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Replacement Cost Valuation for Chile

Document Version: 7025 November 2013

Replacement Cost Valuation for Chile

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Table of Contents
Replacement Cost Valuation for Chile ............................................................................................ 5
Legacy Data Transfer .................................................................................................................. 6
Replacement Cost Determination (Chile) .................................................................................... 7
Algorithm for Replacement Price Determination ...................................................................... 8
Legal Requirements.............................................................................................................. 9
Market Price Determination ................................................................................................ 12
Market Price Determination: Example 1 ......................................................................... 17
Market Price Determination: Example 2 ......................................................................... 20
Replacement Prices for Finished Goods ................................................................................... 21
Parallel Inventory Valuation ....................................................................................................... 22

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Replacement Cost Valuation for Chile


Companies in Chile that use Chilean peso as local currency are required to valuate their
inventories for tax purposes once a year in addition to the valuation according to IFRS. The tax
valuation takes into account market prices, inflation, and the effects of foreign currency exchange
rates (correccion monetaria existencias).

Activities
1. If you use inflation management for Chile for the first time, use program J_1ARCVN_LDT
to transfer legacy data for the previous fiscal year.
For more information, see Legacy Data Transfer on page 6.
2. Use transaction J1ARC (Replacement Cost Determination (Chile)) in order to determine
the replacement cost (costo de reposicin) for purchased materials according to Chilean
tax regulations. You must run it at the end of the fiscal year. However, you can also run it
during the year.
For more information, see Replacement Cost Determination (Chile) on page 7.
3. Calculate replacement prices for finished goods using one of the following:
o

Inventory cost estimates

Single-level or multilevel actual costing

For more information, see Replacement Prices for Finished Goods on page 21.
4. Assuming that the leading inventory valuation is according to IFRS, material valuation
prices (standard price or moving average price) are left unchanged. Perform a parallel
inventory valuation using one of the following:
o

Balance sheet valuation

Alternative valuation run

For more information, see Parallel Inventory Valuation on page 22.

Customizing Activities for Replacement Cost Determination


Before executing the replacement cost determination for purchased materials for the first time,
perform the following Customizing activities under Materials Management Valuation and
Account Assignment Balance Sheet Valuation Procedures Set Up Replacement Cost
Valuation (Inflation) . Activities under this node that are not listed below are not relevant.
Maintain Inflation Indexes
Maintain Time Base and Exposure to Inflation Variants
Maintain Inflation Methods
Assign Inflation Methods to Company Codes
Maintain Material Inflation Classes
Maintain Movement Types for Replacement Cost Determination (Chile)
For more information about these activities, see the documentation available from the selection
screen for program Replacement Cost Determination (Chile) (transaction J1ARC).

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Legacy Data Transfer


Procedure
The program J_1ARCVN_LDT creates the inflation view of the material master based on a tabdelimited text file.
Run this program if you do not want to create the inflation view for each material manually. The
program validates the import data.

More Information
For more information, see the documentation available from the selection screen for program
J_1ARCVN_LDT.

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Replacement Cost Determination (Chile)


You use Replacement Cost Determination (Chile) (transaction J1ARC) to determine the
replacement cost (costo de reposicin) for purchased materials according to Chilean tax
regulations.
You must run it at the end of the fiscal year. You can optionally run it for any period during the
fiscal year.
In addition to the replacement price in the inflation view of the material master, the transaction
updates price fields in the Accounting 2 view of the material master as well as valuation
alternatives. In the inflation view, only the replacement cost for the last valuation period as well as
the previous fiscal year are kept.

After you run Replacement Cost Determination (Chile) for a new fiscal year, you can no
longer run it for the previous fiscal year if there were no purchases in that year. This is
because the replacement cost of the year before the previous fiscal year is no longer
available.

Prerequisites
Before executing the replacement cost determination for purchased materials for the first time,
you must perform Customizing activities under Materials Management Valuation and Account
Assignment Balance Sheet Valuation Procedures Set Up Replacement Cost Valuation
(Inflation) .

