IC125 - Standard Cost Valuation

Run this program to print the Standard Cost Valuation report. This report
evaluates current inventory stock-on-hand quantities based on standard and
future standard costs defined for items in IC12.1 (Item Location). You can
select the items printed on this report by location, report group, and/or
inventory class. This form also provides the following update options:

1) Roll future standard costs into current standard cost fields.
2) Update the general ledger file with variance transactions. This form
creates cost variance transactions for general ledger. The cost variance
represents the difference between extended current standard costs and extended
future standard costs defined for Item Location records in IC12.1 (Item
Location).

This form creates general ledger transactions. If you set the Standard Cost
Update flag to Yes, you must enter the general ledger posting date. You can
post variance transactions to any general ledger period if two conditions are
met:

- The date is within 35 days of the inventory period end date

- The general ledger period is open.

Updated Files

    CKPOINT    - This file is used in the event of a program or system failure
                 to enable a batch update program to continue from where it left
                 off.


    ITEMLOC    - The Item Location file contains the dynamic information for an
                 inventoried item at a stock location.


    SYSTEMCODE - This file contains system code information used for remote
                 site processing.



Referenced Files

    GLADDRESS  - This file contains the name, address, and communication
                 numbers for the company and needed accounting units.


    GLCHART    - This file contains chart and system account information in the
                 General Ledger system.


    GLSYSTEM   - This file contains company information used primarily by the
                 General Ledger system, but is also referenced by Lawson
                 subsystems.


    ICCATEGORY - The GL Account Category file is a master file that defines the
                 inventory and offset general ledger accounts used to post
                 inventory transactions.


    ICCOMPANY  - Used to validate the company number.

    ICLOCATION - This file is used to validate the inventory location.

    ICRPTGRP   - The Report Group file stores the valid report groups used to
                 define groups of locations for reporting purposes.


    ITEMMAST   - The Item Master file stores static information about each item
                 such as description, classes, units of measure, and weight.


    MAJORCL    - This file contains the major class codes which are entered on
                 Item Master records.


    MINORCL    - This file is a detail file for the Major Class file.


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