Inventory Valuation

[amol]

I want to understand the procedure followed to to change value of Closing stock appearing in my Balance Sheet. This is required to be done as per statutory audit.
Value of certain items is changed, Reviewed, Revised at the year end.
As per JD the item cost cannot be changed so easily.
This must be general requirement. How do you handle it.

Amol

 

[Guest]

If you want to prevent users from changing the cost of an item during the
year, you can remove the AAIs involved (4134 and 4136), and restrict who can
get into the AAIs. This would give you a hard error if anyone tries to
change the cost directly in the Item/Branch Cost screen.

Andy Klee
www.JDETips.com

 

[morpheous]

Changing cost is usually not recommended by JDE. There is flag in BP-System constants that you can to set to update Weighted average cost of items online. To update costs - setup programs in UDC 40/AV and run Batch Cost Update program. Hope this helps.