What do you need to do to use Separate Valuation?

To utilize Separate Valuation in SAP S/4HANA, both steps outlined in the correct answer are essential.

First, configuring assessment types and types is crucial because this sets the framework for how different valuations are managed and assessed across various criteria, such as cost centers or profit centers. This configuration allows the system to determine how the valuation takes place and under which parameters it will operate, thus establishing a clear methodology for tracking and reporting.

Second, creating data for accounting in the material master is equally important. The material master contains all relevant information regarding the materials used in transactions, including how they are valued. When you enable Separate Valuation, it’s necessary to ensure that the specific valuation data for each material is accurately set up in the material master. This guarantees that the system can correctly apply the valuation methods defined in the assessment types and correctly reflect the separate values in financial reports.

Therefore, the completion of both processes is vital to effectively implement Separate Valuation in the system.