Back to Menu No.06-01-03

Price Update (CK24)

Menu: Accounting > Controlling > Product Cost Controlling > Product Cost Planning > Material Costing > Price Update

Process Overview: Mark and release the standard cost.

Remarks:

	1.	Release of standard cost can be executed only once in the corresponding month.
	2.	For product costing with a date earlier than the system date specified, releasing cannot be executed.
	3.	For product costing with a future date specified, release cannot be executed until the system date reaches the specified date.

1. Marking Standard Cost

Screen 1-1:

Operation Process:

1.		Click [Marking].
2.	{{Posting Period/Fiscal Year}}	Enter the fiscal year/fiscal period of the standard cost to be marked.
3.		Click [Marking Allowance].

Screen 1-2:

Operation Process:

	1.	Select the line for the company code to be marked.
	2.		Click [Issue marking allowance].

Screen 1-3:

Operation Process:

1.	{{Costing Variant}}	Enter the Costing Variant.
2.	{{Costing Version}}	Enter the Costing Version.
3.		Click [Issue allowance for marking].

Screen 1-4:

Operation Process:

	1.	{{Executed}}	Check that is shown in the Executed field of the selected company code.
	2.		Click [Back].

Screen 1-5:

Operation Process:

1.	{{Posting Period/Fiscal Year}}	Enter the Fiscal Year/Fiscal Period when the standard cost is marked.
2.	{{Company Code}}	Enter the Company Code.
3.	{Plant}	Enter the Plant code.
4.	{Material}	Enter the Material number.
Processing Options
5.	{Test Run}	Tick this option to run test
6.	{With List Output}	Tick this option to display overview screen of the material.
7.	{Parallel Processing}	Tick this option to perform parallel processing.
8.	{Background Processing}	Tick this option to perform background (job) processing.
9.		Click [Execute].

Remarks:

	1.	If [Execute] is clicked without company code, plant, or material specified, marking will be executed for all materials for which valid (for the specified fiscal year/period) standard cost estimates have been registered.
	2.	For the first execution, select [Test run] before execution.
	3.	If the test result is OK, deselect Test run option and execute.

Screen 1-6:

Operation Process:

Check that there are no errors.

2. Releasing Standard Cost

Screen 2-1:

Operation Process:

1.		Click [Release].
2.	{{Posting Period/Fiscal Year}}	Enter the Fiscal Year/Fiscal Period for which the standard cost is released.
3.	{{Company Code}}	Enter the Company Code.
4.	{Plant}	Enter the Plant.
5.	{Material}	Enter the Material number.
6.	{No. of Materials in Document}	Enter the number of materials displayed in the document registered when standard cost is released.
Processing Options
7.	{Test Run}	Tick this option to run test
8.	{With List Output}	Tick this option to display overview screen of the material.
9.	{Parallel Processing}	Tick this option to perform parallel processing.
10.	{Background Processing}	Select this option to perform background (job) processing.
11.		Click [Execute].

Remarks:

	1.	If [Execute] is clicked without company code, plant, or material specified, release will be executed for all materials for which valid (for the specified fiscal year/period) standard cost estimates have been registered.
	2.	For the first execution, select [Test run before] execution.
	3.	If the test result is OK, deselect Test run option and execute.

Screen 2-2:

Operation Process:

Check that there are no errors.

Remarks:

	1.	To perform release, it is required that FI fiscal period and MM fiscal period for the cost-setting month are open.
	2.	Release of standard cost can be executed only once in the corresponding month. (Cancellation or reprocessing cannot be performed.)