Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Standard Cost Update Impact on Partial Receipt Global PO

edited Aug 9, 2023 9:48AM in Costing 3 comments

Summary:

Hi Gurus,

Recently in our project we've been testing how standard cost update will impact the cost accounting for partial receipt Global Purchase Order, yet the test result is a little bit confusing, we might need so explanation on some of the adjustment distribution to better understand how system works.

Below here are some backgrounds of this test:

Our customer is located in US(US USD BU), and is procuring goods from suppliers in China through an internal trading company located in Singapore(SG USD BU), which charges 20% PO amount markups against US headquarters(This has been set up on the pricing rule on the financial orchestration and in cost component mapping group we mapped the transfer_price with an overhead called 'Markup'), now customer uses standard costing method in system.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!