The specified method indicating how LN goes through the product structure when calculating the standard cost.
Allowed values
Calculate Standard Cost (ticpr2210m000)Use this session to calculate the valuation price and the standard cost of non-project items and PCF configured items with the With PCS check box cleared in the Item (tcibd0501m100) session. Note You can calculate the standard cost of a project and the related customized items in the Calculate Standard Costs by Project (tipcs3250m000) session. Performance aspects The settings in this session could affect system performance and database growth. For more information, refer to Delete item costing data.
Selection Standard Cost Calculation Method The specified method indicating how LN goes through the product structure when calculating the standard cost. Allowed values Calculation Data Cost Calculation Code A specification of how a standard cost, valuation price, or sales price is calculated. The code stores specific cost calculation data. The price calculation code that is defined in the Standard Cost Calculation Parameters (ticpr0100m000) session determines the standard cost. Other cost calculation codes are used for simulation purposes. The price calculation code for customized items is stored by project. Example
Calculation Date This date is used to simulate the standard cost/valuation calculation on a date that either precedes or follows the current date. Based on the standard cost calculation date, LN automatically simulates the structure and composition of the product and the routing. By default, LN shows the current date. Selection Range Enterprise Unit A financially independent part of your organization that includes entities such as departments, work centers, warehouses, and projects. The enterprise unit's entities must all belong to the same logistic company, but a logistic company can contain multiple enterprise units. An enterprise unit is linked to a single financial company. When you carry out logistic transactions between enterprise units, the resulting financial transactions are posted to the financial companies to which each enterprise unit is linked. Note Only visible if Standard Cost by Enterprise Unit in the Implemented Software Components (tccom0100s000) session is Active. Item Group A group of items with similar characteristics. Each item belongs to a particular item group. The item group is used in combination with the item type to set up item defaults. Item The raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, and sold. An item can also represent a set of items handled as one kit, or which exist in multiple product variants. You can also define nonphysical items, which are not retained in inventory but can be used to post costs or to invoice services to customers. The examples of nonphysical items:
Options Only Items without Standard Cost If this check box is selected, standard cost and valuation prices are calculated for those items for which a standard cost is not already present. Note
Include Standard Subassemblies If this check box is selected, the standard cost of all standard subassemblies is calculated. When Only Items without Standard Cost check box is also selected then subassemblies without standard cost are calculated. Note This field is displayed only when the Customer Furnished Materials check box in the Implemented Software Components (tccom0100s000) session is selected. Exclude Configured Standard Items If this check box is selected, valuation prices and/or standard costs for configured standard items are not calculated. If you run the Generate (Project) Structure for Product Variant (tipcs2220m000) session, an anonymous item that is part of a generic BOM becomes a configured standard item. For the configured standard item, a new, non-customized item code is generated. In this way, you can configure an item without using a PCS project. Parallel Bshells Nr parallel Bshells The number of servers (bshells) that calculate and actualize cost and valuation prices. Batch size The number of items that are submitted to one of the parallel servers (bshells) to calculate and actualize cost and valuation prices. Actualize Standard Cost and Revalue Inventory If this check box is selected, the standard costs and/or the valuation prices are updated. LN changes the values of the following fields in the Item - Costing (ticpr0107m000) session: If the Backdate Valuation Price Allowed check box in the Standard Cost Calculation Parameters (ticpr0100m000) session and the Actualize Standard Cost and Revalue Inventory check box are selected, you can specify a date in the past to actualize prices. Therefore, select Last Date of Previous Period or Specific Date as the effective date. Note
Effective Date You can specify the effective date of the valuation price or the standard cost, which can be the current date or a date in the past. If the Actualize Standard Cost and Revalue Inventory check box is selected, and the Backdate Valuation Price Allowed check box in the Standard Cost Calculation Parameters (ticpr0100m000) session is also selected, you can specify for which date the valuation price or standard cost is calculated or actualized. Possible values
Note If you select the Last Date of Previous Period option, you can also select the Reverse to original inventory value at start of current period check box on the Market Value tab. For more information, refer to Lower of cost or market value If you click Specific Date, you can enter a date in the past in this field. Delete Standard Cost History Data If this check box is selected, standard cost history data is removed when the standard cost data is actualized. Which standard cost history data is removed depends on the value of the Retain Standard Cost History field in the Standard Cost Calculation Parameters (ticpr0100m000) session. For more information, refer to Remove Standard Cost History Data (ticpr2230m000). Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Remove item standard costing data. Print Hours Values If this check box is selected, production hours values are included in the report. Market Value Inventory Value Based on Lower of Cost or Market Value You can base the value of inventory on the original purchase prices or the market values. If this check box is selected, and the market values are lower than the purchase prices, the market values are used to value inventory. This method is called lower of cost or market value (LCMV). If this check box is cleared, purchase prices are used to determine the inventory value. Reverse to original inventory value at start of current period Using lower of cost or market value (LCMV) to value inventory can result in an inventory value that differs from the inventory value that is calculated based on the original purchase prices. If the effective date is the last day of the previous financial period (the Last Date of Previous Period option is selected), you can use this check box to determine whether the inventory value is based on LCMV or on the original purchase prices at the start of the current financial period:
Note You can only select or clear this check box if:
Value used if Purchase Receipts Exist After Last Market Value Date If new purchase receipts exist after the date that market values are entered for the last time, you must select which price to use to calculate the inventory value. You can choose between the following options:
Note You can only select these options if the Inventory Value Based on Lower of Cost or Market Value check box is selected.
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