Example: Closing Entries
Example 6:
Example: Single-Level Price Determination for the material cocoa is used for this closing entry.The material cocoa is not revaluated
The following values are displayed in the master data of the accounting view before the closing entry:
Period 1: Price control: S price; S price = 20 Mxn
Period 2: Price control: S price; S price = 21 Mxn
The accounting view 1 of the material master displays the following values after the closing entry:
Period 1: Price control: S price; S price = 20 Mxn
Period 2: Price control: S price; S price = 21 Mxn
Postings:
Number |
Periods |
Inventory |
Price differences |
Exchange rate differences |
Revaluation |
Accruals and Deferrals Account Material Ledger | |||||
1 |
1 |
200 |
|
|
|
|
|
|
| ||
5 |
2 |
20 |
|
|
|
20 |
| ||||
The material cocoa is not revaluated:
The following values are displayed in the master data of the accounting view before the closing entry:
Period 1: Price control: S price; S price = 20 Mxn
Period 2: Price control: S price; S price = 21 Mxn
The accounting view 1 of the material master displays the following values after the closing entry:
Period 1: Price control: Moving average price; Moving average price = 22,8 Mxn
Period 2: Price control: S price; S price = 21 Mxn
Postings:
Number |
Periods |
Inventory |
Price differences |
Exchange rate differences |
Revaluation | ||||
1 |
1 |
200 |
|
|
|
|
|
||
5 |
2 |
20 |
|
|
|
|
20 | ||
The material ledger data display for Period 2 is independent of the option selected during revaluation:
|
Quantity |
Preliminary valuation |
Price differences |
Exchange rate differences |
Price | |
Beginning inventory |
20 kg |
420 Mxn |
8 |
28 |
22,8 Mxn |
The price in the material ledger is an actual price and is calculated dynamically. For this reason, the price of 22,8 Mxn appears after the price and exchange rate differences from the previous period are updated.