on 12-18-2023 12:53 PM
Hello,
With the release of the new standard price a revaluation of existing stock is posted. So far, I always have seen the release on the first day of the new fiscal year, e.g. Jan 1.
Business doesn't want to see the revaluation in the new FY, but rather in the old FY. This would mean releasing the new standard prices on Dec 31.
Technically this seems to be feasible. However, I would like to check with you, what your opinions/experiences are.
Alternatively, I could imagine to still release the new standard prices on Jan 1, and additionally have one manually reposting of the revaluation amount in period 13 of the old FY and reversing the same in period 1 of the new FY.
This way, the revaluation effect will be shown in the old FY and at the same neutralized in the new FY.
Does this make sense?
Thank you,
Joachim
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