will to revaluate the
inventory based on actual cost, then the account that is configured in this transaction key will receive all of the
variances that come from the single differences and multilevel differences. Therefore, this transaction key has
the offset account for PRY, PRV, KDM, and KDV transaction keys for inventory revaluation in the Material
Ledger.
Accruals and Deferrals Accounts in the Material Ledger (LKW)
3. If the choice is not revaluate the inventory accounts to actual costs, then the Material Ledger allows you to post
all the variances to a separate account. In this case, the price and exchange rate differences that should
actually be applied to the inventory value are contra-posted to accounts with the transaction key LKW. If
choose is do not revaluate inventory, the LKW account is the offset for the PRY, PRV,KDM, and KDV
transaction keys.
This transaction cannot be used for Brazil, because the revaluation will occurs on inventory, but its
accounts will be defined for default practice. Using FIN_CO_COGM we have the postings separated by
ledgers, it means no impact on US GAAP.
Cost Center Crediting from Activities (GBB-AUI)
The GBB-AUI transaction key is used during the Material Ledger closing entries to credit the cost centers with
the delta value between the plan activity type price and the actual activity type price. This transaction key is
used to offset transaction key PRV, which receives the variances as a lower-level price variance.
In other words, for activity type variance absorption, the PRV transaction key dictates the account in which the
Material Ledger will receive the variance, and the GBB-AUI transaction key dictates the account used to credit
the variance in the cost centers that performed the activity type.
GBB-AUI is also used by the WIP revaluation function. For WIP revaluation, the delta between plan and actual
activity type price is also credited to the cost centers that performed the activities using the account assigned to
GBB/AUI and offset by the transaction key WPA.
Revaluation of Other Consumption (COC)
The COC transaction key is required for the revaluation of consumption in actual costing/Material Ledger.
Revaluation of consumption valuates single-level consumption (cost center, sales, scrap, etc.) using the actual
prices determined in the actual costing/Material Ledger.
This transaction is not necessary for Brazil, because the revaluation will occurs on inventory, but its accounts
will be defined for default practice.