SAP MM - Account Determination. ...

So, in SAP system some configuration for

account determination is done so that system will automatically determine the correct
G/L account that needs to be posted. G/L account is posted when goods receipt is
done as well as during clearing invoice verification.

Valuation grouping code is used to group the valuation area to minimize the effort, In SAP using two
types of valuation area

1.Company Code, 2. Plant, But the SAP recommends you to use the val;uation area at plant level,
because valuation will be differ from one plant to another, if need we can maintain the valuation area at
company level also,The valuation grouping code makes it easier to set automatic account determination.
Within the chart of accounts,based on our requirement to define individual account determination for
certain valuation areas or,to define common account determination for several valuation areas

https://help.sap.com/saphelp_erp60_sp/helpdata/en/76/87c353b677b44ce10000000a174cb4/framese
t.htm

https://archive.sap.com/discussions/thread/1550796

https://archive.sap.com/discussions/thread/1550796
http://www.academia.edu/2525602/Valuation_and_Account_Determination_in_SAP

https://help.sap.com/saphelp_46c/helpdata/en/90/7155967935d1118b3f0060b03ca329/frameset.htm

https://archive.sap.com/discussions/thread/879771