ECONOMICS

COST ACCOUNTING

INVENTORY AND PRODUCTION MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is meant by availability control?
A
Manage procurement costs
B
Manage the availability of goods
C
Manage goods orders
D
Maintain the physical condition of the goods
Explanation: 

Detailed explanation-1: -Availability control checks the current distributable budget (or release) against the assigned value. Distributable Budget The budget from the controlling element that is not yet distributed to other, lower-level WBS elements.

Detailed explanation-2: -In the project system, select the projects that you want to start in the batch run. Choose Logistics or Accounting Project System Controlling Budgeting Tools Activate Availability Control. For internal orders, choose Accounting Controlling Internal Orders Budgeting Availability Control Activate .

Detailed explanation-3: -As per SAP standard, one is able to change the status of Availability Control (AVAC) within PS through CJBW (deactivate AVAC), CJBV (activate AVAC) and CJBN (reconstruct AVAC). As such we have limited the access to these transaction codes to our PS super users only as they are critical actions.

Detailed explanation-4: -Budget availability control allows you to control budget consumption in cost centers, which you’re responsible for. It supports business processes, from budgeting to cost postings, and it offers specific budget reporting for the budget and cost-carrying objects.

There is 1 question to complete.