The accounting standard IAS 2 — Inventories stipulates inventory be held at actual cost using the valuation method weighted average/FIFO or net realisable value, whatever is the lowest. This means an inventory item could be purchased at $10 and then its value could drop to $8 as it's been held in inventory too long, it's gone out of fashion or been superseded as an example.
This feature request is for the ability to change the cost price of inventory when an actual costing method (weighted average/FIFO) is used. This transaction would result in a write down of inventory value in both the General Ledger and Inventory module without impacting the quantity on hand.
Comments
Agreed with you comments Eugen, my bad. I would remove this requirement.
Category: Cost Management
How is that different from the stock value adjustment? Yes, the latter is not integrated with the ageing report, but your suggestion is unspecific with this regards.
Category: Cost Management
Administrator on 5/8/2019 1:21:04 PM
Thank you for your feedback. We need some more details to understand your suggestion better. Can you please help us by answering the following questions?
When you evaluate inventory by actual cost (FIFO, WA) you have the option to perform an On-hand adjustement as of Inventory close date. This allow you to adjust the Inventory value without effecting the quantity in inventory.
Sincerely,
Anders Even Girke
PM, Microsoft