Procedure
To access the program, from the SAP Easy Access screen, choose Logistics Materials
Management Valuation Balance Sheet Valuation Replacement Cost Valuation (Inflation)
Replacement Cost Determination (Chile) . Alternatively, execute transaction J1ARC.

More Information
For more information, see the documentation available from the selection screen for program
Replacement Cost Determination (Chile) (transaction J1ARC).

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Algorithm for Replacement Price Determination


See Legal Requirements on page 9
See Market Price Determination on page 12

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Legal Requirements
Two parameters are important when determining the replacement price of a purchased material:
the market price and the latest purchasing date.
Market Price
This is derived from the material prices of all eligible purchasing documents. Chilean law
treats purchased materials differently, depending on if they were purchased domestically
or if they were imported. For domestic materials, the highest price from all eligible
purchasing documents is to be used as market price, while for imported materials the
latest price from all eligible purchasing documents is to be used. The inflation class of the
material (more precisely the revaluation method) and not the currency of the purchasing
document determines if the material is to be treated as domestic or imported material.
For more information about purchasing document selection and price determination, see
Market Price Determination on page 12.
Latest Purchasing Date
This is determined from the latest document date of all eligible purchasing documents. In
certain cases, a purchasing document might be used for determining the latest
purchasing date, but not for determining the market price. For example, this is the case
when the highest price of a domestic material is not the latest price or when the vendor
invoice of an imported material precedes the corresponding goods receipt. For more
information, see Market Price Determination on page 12. The latest purchasing date
determines the purchase semester of a material (last purchase in first half or second half
of the year).

Replacement Price for Domestically Purchased Materials


Assume the replacement price of a purchased material is to be determined for the year 2013. The
market price is determined by the highest material price from all relevant purchasing documents
in 2013. Depending on the latest purchasing date the inflation index is either applied or not
applied.
1. No relevant purchasing documents in the fiscal year
In this case, the inflation index is applied to the replacement price of the previous year
2012 using the index values from 30 November 2012 up to 30 November 2013. The
index is only applied if there was inflation (that is, the index value from 30 November
2013 is higher than the index value from 30 November 2012).

Apply index from 30 November 2012 up to 30 November 2013


No relevant purchasing documents in fiscal year 2013

Figure 1: No relevant purchasing documents in the fiscal year


Generally, if the replacement price is determined for period p of fiscal year y, the inflation
index is applied using the index values from 30 November of fiscal year y-1 up to the last
day of period p-1 in fiscal year y. The applicable dates for applying the inflation index are

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defined in the corresponding Time Base and Exposure to Inflation Variant in Customizing.
The index is only applied if there was inflation in the considered index interval.
2. Relevant purchasing documents in the first semester of the fiscal year, but not in the
second semester
In this case, the inflation index is applied to the highest purchasing price found in the first
semester of 2013 using the index values from 31 May 2013 up to 30 November 2013.
The index is only applied if there was inflation (that is, the index value from 30 November
2013 is higher than the index value from 31 May 2013).
Apply index from 31 May 2013
up to 30 November 2013
Market price found (highest)
in 1st semester 2013

No relevant purchasing documents


in 2nd semester 2013

Figure 2: Relevant purchasing documents in the first semester of the fiscal year, but not in
the second semester
Generally, if the replacement price is determined for period p of fiscal year y and the last
day of period p is after 30 June, the inflation index is applied using the index values from
31 May of fiscal year y up to the last day of period p-1. The applicable dates for applying
the inflation index are defined in the corresponding Time Base and Exposure to Inflation
Variant in Customizing. The index is only applied if there was inflation in the considered
index interval.
3. Relevant purchasing documents in the second semester of the fiscal year
In this case, the inflation index is not applied, independently of whether the highest
purchasing price was found in the first semester or the second semester. The inflation
index is not applied since there was a relevant purchasing document in the second
semester.

