Master data remains unchanged over a long period. It is heavily reused across various transactional processes.

: A location where stock is kept or services are rendered.

: Interviewers frequently ask about account determination rules.

: Order currency, payment terms, and Incoterms. Purchase Info Record (T-Code: ME11)

Reconciles system balances with physical realities, auto-generating financial adjustment documents. 5. Valuation and Account Assignment

Movement types are three-digit keys used to categorize stock updates. : Goods receipt for a purchase order. 122 : Return delivery to a vendor. 201 : Goods issue for a cost center. 261 : Goods issue for a production order. 561 : Initial entry of stock balances. Stock Types Unrestricted-Use Stock : Free for any immediate utilization.

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Calculating the financial value of stock.

: Temporarily locked for quality testing.