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Former Member
Apr 01, 2011 at 04:05 PM

FIFO Inventory valuation without Balance Sheet Valuation

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Our business wants to know if they can have real-time FIFO inventory valuation;

At a give point, When we perform and update the material prices through the Balance sheet Valuation - FIFO procedure; system automatically revaluates the inventory at FIFO with offsetting to an expense account.

However, the requirement is to have FIFO real time without performing any month end tasks/ postings to calculate and update the material prices.

Given that the existing material price controls (S and V); Is the above possible ?

With Material Ledger; some of the standard functionalities can be leveraged i,e to have one valuation for std/ actual and the other to have FIFO valuation but the business thinks this is too much of an effort to maintain this functionality. Since, even for this option - the business has to run month end jobs.

Thanks !