Finance & Controlling
What is Price Control?
A material master setting that determines whether stock is valued at standard price (S) or moving average price (V).
It sits in the accounting view of the material master per valuation area. In S/4HANA, the material ledger is always active for valuation. Changing price control has accounting consequences and needs testing.
Related transaction codes
Related terms
Standard Price
A price control in which inventory is valued at a fixed standard price, with differences posted to variance accounts.
Moving Average Price
A price control in which the material's valuation price is recalculated with each goods receipt.
Material Master
Master data describing a material, organized into views such as basic data, sales, purchasing, MRP, and accounting.
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