IFRS FIFO Period End Valuation (IC247)
Run the IFRS FIFO Period End Valuation (IC247) to report a FIFO inventory valuation regardless of the company's inventory valuation method setting (IC01). This can be used to satisfy the IFRS requirement to provide a two year FIFO inventory valuation when moving from LIFO to FIFO. This report is similar to Period End Valuation (IC234) but allows a historical FIFO valuation regardless of the IC Company setting on IC01. The Valuation Date parameter is used as a base valuation date. The report will attempt to go back two years from this date depending on the available IC Transaction history (ICTRANS).