Market price found (highest),


relevant purchasing document in 2nd semester 2013

Figure 3: Relevant purchasing documents in the second semester of the fiscal year

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Replacement Price for Imported Materials


Assume the replacement price of a purchased material is to be determined for the year 2013. In
the case of imported materials, the market price is determined by the latest price from all relevant
purchasing documents in 2013. Depending on the semester of the latest purchasing date,
currency exchange rates are either applied or not applied. The purchase semester logic is the
same as for domestic materials. The dates are not to be shifted by one month since up-to-date
exchange rates are available (differently from the application of an inflation index).
No relevant purchasing documents in the fiscal year
In this case, exchange rates are applied to the replacement price of the previous year
2012 as follows:
The replacement price in Chilean pesos is converted into the original foreign currency
using the corresponding exchange rate from 31 December 2012. Afterwards, the foreign
currency amount is calculated back into Chilean pesos using the exchange rate from 31
December 2013. Exchange rates are always applied, even if the resulting replacement
price is lower than the previous replacement price.
Apply exchange rates from 30 Dec 2012 and 30 Dec 2013
No relevant purchasing documents in fiscal year 2013

Figure 4: No relevant purchasing documents in the fiscal year


Generally, if the replacement price is determined for period p of fiscal year y, the
replacement price from fiscal year y-1 is converted into the original foreign currency with
the exchange rate from 31 December y-1. Afterwards the foreign currency amount is
converted back into Chilean pesos using the exchange rate from the last day of period p
in fiscal year y. The applicable dates for applying the exchange rates are defined in the
corresponding Time Base and Exposure to Inflation Variant in Customizing.

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Market Price Determination


Market prices are determined from different types of source documents. You always need to take
vendor invoices and goods receipts into account. After consulting your tax auditor, you may also
consider prices from contracts and info records. This section discusses price determination from
invoices and goods receipts.
Like the material valuation price, the market price is always determined in the base unit of
measure of the material master and in the price unit from the Accounting 1 view that is valid for
the period for which replacement price determination is executed. However, all quantities in
goods receipts and invoicing documents are in the order unit of measure, which may be different
from the base unit of measure. If the order unit is different from the base unit, conversion rules
are maintained in the material master. These rules are applied during market price determination.
Once a goods receipt or an invoice has been posted, the order unit can no longer be changed. All
goods receipts and invoices of a purchase order item make use of the same order unit.

Terminology
Technically, invoice or goods receipt (GR) prices for a material are always on item level (GR item,
invoice item, credit memo item, and so on), and items refer to other items. For simplicity, item is
omitted in the following discussion.
Definitions:
Price source
Goods receipt, invoice, contract, or info record with a price. The valuation method (latest
price or highest price) is applied to all considered price sources per valuated material.
Considered price sources are typically a subset of all selected price sources.
Period under consideration
Period from the first day of a fiscal year up to the last day of the valuation period specified
in the selection screen (for instance 1/1/13 31/12/13)
Invoiced quantity
Sum of all quantities that have been invoiced minus the sum of all quantities from credit
memos within a certain period.
Received quantity
Sum of all quantities that have been received minus the sum of all quantities that have
been reversed within a certain period.

Prices from Invoicing Documents


There are multiple ways of posting vendor invoices in SAP ERP.
Invoices posted by MM Invoice Verification
o

Invoices with reference to a purchase order (PO) item, using GR-based invoice
verification: GR-based invoice verification requires that a GR is posted before an
invoice is posted. All invoicing documents refer to both a PO item and a GR item.

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Invoices with reference to a PO item, not using GR-based invoice verification: All
invoicing documents refer to a purchase order item only.

