Process: Inventory Valuation



Responsibility area: SBS-P-DRTR-02-004 Internal Control  



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


 

 

 

 


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

GCCO

References

 


Control evidences


 

 


  Guideline