Modifying or canceling the standard cost revaluation document

This page allows you to modify the details of the selected revaluation document. Tell me more

Select the “Edit Std Cost Revaluation” link in the “Select Revaluation #” page. Alternatively, select the hyperlinked revaluation document number in the multiline of the same page.

The “Edit Standard Cost Revaluation” page appears.

The system displays the following:

Date Format

The format in which the date fields are displayed in this page. This format is displayed from the "User Preferences" business component based on the login user ID. In case the format is not defined, the system displays the date format from the “Enterprise Modeling” business component by default.

The system displays the following in the “Revaluation Information” group box:

Revaluation #

The number identifying the revaluation document to be modified or cancelled.

Enter the following:

Status	Use the drop-down list box to modify the status of the revaluation document, to “Draft” or “Fresh”.
	Draft - The status of the document, when all the mandatory information has not yet been entered.
	Fresh - The status of the document, when all the mandatory information has been entered.

The system displays the following:

Reference Document #

The number identifying the reference document for the revaluation.

Enter the following:

User Status	Use the drop-down list box to assign a user status for the revaluation document. The system lists the statuses as defined in the “Create Quick Codes” activity.
Revaluation Date	The date on which the revaluation document is raised (Date Format). Ensure that this date is earlier than or the same as the system date. If this date is left blank, the system displays the “Server Date”.
Revaluation Category	Use the drop-down list box to select the category to which the revaluation document belongs. The system lists all the active categories as defined in the “Create Quick Codes” activity.
Costing Usage	Use the drop down list box to select the type of the costing usage to be used. The system lists all the “Active” user defined “Usage” as defined in the “Cost Center Rule Definition” business component. The system displays “Blank” by default.

Note: Ensure that the “Costing Usage” is entered for the standard cost revaluation document, if any of the part has the expense type other than “Capital”, or a part with Issue Basis other than “Returnable”.

The system displays the following:

Base Currency

The base currency as defined in the “Create Currency Information” activity of the “Enterprise Set Up” business component.

Enter the following in the “Part Details” multiline:

Part #	The number identifying the part (Alphanumeric, 40). Mandatory. This number must have been defined in the “Create Parts Main Information” activity of the “Part Administration” business component and must be in “Active” status.
	Help facility available.

Note: The part number must be unique in the multiline.

Note : Ensure that the Valuation Method of the Part entered is “Standard Cost”

The system displays the following:

Part Description	The textual description of the part.
Part Type	The type of the part, which could be Component, Consumable, Miscellaneous, , Expendable, Raw Material, Tool, or Kit.

Note: The part type must be allowed for the revaluation transaction in the “Set Inventory Options” activity of the “Logistics Common Master” business component.

Current Standard Cost

The standard cost of the part as defined in the “Maintain Planning Information” activity of the “Part Administration” business component.

Enter the following:

New Standard Cost

The new standard cost of the part (Decimal). Mandatory. Ensure that the value entered here is greater than zero. This value must not be equal to the “Current Standard Cost”.

The system displays the following:

Stock UOM	The unit of measurement in which the part is stocked. The UOM must be defined in the “Create UOM” activity of the “Unit of Measurement Administration” business component and must be in “Active” status.
Current Stock Quantity	The total quantity of the stock across Organization Units, as maintained in the system.
Current Stock Value	The value of the stock calculated as
	Current Stock Quantity * Current Standard Cost
New Stock Value	The new value of the stock calculated as
	Current Stock Quantity * New Standard Cost
Value Difference	The difference in value calculated as
	New Stock Value – Current Stock Value
	If the "Value Difference" calculated is negative, the value is displayed with the negative sign. For example, ”- 500”.

Enter the following:

Remarks

Any additional comment pertaining to the standard cost revaluation of the part (Alphanumeric, 255).

The system displays the following:

No of Locations Impacted

Indicates the number of organization units affected due to the standard cost revaluation.

Note: Ensure atleast one row is entered in the multiline.

Enter the following “Other Details” group box:

User Defined Detail – 1	Any other additional details pertaining to the modification of revaluation document (Alphanumeric, 25).
User Defined Detail – 2	Any other additional details pertaining to the modification of revaluation document (Alphanumeric, 25).
Comments	Any additional remarks pertaining to modification of revaluation document (Alphanumeric, 255).

Enter the following in the "Attachments" group box:

File Name

The name of the file used as document reference for the standard cost revaluation (Alphanumeric, 50).

Help facility available

Select the “View File” link provided alongside to view the details of file used for reference
Check the box in the “Select” column of the multiline to select the part number for deletion.

Click the Delete icon in the toolbar above the multiline, to delete the part number selected in the multiline.

Click the “Edit Revaluation” pushbutton, to update the modified revaluation details.
The system maintains the finance book as defined in the “Account Group” business component, corresponding to the standard cost valuation document.
The system maintains the account code and the cost centre for each of the line item.

To cancel the revaluation document

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

The system updates the status of the revaluation document to “Cancelled”. The system stores the login user ID and the server date.

The system displays the following in the “Record Statistics” group box:

Created By	The name of the user who created the revaluation document.
Created Date	The date on which the revaluation document was created.
Last Modified By	The name of the user who last modified the revaluation document.
Last Modified Date	The date on which the revaluation document was last modified.

To proceed, carry out the following

Select the “Maintain References” link at the bottom of the page, to enter the reference document details for revaluation.

Select “View Value Impact – Stocking Location Wise” link at the bottom of the page, to view the impact of the standard cost revaluation.

Modifying or canceling the standard cost revaluation document – An overview

This page allows you to modify the details of the selected revaluation document. Only revaluation documents, which are in “Draft” or “Fresh” status, can be modified. This page allows you to modify details such as the date on which the revaluation document was raised, category of the revaluation document and User Status. You can also modify the standard cost of the part and remarks.

What you can do in this page

Modify the revaluation document details

You can modify all the revaluation details such as category, user status and status and the standard cost of the parts in the document.

Set the appropriate category for the revaluation document in the “Revaluation Category” field.

Set the status of the document to either “Fresh”, or “Draft” in the “Status” field.

Set the user defined status for the document in the “User Status” field.

Modify the standard cost of the parts listed, in the “New Standard Cost” field in the multiline.