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Former Member

Treatment of revaluation of inventories in sap fico

Experts,

Standard cost has been revised in new Fiscal Year.

Inventory is revalued & corresponding entries posted.

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Revaluation a/c (P&L) Dr

Inventory a/c (BS) Cr

(Revision of std cost down the level).

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How to treat the "Revaluation a/c" while reporting cogs. manually.

Note:

1. Material Ledger is not activated

2. config till COGM level only.

Thanks in Advance.

Regards,

Subramanian

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1 Answer

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    Former Member
    Jun 13, 2017 at 11:14 AM

    Your COGS is/should not revalued as it is an expense accounted for during the period which it was posted or when the goods was sold. The revaluation/price diff account is usually included in your P&L together with your COGS.

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