Prerequisite
- Participation in the APplus Basic Knowledge course
- Participation in the APplus Calculation course
- Basic knowledge of financial accounting
Objective
- Carrying out the monthly valuation of stock and work in progress (WIA)
- Evaluation of all inventory data related to the valuation of a company, including necessary accruals and deferrals
- Controlling of accounting discipline incl. presentation of differences
- Get to know accounting concepts in the direction of financial accounting for the balance sheet and income statement
Contents
- Theoretical principles and importance of inventory valuation for a company
- Overview of value flows from goods receipt to payment by the customer
- Configuration options in the system configuration and other tables
- Examples of trade, production, external processing, etc.
- Logic of the revaluation of acquisition postings
- Dealing with overhead surcharges
- Implementation of a period-end closing
- Valuation of inventories according to the lower of cost or market principle
- Explanation of various special cases such as negative inventories, premature order completion
- Procedure for the use of standard prices
