Revaluation entry - CK24 for Period

Question

Hi All,
I have a basic doubt, when i run standard cost estimate for the next period, i know i can mark it and i cant release it, as the system says its too early to release. Which period does it looks into is it from MM or FI period or ....
When i release the standard cost estimate in the month beginning say March 1st -period 12, is the revaluation entry posted for the current for the period of March (12) or February (11).
I have a requirement saying the revaluation entry is to be posted for the previous period, say February and not March when i release the standard cost estimate for the period
of march. Where in i need to show my revaluation stock entries in my balance sheet for the previous period and not for the current period - 12.
Any body could you throw some light on this, functionally and
technically. How to address this in the system.
Thanks in advance
With best regards
GJ.

Answer 1

Hello ggg jjj,
First of all as a functional point of view, i dont agree with you, that revaluation impact to be passed to previous period. Allways, the revaluation impact to be passed in the period in which the cost is revised and not the last period since all the activities in the last period will take with old price and already the impact might have got effected. So please know why client wants in that way..
And there is no way that revaluation entry can be passed in the previous period... only the alternative way is to know the impact and pass manual entry and adjust in next month if client is keen on this issue.
Please let me know if you require any further information.
Thank you,
Regards,
Satnosh
Reward points if helpful.