AntedatingWhen material issues or end product deliveries are recorded in LN, you can use antedating to post the transactions on a date in the past. This allows you to post the transactions more accurately, in case you update LN some time after the actual manufacturing processes were carried out. If antedating is not used, all financial transactions are posted based on LN date and thus on today's cost price structure. If antedating is allowed, it becomes possible that the current cost price is not taken but another cost price structure is used from history. If the cost price had been recalculated after the entered completion date and fixed transfer pricing is applied as valuation method of the end product, the end product inventory is automatically reevaluated. Example You use fixed transfer pricing as the valuation method of an item. The fixed transfer price (FTP) of an item is $12 on January 1st. On January 2nd, you recalculate the valuation price, and the FTP is set at $13. You report a production order for 1 item completed on January 3rd and the production results are posted. Without antedating If you enter January 3rd as completion date, the FTP is $13. The WIP decreases by $13 and the value of the inventory increases by the same amount. With antedating If you enter January 1st as completion date, the FTP is $12. The WIP decreases by $12 and the value of the inventory increases by $13. The difference ($1) is posted as revaluation.
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