Can anybody explain me FI-MM integartion.pl explain in detail
i. Movement types
Classification key indicating the type of material movement (for example, goods receipt, goods issue, physical stock transfer).
The movement type enables the system to find predefined posting rules determining how the accounts of the financial accounting system (stock and consumption accounts) are to be posted and how the stock fields in the material master record are to be updated.
ii. Valuation class
Assignment of a material to a group of G/L accounts
Along with other factors, the valuation class determines the G/L accounts that are updated as a result of a valuation-relevant transaction or event, such as a goods movement.
The valuation class makes it possible to:
- Post the stock values of materials of the same material type to different G/L accounts
- Post the stock values of materials of different material types to the same G/L account
iii. Transaction/Event Key
Key allowing the user to differentiate between the various transactions and events (such as physical inventory transactions and goods movements) that occur within the field of inventory management.
The transaction/event type controls the filing/storage of documents and the assignment of document numbers.
iv. Material Type
Groups together materials with the same basic attributes, for example, raw materials, semifinished products, or finished products.
When creating a material master record, you must assign the material to a material type.
The material type you choose determines:
- Whether the material is intended for a specific purpose, for example, as a configurable
material or process material
- Whether the material number can be assigned internally or externally
- The number range from which the material number is drawn
- Which screens appear and in what sequence
- Which user department data you may enter
- What procurement type the material has; that is, whether it is manufactured in-house or
procured externally, or both together with the plant, the material type determines the material's inventory management requirement, that is:
- Whether changes in quantity are updated in the material master record
- Whether changes in value are also updated in the stock accounts in financial accounting
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