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TC-00105 : FIN - ITEM - New Item Setup - Review Inventory Cost Revaluations created via the Revalue Standard Cost Inventory process
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Process Area : Design to Build
Steps To Execute
Role: Kimray Cost Accountant, Kimray Cost Supervisor 1. Inventory Cost Revaluation transactions created by the previous process are visible under Transactions > Inventory > Revalue Inventory Costs (note: depending on role, this may be under the Financial > Inventory menu). 2. To aid in Inventory Cost Revaluation review, it is advised to use one of the following Saved Searches. 3. "Inventory Cost Revaluation Item/Location Inquiry" - This Saved Search can be used to view the component item level costs for an individual Item/Location. This search is configured to return the most recent Standard Cost based on the Effective Standard Cost Date visible on the Item Record > Accounting tab > Standard Cost subtab. 4. "Inventory Cost Revaluations - All" - This Saved search can be used to view all Inventory Cost Revaluations on or after a given date. The search displays total standard cost for each revaluation transaction summarized by Item, Location, and Date. 5. Current Standard Costs and Effective Dates by Location can also be viewed from the Item Record > Accounting tab > Standard Cost subtab. Inventory Revaluation transactions can be viewed from the Related Records tab > View: "Inventory Revaluations by Location sublist view".
Expected Results
Inventory Cost Revaluations reviewed.