Lower cost or market value

The International Financial Reporting Standards (IFRS) require in some cases reporting of the inventory market value instead of an inventory value determined by the original purchase prices. The market value can provide you with a better insight into the real value of the inventory. Reporting inventory value based on market prices instead of (higher) purchase prices is also referred to as lower cost or market value (LCMV). You can apply LCMV in Infor LN SP1.

In addition to reporting the inventory value based on market prices, you can also choose to revaluate the inventory value to the market value in Infor LN SP1.