Gain Revaluation Account in MIR

[Former Member]

Hi,

Gain Revaluation account is hitting in MIRO, for material having moving price.

I could not able to find the right reason for this, one thing i observed is, in PO for this material their is change in quantity has took place and half GRN has been made.It will be of great help if any one provide the reason for this

[Former Member]

Hi,

Even MAP controlled materials sometimes cannot post variances direct to the stock account. This normally happens because there is not enough stock to post the variance to. For example if a GR of 20 items takes place at 10 USD, 200 USD will be posted to the stock account. If the invoice comes in for 20 USD and additional 200 USD will be posted to the stock account to correct the values. BUT if the 20 items have been used or written off the invoice verification cannot post the 200 USD to the stock account because there would be a value of 200 USD and no qty. In this situation variances for MAPs are written to the appropriate price variance (or gains / losses due to revaluation) accounts instead of the stock account.

this may have happened in this case (a price variance or exchange rate variance plus or minus).

Steve B

[Former Member]

Hi,

Its my pleasure for the replay, to my knowledge it should hit PRD account then Gain/loss Revaluation account

[Former Member]

PRD will hit in the case of stadard price not in moving average price

[Former Member]

PRD <b><u>WILL</u></b> get hit, even if the material is MAP controlled (sometimes) due to the reason I listed above (Insufficient stock to spread the difference across).

Steve B