Explain Automatic Account Assignment Configuration in MM?

There are four steps required to complete the Automatic Account Assignment configuration settings for MM:

1. Finalize the valuation level.

2. Activate the valuation grouping code option. (For this you need to group valuation

areas using valuation grouping codes.)

3. Maintain valuation classes and account category references and their linkage to

material types.

4. Maintain the GL accounts for each combination of Chart of accounts, valuation

grouping code, valuation class, and transaction key.

You may use the automatic account determination wizard to complete the configuration

settings, as the wizard guides you step-by-step.