Work-in-progress valuation – IAS 2

Requirement

At period end, as part of the process of valuing inventory, a valuation of work in progress is also required.

M3 solution

A specific period-end function is used to generate a valuation of work in progress. Accounting and a detailed specification to support the balance sheet value are provided.

Configuration guidelines

Program ID	Program name	Description or comment
CAS030	Settings - WIP Valuation
CRS395	Accounting Rule. Set	Rules for accounting adjustments at the end of the period for inventory valuation
CRS630	Accounting Identity. Open
CAS170	WIP Value. Open