Select Standard Cost Revaluation Transaction
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This page allows you to select a transaction for which you wish to authorize the revaluation information. You can directly enter the transaction number if you know the exact value or you can carry out a search using the transaction number, transaction date, reference document number, reference document source point, item code, variant code and item variant description as the filter criteria. Based on the specified search criteria, the system displays the transaction details, status, reference order details, and item details in the “Search Results” multiline. This page is launched only if the system parameter “Inventory revaluation required from inventory screen” is set as “Yes”. Else, the system displays an error message.
Select the "Authorize Standard Cost Revaluation" link under the "Stock Adjustments" business component
The “Select Standard Cost Revaluation Transaction” page appears.
Enter the following fields:
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Transaction No. |
A unique number identifying the revaluation transaction.(Alphanumeric, 18) |
Select the “Authorize Std. Cost Revaluation” link provided alongside the “Transaction No.” field. To authorize the details of the stock correction transaction.
Enter the following in the “Search Criteria” group box to search for the standard cost revaluation transaction:
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Transaction No. From |
The transaction number from which you wish to view the transaction details (Alphanumeric, 18). |
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Transaction No. To |
The transaction number till which you wish to view the transaction details (Alphanumeric, 18). |
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Transaction Date From |
The date of the transaction from which you wish to view the transaction details (Date Format). |
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Transaction Date To |
The date of the transaction till which you wish to view the transaction details (Date Format). |
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Ref. Doc. No. |
The number identifying the reference document based on which the transaction is recorded (Alphanumeric, 18). |
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Ref. Doc. Source Point |
The location or organizational unit from where the reference document is raised (Alphanumeric, 16). |
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Item Code |
A unique code identifying the item (Alphanumeric, 32). |
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Variant Code |
Variant code of the item (Alphanumeric, 8) |
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Item Variant Desc. |
A textual description of the item variant (Alphanumeric, 150). |
Click the “Search” pushbutton to display the search results.
The system displays the following in the “Search Results” multiline based on the specified search criteria:
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Transaction No. |
A unique number identifying the standard cost revaluation transaction. |
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Transaction Date |
The date on which the transaction took place. |
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Ref Doc. No. |
The number identifying the reference document based on which the transaction is recorded. |
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Ref. Doc. Source Point |
The location or organizational unit from where the reference document is raised. |
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Item Code |
A unique code identifying the item. |
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Variant Code |
Variant code of the item. |
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Item Variant Desc. |
A textual description of the item variant. |
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Change In Cost |
The change in cost of the item |
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Item Type |
The type of the item. |
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New Standard Cost |
The new standard cost of the item |
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Old Standard Cost |
The change in cost of the item |
Check the “Select” column in the multiline and select the “Authorize Std. Cost Revaluation” link to authorize the standard cost revaluation transaction details.
Click the “Authorize Std. Cost Revaluation” pushbutton to authorize the standard cost revaluation transaction.
The system sets the transaction as “Authorized”. The system saves the loin id of the user and the date of creation along with the modification details. If the standard cost revaluation is positive, the system debits the stock account and credits the revaluation account or adjustment account depending on whether the “Std. cost revaluation based on revaluation account” is set as “Yes” or “No”. If the standard cost revaluation is negative, the system credits the stock account and debits the revaluation account or adjustment account depending on whether the “Std. cost revaluation based on revaluation account” is set as “Yes” or “No”.
The system checks whether the system parameter "Prevent Transactions during Period Closing" is set as “Yes”. If so, transactions must be recorded for the closed financial period. Else, the system displays an error message.
The system adjusts the new stock value in the finance book to which the warehouse is associated. If more than one warehouse is associated with the finance book, then the system calculates the sum of all stock values for the warehouses and adjusts the cumulative value in the finance book.
The system updates the new standard cost of the item variant in the “Item Administration” component with which the “Stock Adjustment” component is interacting. The system saves the login id of the user and the current system date in the last modified by and last modified date fields in the corresponding pages.