Invoices without reference to a purchase order item

Invoices posted by FI
o

FI only supports invoices without reference to a purchase order item

Market price determination only takes invoices with reference to a PO item into account, with or
without GR-based invoice verification.
In particular for imported materials, invoices may precede goods receipts. However, invoices are
not to be considered as long as the goods have not been received yet. Therefore, an invoice
price is only considered if at least one corresponding goods receipt was posted in the period
under consideration or before.
If there is at least one invoicing document or one goods receipt in the period under consideration,
then all invoicing documents and goods receipts for the same PO/GR that were posted up to the
end of the period under consideration are taken into consideration. In particular, if there is a GR
with a posting date in the period under consideration and no invoice, all invoices for the same
PO/GR from before the period under consideration are also selected as price sources.
In the case of invoicing documents in foreign currency, the amount in local currency that was
calculated when the document was posted is used.
Canceled invoicing documents are not selected, even if they were canceled after the period under
consideration.
Invoicing Documents in Purchasing (MM-PUR)
There are different types of invoicing documents in SAP ERP Purchasing (MM-PUR):
Invoice
Each item contains an invoiced material, its quantity, and the corresponding invoice
amount. If the invoice refers to a PO item, the material is taken from the PO item. The
invoice can contain two different types of items:
o

Goods items
These contain the costs of the goods themselves. They increase the invoiced
quantity.

Planned delivery costs


These contain additional costs related to the delivery of the goods like freight and
customs. Different types of delivery costs are distinguished by condition types.
Delivery costs may refer to a subset of the invoiced quantity from the goods
items. They do not refer to individual GR items, even if GR-based invoice
verification is used. An invoice may contain items with planned delivery costs
only (for example, invoice from freight forwarder).

Credit Memo
Each item contains an invoiced material, its quantity, and the corresponding credit
amount. The invoiced quantity is reduced. A credit memo does not necessarily refer to an

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individual invoice. The credited price for an individual material need not be the same as
one of the previously invoiced prices.
Subsequent debit
Each item contains an invoiced material, its quantity, and the corresponding debit
amount. The quantity of the invoiced materials is not increased. Only the overall invoice
amount for the given material is increased subsequently. Thus, the price of the invoiced
material increases. A subsequent debit does not necessarily refer to an individual invoice.
Subsequent credit
Like subsequent debit, but the overall invoice amount for the given material is decreased
and likewise the invoiced material price.
Cancellation document
All of the above mentioned documents can be cancelled.
The general term invoicing document refers to invoices, credit memos, subsequent debits and
subsequent credits. The term follow-on document refers to credit memos, subsequent debits and
subsequent credits only. Follow-on documents are not linked to invoices, but only to PO items or
GR items. Follow-on documents can only be entered after a vendor invoice has been entered.
However, posting date and/or document date of a follow-on document can precede the
corresponding dates of the vendor invoice.
Credit memos, subsequent debits, and subsequent credits may optionally have an invoice
reference that is entered in the payment tab.

The purpose of an invoice reference is to take over the payment terms from the invoice
reference and pay both invoicing documents together.
You can use any open invoice from the vendor as reference invoice. A credit
memo/subsequent credit would just be deducted from that invoice amount, even though
invoice and credit memo are not related to each other despite the fact that they are from
the same vendor.
You cannot enter an invoice as reference that has already been paid for.
Thus, price determination is not always straightforward. Sometimes you need to calculate an
invoice price by taking both the invoices and all related documents into account. However, the
system does not indicate which invoicing documents belong together.
Aggregate Prices
Market price determination calculates aggregate invoice prices per PO or GR whenever there
exists a follow-on invoicing document in or before the period under consideration. The invoice
amounts from all invoicing documents related to the PO or GR are aggregated. This is why
invoicing documents without reference to a PO or GR are not supported.
The invoice amounts from all invoicing documents related to the PO or GR are even aggregated if
there are multiple vendor invoices for a PO or GR and there is at least one follow-on invoicing
document. The reason is that follow-on invoicing documents do not refer to individual vendor
invoices, but only to the PO or GR.

