After carrying out a cost estimate for a material without any errors, you can transfer the costing results to the material master as prices in SAP.
To set a new standard price in the material master, you must mark and release the standard cost estimate. You must first allow standard cost estimates to be marked and released in a company code.
When you mark a standard cost estimate for a material, the price calculated in the standard cost estimate is transferred into the material master record as the future standard price.
General Ledger Master Data in SAP Financials
In SAP, the basic element of the master data structure in the General Ledger is the chart of accounts, which is assigned to a company code and contains the master list of general ledger accounts that are required for external reporting on the organization. In SAP, the GL account traditionally represents what most organizations refer …