Kurumsal Finans ve Strateji Rehberi | Finance & Strategy Insights

SAP CKMVFM (Value Flow Monitor) is an integral part of Material Ledger (ML) and Actual Costing processes within SAP ERP and S/4HANA systems. This tool ensures that price differences, inventory movements, and value flows are accurately analyzed during period-end closing activities. For businesses, it is a critical enabler of financial accuracy, profitability analysis, and audit compliance.

In this guide, we explore CKMVFM’s core functions, step-by-step usage, example scenarios, and key changes in S/4HANA.

What is CKMVFM?

CKMVFM, known as Value Flow Monitor in SAP, is a standard transaction code designed to:

• Analyze price differences in costing,
• Identify undistributed or unallocated costs,
• Reconcile discrepancies between Financial Accounting (FI) and the Material Ledger (ML).

It is typically used after the Actual Costing Run (CKMLCP), allowing companies to clearly view deviations between planned and actual costs.

Why is it Important?

In SAP, material prices fluctuate due to raw material costs, production efficiency, or market conditions. Without CKMVFM:

• Unseen gaps may arise between FI and ML,
• Leading to reporting errors and audit challenges.

With CKMVFM, companies can detect differences early and ensure accurate cost distribution.

Example: In a production plant, if raw material prices increase by 10%, CKMLCP distributes this variance to stock values. CKMVFM then highlights the portion that could not be allocated (e.g., rounding differences).

Link to Material Ledger and Actual Costing

• Material Ledger (ML): Maintains material inventories across multiple currencies and valuation levels.
• Actual Costing: Updates stock values at period-end by calculating actual costs.

Price Determination Control:

• 1 = Standard Price Only
• 2 = Standard + Variances
• 3 = Actual Costing

CKMVFM is especially critical under 2 and 3.

How to Access CKMVFM

• Transaction Code: CKMVFM
• Navigation Path: Controlling > Product Cost Controlling > Actual Costing/Material Ledger > Information System > Value Flow Monitor

Prerequisites

• Material Ledger must be active (check via OMX1).
• Actual Costing Run (CKMLCP) must be completed.
• Relevant plant and period data should be available.

Steps

1. Enter parameters (Company Code, Plant, Period, Year).
2. Select With Not Distributed Differences.
3. Create a DB Extract (recommended for performance).
4. Run the report and analyze results.

Core Functions of CKMVFM

• Monitor View: Displays overall value flows.
• Not Distributed Analysis: Lists undistributed price differences.
• FI–ML Reconciliation: Matches FI documents with ML values.
• Material List: Provides a detailed list of affected materials.

Practical Example

In an automotive company:

• Planned machine hours: 10,000
• Planned costs: 70,000 TRY
• CKMLCP variance: 500 TRY (due to rounding/by-products)

CKMVFM shows this difference under Not Distributed. Comparing FI documents with ML values reveals the exact source of the issue.

CKMVFM in S/4HANA

• Some CKMVFM functions have been migrated to the Monitor for Price Difference Account Balances report.
• However, CKMVFM remains valid, especially for detailed ML analysis.
• Data now flows through the Universal Journal (ACDOCA) table.

Best Practices

• Perform regular checks (weekly or monthly).
• Use a 0.1% threshold to filter out minor rounding variances.
• Always run CKMVFM before FI reconciliations.
• Review SAP Notes during S/4HANA migration.

Conclusion

SAP CKMVFM is not just a technical reporting tool—it is a strategic enabler for financial accuracy and cost management.

With CKMVFM, organizations can:

• Reconcile differences between FI and ML,
• Minimize audit risks,
• Support smarter cost control and decision-making.

For finance and controlling professionals, mastering CKMVFM is essential to ensure transparency, compliance, and profitability in SAP cost management.