Process: SBS-P-DRTR-03-001 Inventory Valuation

Responsibility area: Calculate and post Inventory Reserve

 


 The purpose of this document is to explain how to generate the proposition and how to account in ERP the valuation of the stocks at the “fair value” in order to give relevant information about the “real value” of the company to all economic actors (share-holders, legal authorities...).   

Before the closure in the months of March, June, September and December. The final validation and postings should be done until D-5 at the latest. 

RtR Service Center runs the transactions and prepares the Excel files with proposal of rotation and financial depreciation.

Controllers are responsible to analyze the posting proposal sent by RtR Service Center and provide the final validation for the depreciation amounts to be posted, indicating the changes to be done to the original posting proposal. In some cases, an additional comment on the largest variances between depreciation proposed and validated is required.


Scope
Frequency
References

 

Attachments

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SBS-OP-DRTR-02-092 - I calculate inventory reserve << 

 

 

  Guideline  

The posting of Inventory depreciation can only be carried out after validation of the responsible Controller. In the validation reply to the initial proposal, the depreciation amounts must be indicated for each specific material.