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The aggregate invoice price is calculated per PO or GR by dividing the sum of all invoicing
document amounts by the invoiced quantity. All invoicing documents are selected that have been
posted up to the end date of the period under consideration. That is, they may even have been
posted before the period under consideration.
Subsequent debits and credits have an impact on the invoice amount, but not on the invoiced
quantity. However, they have a reference quantity. If the reference quantity is higher than the
invoiced quantity, only the proportional amount is considered.
Invoiced Planned Delivery Costs
Invoiced planned delivery costs are included in the invoice price when configured accordingly in
the inflation method this is mandatory according to Chilean tax regulations. Invoices for planned
delivery costs do not refer to individual invoices or GRs. A price is calculated (amount divided by
quantity) per condition type and then aggregated to a delivery price. This price is added to the
goods prices calculated from invoices before.

The quantity for which delivery costs exist might be higher or lower than the invoiced
quantity. This does not have any impact on the calculated delivery price.
It is still necessary to distinguish two cases:
1. Delivery costs that are part of an invoice with goods items: The calculated delivery price
is only added to goods prices of the very same invoice. All amounts and quantities for the
same condition type are added up before the price is calculated, even if they are from
different delivery cost items of the invoice.
2. Delivery costs that are not part of an invoice with goods items: As these invoices only
refer to a PO, the calculated delivery price is added to all goods prices from invoices that
refer to this PO. All amounts and quantities for the same condition type are added up
before the price is calculated, even if they are from different delivery cost items and
different invoices without goods items.

Prices from Goods Receipts


In the case of GRs in foreign currency, the amount in local currency that was calculated when the
document was posted is used.
Canceled GRs are not selected, even if they were canceled after the period under consideration.
A GR price is only considered if there is no corresponding invoice.
For GR-based invoice verification the algorithm is simple, as there can only be one GR
per invoicing document. It suffices to compare invoiced quantity and received quantity per
GR.
For non-GR based invoice verification, as GRs and invoices are not linked, a heuristic is
applied. Whether a received quantity has been invoiced or not, is calculated based on the
following assumptions:
o

Assumption 1: Oldest GR are invoiced first. The order is determined by the


posting date.

Assumption 2: In the case of GR reversal, the immediately preceding GR is


reversed (or the immediately following GR if there is no preceding GR). The

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posting date determines the order. Prices from reversed GRs and reversal GRs
are ignored. See Market Price Determination: Example 2 on page 20.

Date for Latest Price


The relevant date for latest price determination for imported goods is determined as follows:
1. For a price from a vendor invoice, the relevant date is the document date of the vendor
invoice.
2. For an aggregate price from multiple invoicing documents, the relevant date is the latest
document date of the involved vendor invoices. Document dates from follow-on
documents and invoices for delivery costs are not considered even if the document
date of the vendor invoice is in the previous fiscal year. For example, the current
valuation period is 12/2013, the only invoicing document in 2013 is a subsequent debit
referring to a vendor invoice from 30/6/2012. The inflation index would be applied from
31/5/2012 to 30/11/2013. If it is an imported material, a similar approach is used for
foreign currency conversion.
3. For a GR, the relevant date is the document date of the GR.
4. For a price from a contract, the relevant date is the minimum of the valid-to date and the
last day of the valuation period.
5. For a price from an info record, the relevant date is the minimum of the valid-to date and
the last day of the valuation period.

Purchase Semester Determination


The relevant date for purchase semester determination (for subsequent application of inflation
index or currency exchange rate) is the latest date of one of the following dates:
1. If invoices are selected as price source: The document date of a vendor invoice whose
price was considered during market price determination (either as individual price or as
part of an aggregate price).
2. If GRs are selected as price source: The document date of a GR that was posted during
the period under consideration and which is neither reversed nor a reversal.
3. If contracts are selected as price source: The minimum of the last day of the valuation
period and the valid-to date of a contract that is valid in the period under consideration.
4. If info records are selected as price source: The minimum of the last day of the valuation
period and the valid-to date of an info record that is valid in the period under
consideration.

