View Standard Cost Revaluation

This page allows you to view the details of the standard cost revaluation transaction. Stock adjustment is performed when there is a discrepancy between the system stock and actual physical stock and the reason for the discrepancy cannot be ascertained. This page allows you to view the standard cost created using the “Create & Authorize Std. Cost Revaluation” page for items with std. cost valuation method. However, this page is applicable for all items irrespective of costing methods but for standard cost items, the stock value will be adjusted to the new stock value after revaluation and necessary financial postings will be performed.

Select the “View Standard Cost Revaluation” link at the top of the “Select Standard Cost Revaluation” page.

The “View Standard Cost Revaluation” page appears.

The system displays the following:

Status	The status of the standard cost revaluation transaction. All transactions except those in “Authorized” and “Deleted” status can be modified.
Transaction No.	A unique number identifying the standard cost revaluation transaction.
Transaction Date	The date on which the standard cost revaluation transaction took place.
Ref. Doc. No.	The number identifying the reference document based on which the transaction is recorded.
Ref. Doc. Source Point	The location or organizational unit from where the reference document has been raised.

The system displays the following in the “Reason For Return” group box:

Reason Code	The code identifying the reason for returning the adjustment transaction.
Reason Desc.	A textual description of the reason.
	Zoom facility available

The system displays the “Item Information” multiline:

Item Code	The unique code identifying the item.
Variant Code	A unique code identifying the variant of the item.
Item Variant Desc.	A textual description of the item variant.
	Zoom facility available
Current Std. Cost	The standard cost of the item as defined in the “Maintain Item – Basic Information” activity of the “Item Administration” component.
New Std. Cost	The new standard cost of the item. This value will not be equal to the current standard cost.
Stock UOM	The unit of measurement in which the item is stocked in the warehouse.
Current Stock Qty.	The total quantity of stock available across all the warehouses in an OU. The system retrieves the total quantity of stock available in all the non-capital warehouses for the login OU. The system retrieves the stock details only for those items for which the “Valuated” parameter is set.
Current Stock Value	The value of the stock, calculated as the product of current stock quantity and current standard cost.

Note: If the costing method of the items is other than standard cost, then the system retrieves the value of the stock from the “Stock Maintenance” component for the item variant in the login OU and displays it in the current stock value field.

New Stock Value	The revised value of the stock, calculated as the product of current stock quantity and new standard cost. If the costing method is other than standard cost, then new stock value will be the same as the current stock value.
Diff. In Value	The difference in value, calculated as the difference between new stock value and current stock value. If the difference in value is obtained as negative after calculation, the system displays the value preceded by a minus or negative sign.

Note: If the difference in value is positive, then the transaction type will be positive std. cost revaluation (SCR). If the difference in value is negative, then the transaction type will be negative (SCR).

Usage For A/C Code	The account code to be credited for the value of the item corrected through the standard cost revaluation transaction.
Usage For CC	The cost center for the standard cost revaluation transaction.

Check “Select” column in the multiline for viewing item details, viewing financial information and viewing notes.

The system displays the following:

Created By	The login id of the person who created the standard cost revaluation transaction.
Created Date	The date on which the standard cost revaluation transaction was created.
Last Modified By	The login id of the person who last modified the standard cost revaluation transaction .
Last Modified Date	The date on which the standard cost revaluation transaction was last modified.

To proceed, carry out the following

Select the “View Item Details” link at the bottom of the page to view details of items.

Select “Financial Information” link at the bottom of the page to modify the financial information for the std. cost revaluation transaction.

Select “Attach Notes” link at the bottom of the page to view notes for the standard cost revaluation transaction.