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changes.mady.by.user Marielle MOINET

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Comment: Frequency
Excerpt
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Prerequisite

  WP1Image Removed WorldwideImage Removed
Info

Excerpt
IAC controls

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Product Costing

Area: Controller (Requester)

Tip
Rules & Glossary: Costing - Rules Costing - Glossary Costing - SAP Operation
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Process: Product Costing
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Responsibility area: Internal Control Monitor  

Risk: Inventory valuation isn't accurate

Objective:
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Risk

FRA justifies the usage of manual costing vs a reference list validated by plant manager and GCCO, controls inventory revaluation and analyzes

variances

variances   

Process description
: Standard

Variances of production costs are

updated every month

analyzed monthly to ensure inventory valuation and cost of sales accuracy

.

Control description

FRA:

  1.  WP2 description:

1)

  1.  1. compares list of manual costing vs result of ZWOCO50 transaction

2)

 

  1.  2. analyzes product costing variances month over month and checks that there were no blocking errors (CK40N reports)

3) analyses variable costs and production fixed costs (ZWPP40A reports)

  1.  3. analyses variances (actual vs target) with the variable & fixed cost split (ZWPP_MCKOST or IMEP BW reports)

     - ZWOCO050 file with comments

     - CK40N checklist + CK40N analysis template


  2. PF2 description:

     1 . Analysis of material cost variances Month N vs Month N-1 above 10K Materiality (ZZM_MAT_VAL_COMP report) r ZWPP_MCKOST or IMEP BW reports) with comments

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Scope
WP2 & PF2
Frequency

D10


Control owner

Finance Responsible Assigned (FRA)

References


Expand
titleSAP Transactions

Content by Label
showLabelsfalse
max30
spacesSAPCost
showSpacefalse
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operatorAND
cqllabel = "op_106" and space = "SAPCost"
labelsmaintain_assessment_cycles

Expand
titleCosting rules

Content by Label
showLabelsfalse
max30
spacesSAPCost
showSpacefalse
sorttitle
operatorAND
cqllabel = "op_106" and space = "CostFAQ"
labelsmaintain_assessment_cycles

Control evidences

IAC 01.02 Monthly variance analysis, CCR, manual costing.xls  

IAC 01.02 template PF2.xlsx





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  Guideline  

Expand
titleWP2 Process

Guideline

 

 
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titleI download the last version of the file

Include Page
Download the file IAC 01.02
Download the file IAC 01.02

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titleI fill the template

Include Page
I fill the template IAC 01.02
I fill the template IAC 01.02

Reference

Expand
titlePF2 Process
Expand
titleI download the last PF2 version of the file

Include Page
Download the file IAC 01.02 PF2
Download the file IAC 01.02 PF2

Expand
titleI fill the template

Include Page
I fill the template IAC 01.02 PF2
I fill the template IAC 01.02 PF2

 

Next Operation(s):

 

 

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