Page History

Excerpt

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Area: Controller (requester)

previous Operation(s):

Tip
Rules & Glossary: Costing - Rules Costing - Glossary Costing - SAP Operations

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Process: Inventory Valuation

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Responsibility area: Internal Control Monitor

Risk : Net realization value inventory reserves do . : GCCO update : Inventories : GCCO fill-in check list

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:

WP2 & PF2

Frequency

Quarterly basis (Last working day of March, June, September, December)

Control owner

GCCO

References

Expand
title SAP Transactions
Content by Label
showLabels false
max 30
spaces SAPCost
showSpace false
sort title
operator AND
cql label = "op_114" and space = "CostProc"
labels maintain_assessment_cycles

Expand
title Costing rules
Content by Label
showLabels false
max 30
spaces SAPCost
showSpace false
sort title
operator AND
cql label = "op_114" and space = "CostProc"
labels maintain_assessment_cycles

Control evidences

IAC 02.07 Stock reserve.xls
Reports analyzed with comments
Updated reserve decision

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Guideline

Expand

title	I fill the check list

Reference

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Versions Compared

Old Version 8

New Version Current

Key

Prerequisite

Risk

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

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

Scope:

WP2 & PF2

Frequency

Control owner

References

Control evidences

Reference