MRF1 - Execute FIFO Valuation

SAP Transaction Code - Details

• Transaction Code: MRF1

  Description: Execute FIFO Valuation

  Release: S/4HANA and ECC 6

  Menu Path:

  • Logistics > Materials Management > Valuation > Balance Sheet Valuation > FIFO Valuation > Perform check
  • Information Systems > General Report Selection > Materials Management > Value Assignment > FIFO Valuation > Execute FIFO Valuation

• • Program: RMFIFO00

    Screen: 0

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

Smart SAP Assistant

• SAP Tcode: MRF1 - Execute FIFO Valuation

  
  Overview:
  The SAP transaction code MRF1 is used to execute FIFO (First In, First Out) valuation. This transaction code is used to calculate the value of inventory based on the FIFO method. This method assumes that the first items purchased are the first items sold, and that the most recent items purchased are the last items sold. 
  
  Functionality: 
  MRF1 allows users to calculate the value of inventory based on the FIFO method. This method assumes that the oldest items purchased are the first items sold, and that the most recent items purchased are the last items sold. The transaction code also allows users to view and analyze inventory data, such as stock levels, stock values, and stock movements. 
  
  Step-by-step How to Use: 
  1. Enter transaction code MRF1 in the command field. 
  2. Select a company code from the drop-down list. 
  3. Select a valuation area from the drop-down list. 
  4. Select a valuation type from the drop-down list. 
  5. Enter a date in the “Valuation Date” field. 
  6. Click “Execute” to calculate the value of inventory based on FIFO method. 
  7. View and analyze inventory data such as stock levels, stock values, and stock movements in the “Results” tab. 
  8. Click “Save” to save your results or “Cancel” to exit without saving your results. 
  
  Other Recommendations: 
  It is recommended that users familiarize themselves with SAP's FIFO valuation process before using transaction code MRF1. Additionally, users should ensure that all relevant data is entered correctly before executing MRF1 in order to ensure accurate results.