What Information is Available in the Accounting View of a Material Master?

The most important information maintained in the Accounting View of a material master is the valuation class, which needs to be assigned to individual materials. The valuation class, in turn, helps in determining the relevant GL accounts for posting valuation-relevant transactions such as GR, GI, etc. You will maintain the price control indicator in the accounting view, which enables determining how the stock of a material is to be valued (at Standard price (S) or Moving average price (V)).