Viewing corrected valuation details for parts

This page allows you to view the value details for the part that is lot controlled. Tell me more.

Select the “View Lot Value Details only for Actual Costing - Lot Controlled Parts” in the “View Serial & Lot Details” page or “View Value Details” link from the “View Stock Correction” page.

The “View Value Details” page appears.

The system displays the following in the “Stock Correction Details” group box:

Stock Correction #	The number identifying the stock correction document to view value details.
Status	The status of the stock correction document. The system displays “Draft” or “Fresh”.
Warehouse #	The number indicating the warehouse for which the stock correction document is created.
Base Currency	The currency of the stock correction.

The system displays the following in the “Part Valuation Details” multiline:

Note: If this screen is being invoked from the “View Serial & Lot Number Details ” the system retrieves the information in the “Part Valuation Details“ multiline, only if the part is “Lot Controlled”, correction type is “Quantity & Value”, valuation method is “Actual Costing” and the correction quantity is “Positive”.

Note: If this screen is invoked from the “View Stock Correction ” page the system retrieves the information in the “Part Valuation Details” multiline based on the following conditions:

A) The correction type of the document is “Value” and the part valuation method is “Weighted Average”

B) The part is “Lot Controlled”, correction type is “Value” and the valuation method is “Actual Costing “.

C) The correction type is “Quantity & Value”, valuation method is “Weighted Average” and the correction quantity is “Positive”.

D) The correction type is “Quantity & Value”, valuation method is “LIFO” or “FIFO”, the correction quantity is “Positive” and if the “Apply Default Correction Value” is checked.

E) The correction type is “Quantity & Value”, the valuation method is “LIFO” or “FIFO” , the correction quantity is “Positive” , the “Apply Default Correction Value” is not checked and if the value details for the Part # - Stock Status is not already entered in the “Correct Specific Receipts” page.

Part #	The number identifying the part.
Stock Status	The stock status of the part
Manufacturer Lot #	The number identifying the lot number issued by the manufacturer
Lot #	The number identifying the lot number of the part.
Current Quantity	The quantity of the stock as maintained in the system for the part number and the stock status.
Current Value	The total value of the stock as maintained in the system for the part number and the stock status.
Correction Method	The correction method, which could be “Direct” or “Costing Method”.
Correction Quantity	The difference between the physical stock quantity and the system stock quantity
Correction Value	The correction value for the part number- stock status
Corrected Value	The value of the part corrected
Part Description	The textual description of the part.
Part Control Type	The type of the part control, which could be “Serial Number” or “Lot Number”.
Valuation Method	The valuation method adopted, which could be “Actual Cost” or “Standard Cost” of “Weighted Average” or “LIFO” or “FIFO”.
Expensing Policy	The method for clearing off the value of the part from the inventory, such as On First Issue, On Phase Out, Core value on Phase Out or On Receipt.

Viewing corrected value details for part- An Overview

This page allows you to view the corrected value details for the part that is lot controlled or serial controlled or serial and lot controlled.

You can view the corrected value details of the part under the following circumstances:

The part is “Lot Controlled”, correction type is “ Value” and the valuation method is “Actual Costing”.
The part is “Lot Controlled” or “Serial Controlled” or “Serial & Lot Controlled”, correction type is “ Value” and the valuation method is “Weighted Average”.
The part is “Serial Controlled” or “Serial & Lot Controlled”, correction type is “Quantity & Value”, the valuation method is “LIFO” or “FIFO” or “Weighted Average” and the correction quantity is positive.