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

When does Standard cost update results in Expense, Standard cost adjustment accounting entries?

edited Sep 5, 2024 8:31AM in Costing 2 comments

Standard cost update has been done for all the items. After running cost accounting proesses, accounting entries generated are Inventory Valuation, Standard Cost Adjustment. For three items accounting type generated is Expense, Standard Cost Adjustment. We are not able to figure out which scenario results in generation of Expense, Standard Cost Adjustment.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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