More Information
Market Price Determination: Example 1 on page 17
Market Price Determination: Example 2 on page 20

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Market Price Determination: Example 1


All GRs and invoicing documents refer to the same PO. For reasons of simplicity, it is assumed
that posting and document date are the same.
Document

Document Type

Posting/Doc. Date

Quantity

Amount

Purchase order

PO

15/10/2013

20 PC

20 PC

Goods receipt 1

GR

20/10/2013

10 PC

1.010.000 CLP

Invoice 1

Invoicing

25/10/2013

5 PC

800.000 CLP

Invoice 2

Invoicing

30/10/2013

5 PC

550.000 CLP

Credit Memo 1

Invoicing

5/11/2013

-5 PC

830.000 CLP

Subsequent Debit 1

Invoicing

5/11/2013

10 PC

10.000 CLP

Invoice 3

Invoicing

15/12/2013

10 PC

1.200.000 CLP

Goods receipt 2

GR

15/1/2014

10 PC

1.010.000 CLP

Subsequent Debit 2

Invoicing

1/2/2014

10 PC

20.000 CLP

Invoice 4

Invoicing

1/2/2014

5 PC

650.000 CLP

Example 1.1: Price determination for 1/1/2013-31/10/2013


Invoiced quantity: 10 PC; received quantity: 10 PC
Follow-on document: no => no aggregated invoice price, each invoice considered
separately
Price sources:
o

Invoice 1, price 160.000 CLP invoice considered since there is a GR

Invoice 2, price 110.000 CLP invoice considered since there is a GR

(GR price not considered since fully invoiced)

Latest purchasing date: 30/10/2013

Example 1.2: Price determination for 1/1/2013-30/11/2013


Invoiced quantity: 5 PC; received quantity: 10 PC
Follow-on document: yes => calculate one aggregate invoice price for the complete PO
Invoice amount: 800.000 CLP + 550.000 CLP 830.000 CLP + (10.000/10)*5 CLP =
525.000 CLP (proportional amount of subsequent debit 1 used since invoiced quantity <
reference quantity)

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Price sources:
o

Aggregate invoice price 105.000 CLP aggregate invoice price considered since
there is a GR

GR 1, price 101.000 CLP considered since not fully invoiced

Latest purchasing date: 30/10/2013

Example 1.3: Price determination for 1/1/2013-31/12/2013


Invoiced quantity: 15 PC; received quantity: 10 PC
Follow-on document: yes => calculate one aggregate invoice price for the complete PO
Invoice amount: 800.000 CLP + 550.000 CLP 830.000 CLP + 10.000 CLP + 1.200.000
CLP = 1.730.000 CLP (amount of subsequent debit 1 now fully considered since invoiced
quantity >= reference quantity)
Price sources:
o

Aggregate invoice price 115.333 CLP aggregate invoice price considered since
there is a GR

(GR 1 not considered since fully invoiced)

Latest purchasing date: 15/12/2013

Example 1.4: Price determination for 1/1/2014-31/01/2014


Invoiced quantity: 15 PC; received quantity: 20 PC
Follow-on document: yes (in 2013) => calculate one aggregate invoice price for the
complete PO
Invoice amount: 800.000 CLP + 550.000 CLP 830.000 CLP + 10.000 CLP + 1.200.000
CLP = 1.730.000 CLP (same as before)
Price sources:
o

Aggregate invoice price 115.333 CLP

GR 2, price 101.000 CLP GR 2 considered since not fully invoiced

(GR 1 not considered since fully invoiced)

Latest purchasing date: 15/1/2014

Example 1.5: Price determination for 1/1/2014-28/2/2014


Invoiced quantity: 20 PC; received quantity: 20 PC
Follow-on document: yes => calculate one aggregate invoice price for the complete PO
Invoice amount: 800.000 CLP + 550.000 CLP 830.000 CLP + 10.000 CLP + 1.200.000
CLP + 20.000 CLP + 650.000 CLP = 2.400.000 CLP

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Price sources:
o

Aggregate invoice price 120.000 CLP

(GR prices not considered since fully invoiced)

