Lawson Insight Technical Documentation

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IC125


IC125 - Standard Cost Valuation

**Form Purpose
Run Standard Cost Valuation (IC125) print a report that valuates 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.

    ICCOMPANY  - Used to validate the company number.

    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

    APCOMPANY  -

    APVENGROUP -

    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.

    GLCODES    -

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

    ICBIN      -

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

    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.

    ITEMSRC    -

    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.

    RQLOC      -


INVOKED Programs

    API4
    ACAC
    ACCL
    IFCU
    IFSG
    IFAC
    SLSE
    SLSU
    IFFC
    IFGT
    GLCC
    IFAU
    IFOB
    IFRS
    IFSC
    SLSB
    SLSS
    IFJR
    SLFD