IC247 – IFRS FIFO Period End Valuation
- System
- Inventory Control (IC)
- Type
- Batch program
- Updates
- 3 tables
- References
- 19 tables
IC247 (IFRS FIFO Period End Valuation) is a Lawson Inventory Control batch program. It updates ADDRDATA, CKPOINT and ICRECEIPTS and references CUCONV, CURELAT, GLADDRESS, GLCHART, GLSYSTEM, ICCATEGORY, ICCOMPANY, ICLOCATION and 11 more.
About IC247
Run the IFRS FIFO Period End Valuation to report a FIFO inventory valuationregardless 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 ahistorical 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).
Updated files (3)
| Table | Description | System |
|---|---|---|
| ADDRDATA | Address Code | IF |
| CKPOINT | No description in the Lawson data dictionary | — |
| ICRECEIPTS | Costing Record | IC |
Referenced files (19)
| Table | Description | System |
|---|---|---|
| CUCONV | Currency Exhange Rate | IF |
| CURELAT | Currency Relationships | IF |
| GLADDRESS | General Ledger Company Address | IF |
| GLCHART | General Ledger Chart | IF |
| GLSYSTEM | General Ledger Company | IF |
| ICCATEGORY | GL Account Category | IC |
| ICCOMPANY | Inventory Company Information | IC |
| ICLOCATION | Company Location | IC |
| ICRECEIPTS | Costing Record | IC |
| ICRPTGRP | Report Group | IC |
| ICTRANS | Inventory Transaction | IC |
| INSTCTRYCD | Intrastat Country Codes | TX |
| ITEMLOC | Item Location | IC |
| ITEMMAST | Item Master | IC |
| MAJORCL | Major Class | IC |
| MINORCL | Minor Class | IC |
| MXLISTMBR | Attribute List | IF |
| PORECADJHD | Receiving Adjustments Header | PO |
| PORECADJLN | Receiving Adjustments Line | PO |
Program calls
Invoked programs (12)
ACAC, ACTA, API4, ICBL, IFAC, IFCU, IFLU, IFOB, IFSG, IFUP, SLSE, SLSU