IC125 – Standard Cost Valuation
- System
- Inventory Control (IC)
- Type
- Batch program
- Updates
- 5 tables
- References
- 16 tables
IC125 (Standard Cost Valuation) is a Lawson Inventory Control batch program. It updates ADDRDATA, CKPOINT, ICCOMPANY, ITEMLOC and SYSTEMCODE and references APCOMPANY, APVENGROUP, GLADDRESS, GLCHART, GLCODES, GLSYSTEM, ICBIN, ICCATEGORY and 8 more.
About IC125
Run Standard Cost Valuation (IC125) print a report that valuates currentinventory stock-on-hand quantities based on standard and future standard costsdefined for items in IC12.1 (Item Location). You can select the items printed on this report by location, report group, and/or inventory class. This form also provides the following update options: - 1) Roll future standard costs into current standard cost fields. - 2) Update the general ledger file with variance transactions. This formcreates cost variance transactions for general ledger. The cost variance represents the difference between extended current standard costs and extendedfuture standard costs defined for Item Location records in IC12.1 (Item Location). This form creates general ledger transactions. If you set the Standard CostUpdate flag to Yes, you must enter the general ledger posting date. You can post variance transactions to any general ledger period if two conditions are met: - The date is within 35 days of the inventory period end date - The general ledger period is open.
Updated files (5)
| Table | Description | System |
|---|---|---|
| ADDRDATA | Address Code | IF |
| CKPOINT | No description in the Lawson data dictionary | — |
| ICCOMPANY | Inventory Company Information | IC |
| ITEMLOC | Item Location | IC |
| SYSTEMCODE | System Code | IF |
Referenced files (16)
| Table | Description | System |
|---|---|---|
| APCOMPANY | Accounts Payable Company | AP |
| APVENGROUP | Vendor Group | AP |
| GLADDRESS | General Ledger Company Address | IF |
| GLCHART | General Ledger Chart | IF |
| GLCODES | General Ledger Codes | IF |
| GLSYSTEM | General Ledger Company | IF |
| ICBIN | Bin Numbers | IC |
| ICCATEGORY | GL Account Category | IC |
| ICLOCATION | Company Location | IC |
| ICRPTGRP | Report Group | IC |
| INSTCTRYCD | Intrastat Country Codes | TX |
| ITEMMAST | Item Master | IC |
| ITEMSRC | Item Source | IC |
| MAJORCL | Major Class | IC |
| MINORCL | Minor Class | IC |
| RQLOC | Requesting Locations | RQ |
Program calls
Invoked programs (21)
ACAC, ACTA, API4, GLCC, IFAC, IFAU, IFCU, IFFC, IFGT, IFJR, IFLU, IFOB, IFRS, IFSC, IFSG, IFUP, SLFD, SLSB, SLSE, SLSS, SLSU