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This page allows you to set parameters for the "Management Accounting" business process chain. Tell me more.
Select the “Set Function Parameters – MAC” link from the “Company Parameter Setup” business component.
The “Set Function Parameters – MAC” page appears.
Enter the following fields in the “Process Parameters” group box:
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Post Total Variance |
Use the drop-down list box to specify whether the variance amount must be posted to cost center as individual variances or as total variance. You can select from “Yes” or “No”. The system displays “No” by default on launch of the page. |
Click the “Set Parameters” pushbutton to set the parameters for management accounting.
The system saves the parameters that have been defined. The system also stores the login ID of the user and the system date along with the parameter details.
Set Parameter – MAC – A summary of the activity
Parameters are usually set for the system to follow during transactions. This page allows you to set parameters for the “Management Accounting” business process chain. You can specify whether the variance amount is posted to cost center as a total variance amount or as individual amounts. Some of the variance amounts maintained in the “Order Definition Settlement and Costing” business component of MAC are:
Cost center variance
Material usage variance
Material price variance
Activity usage variance
Activity price variance
Std cost revaluation variance
Other variances
The system saves the parameter and also updates the login ID of the user and the system date along.