Compute Inventory Revaluation – A summary of the activity

This activity enables you to revaluate the inventory based on the supplier part price list at the ““Revaluation Period<To Date>” or later, with the automatic creation of the stock correction document and the reversal journal voucher. The system compares the existing part cost with the minimum of the supplier part costs for a part and considers the lowest among the two as the “Lower of Cost or Market Value” (LCM).

The stock correction is performed for the current date, even if the “Revaluation Period<To Date>” is earlier than the current date.

The “Balance Sheet Revaluation” is performed for the “Revaluation Period<To Date>”.

A back end operation, scheduler is available to store the part details during the “Revaluation Period<To Date>”. The scheduler performs automatically, when the current date is equal to the “Revaluation Period<To Date>”.

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