Posting Variant 
Posting Variant
Definition
The posting variant is usually used for asset revaluation (see
Posting Variant). However, in Chile, you also use it with
replacement cost valuation, where it has a completely separate function. In this context, you use it to instruct the
inflation index adjustment program that the end of a half year has been reached.
Use
For replacement cost valuation, you define a posting variant with two entries, one for the last day of each half year. For example, if your fiscal year follows the calendar year, you would define a variant as follows:
Post. year |
Post. month |
Post. day |
9999 |
6 |
30 |
9999 |
12 |
31 |
When you run the inflation index adjustment program for period 6 or 12, the program resets the flag that the market price determination program has set for each material that it has determined a market price for. This clears the way for replacement cost valuation for the next half year.