A hard coded user-defined code (UDC) (system 39/type VA) indicating the type of process that the valuation method should use in stock valuation. Identify if the method is a LIFO, FIFO, or Weighted Average Cost valuation type.
A hard coded user-defined code (system 39/type VA) indicating the type of process that the valuation method should use in stock valuation. Identify if the method is a LIFO, FIFO, or Weighted Average Cost valuation type.
A two character abbreviation for the methods that the system uses to determine the value of the company's stock for reporting and financial purposes.
Examples include FI (FIFO), F2 (FIFO Detail by Branch), and LI (LIFO).
When you run the Stock Valuation Extraction program, the system updates the Stock Valuation Detail tables for the assigned valuation methods.