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changes.mady.by.user Gomes, Susana

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Excerpt
hiddentrue

Page_title



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Process: Inventory Valuation



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Responsibility area: Internal Control Monitor  



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Risk

Net realization value inventory reserve does not comply with group rules

Objective

GCCO updates every year slow turn inventory reserve calculation procedure for his/her perimeter

 

Process description

 Inventories shall be measured at the lower of cost and net realizable value.

 

Control description

SBS Syensqo GBS is preparing and sending the report with the Inventory reserves to the FRA and/or GCCO for analysis and validation







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Scope:
WP1
WP2 &
PF1
PF2
Frequency
Quarterly basis (Last working day of March, June, September, December)
Control owner

GCCO

References


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titleSAP Transactions

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showLabelsfalse
max30
spacesSAPCost
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operatorAND
cqllabel = "op_114" and space = "SAPCostCostProc"
labelsmaintain_assessment_cycles


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titleCosting rules

Content by Label
showLabelsfalse
max30
spacesSAPCost
showSpacefalse
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operatorAND
cqllabel = "op_114" and space = "CostFAQCostProc"
labelsmaintain_assessment_cycles

Control evidences





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  Guideline  


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