on 11-01-2016 8:28 PM
Hello All,
I have a little query regarding CO-PA. Why the following costs are accounted in CO-PA:
1) Material Gains / Losses
2)Material Price Differences
3)Physical Stock Differences
Why we need to report, these, on CO-PA report. I shall be highly oblige if someone explain it conceptually.
Regards,
Abdullah
Hi
Any changes to your stock values is generally impacted on the other side to your P&L Accounts and if that is the case, it impacts your profitability. So ideally to ensure the GL and COPA balances match, such transactions should flow into COPA as well, else you will have differences between COPA and GL.
Do you have any other accounting treatment where the accounting entries because of the above transactions do not impact your P&L Accounts. If that is the case, these should not flow into COPA
Regards
Sanil Bhandari
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