Process: RtR

Macro-Process: Costing / Product costing

Scope: Level 1

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

                         

Standard costs are updated every month to ensure inventory valuation and cost of sales accuracy.

            

FRA

 

               

D5

 

               

Monthly

FRA:

  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 variable costs and production fixed costs (ZWPP40A reports)

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

Former Controls: IAC 03.08.05 / IAC 03.08.06 / IAC 03.09.00.01

 

Guideline