Authorize Standard Cost Revaluation – A summary of the activity

This activity allows you to authorize or cancel a standard cost revaluation document, which is in “Fresh” status. The system updates the status to “Authorized”, when the revaluation document is authorized. The status is updated as “Cancelled”, when the revaluation document is cancelled.

The current stock value of the revaluation document is calculated by summing up the current stock value of all the parts contained in the revaluation document. The new stock value of the document is calculated as the total of the new stock value of all the parts in the document.

What you can do in this activity

Authorize revaluation documents

Cancel the revaluation document

Authorize revaluation documents

You can authorize the revaluation documents listed in the multiline.

• Enter the filter criteria to search for the revaluation documents to be authorized.

Based on the search criteria, the system lists the revaluation documents in the “Search Results” multiline.

• Check the box in the “Select” column of the multiline, to select the revaluation document to be authorized

• Click the “Authorize Revaluation” pushbutton.

The status of  the revaluation documents changes to “Authorized”.

Cancel the revaluation document

You can cancel the revaluation documents in this page.

• Check the box in the “Select” column of the multiline, to select the revaluation document to be cancelled.

• Enter the reason for canceling the revaluation document, in the “Remarks” field in the multiline.

• Click the “Cancel Revaluation” pushbutton to cancel the revaluation document.

The status of the revaluation document changes to “Cancelled”.