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Comment: Frequency
Excerpt
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Page_title

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Process: Product Costing
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Responsibility area:SBS-P-DRTR-02-004 Internal Control Monitor  

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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   

Process description

Variances of production costs are analyzed monthly to ensure inventory valuation and cost of sales accuracy

Control description

FRA:

  1.  WP1 WP2 description:

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

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

     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. PF1 description 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
WP1
WP2 & PF1PF2
Frequency

D5D10


Control owner

Finance Responsible Assigned (FRA)

References


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titleSAP Transactions

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titleCosting rules

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Control evidences

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

IAC 01.02 template PF1PF2.xlsx





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  Guideline  

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titleWP1 WP2 Process
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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

Expand
titlePF1 PF2 Process
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titleI download the last PF1 PF2 version of the file

Include Page
Download the file IAC 01.02 PF1PF2
Download the file IAC 01.02 PF1PF2

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titleI fill the template

Include Page
I fill the template IAC 01.02 PF1PF2
I fill the template IAC 01.02 PF1PF2

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