Latest purchasing date: 1/2/2014

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Market Price Determination: Example 2


All GRs and invoicing documents refer to the same PO. For reasons of simplicity it is assumed
that posting and document date are the same.
Document

Document Type

Posting/Doc. Date

Quantity

Amount

Purchase Order

PO

10/12/2013

50 PC

5.050.000 CLP

Goods Receipt 1

GR

15/12/2013

5 PC

505.000 CLP

Invoice 1

Invoicing

20/12/2013

10 PC

1.100.000 CLP

Goods Receipt 2

GR

20/12/2013

30 PC

3.075.000 CLP

Goods Receipt 3

GR

21/12/2013

10 PC

1.010.000 CLP

Goods Receipt Reversal 1

GR

22/12/2013

-20 PC

-2.040.000 CLP

Example 2.1: Price determination for 1/1/2013-31/12/2013


Invoiced quantity: 10 PC; received quantity: 25 PC
Price sources
o

Invoice price 110.000 CLP

GR price 102.500 CLP (from GR 2, is considered since 5 PC still to be invoiced)

(GR 1 is not considered since invoiced)

(GR 3 is not considered since fully reversed)

(Goods Receipt Reversal 1 reverses GR 3 and a subset of GR 2)

Latest purchasing date: 20/12/2013

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Replacement Prices for Finished Goods


Procedure
You calculate replacement prices for finished goods using inventory cost estimates or single/multilevel actual costing. Results are stored in price fields in the material master or in valuation
alternatives. Finished goods are to be valuated for inflation accounting purposes only based on
the direct costs. These include raw materials and direct labor. The raw material portion in the
finished goods has to be valuated at the inflation price of the period to be reported. The labor has
to be valuated at a special rate that will differ from the rate used for standard cost estimate and
actual costing purposes.
You calculate replacement prices for finished goods using one of the following:
Inventory Cost Estimates (CO-PC-PCP)
To calculate the replacement prices for finished goods using inventory cost estimates,
proceed as follows:
1. For the relevant activity types manually enter prices that only contain direct costs
using Change Activity Type/Price Planning (transaction KP26). Use a version
from Controlling that can be used to write planning data (in Customizing under
Controlling General Controlling Multiple Valuation Approaches/Transfer
Prices Basic Settings Create Versions for Valuation Methods ).
2. Create a costing variant in Customizing under Controlling Product Cost
Planning Material Cost Estimate with Quantity Structure Define Costing
Variants ). Use a costing type that allows the update of a price field other than
the standard price. Use a valuation variant that reads prices from one of the
material price fields in the Accounting 2 view into which you updated the
replacement cost.
3. Create a costing run using Edit Costing Run (transaction CK40N).
4. For the finished goods, update the same price fields that you used for purchased
goods using Price Update: Mark Standard Price (transaction CK24). Choose
Other Prices in the menu bar.
For more information see, Inventory Cost Estimates [External] (CO-PC-PCP).
Single-/Multilevel Actual Costing (CO-PC-ACT)
You use actual costing if you want to calculate the replacement cost of a finished good
based on the actual quantity structure.
For more information, see Actual Costing/Material Ledger [External] (CO-PC-ACT).

Replacement Cost Valuation for Chile

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SAP Library

Parallel Inventory Valuation


Assuming that the leading inventory valuation is according to IFRS, material valuation prices
(standard price or moving average price) are left unchanged. You perform a parallel inventory
valuation in order to post the inventory value according to Chilean tax regulations to a different
general ledger account and/or to a different ledger if using New General Ledger.

Procedure
Perform a parallel inventory valuation using one of the following:
Balance sheet valuation
If you post the valuation adjustment using Balance Sheet Values by Account (transaction
MRN9), undo the valuation adjustment from the previous period using Balance Sheet
Valuation Delta Run (transaction MRN9DELTA).
For more information, see Balance Sheet Valuation (MM-IM-VP) [External].
Alternative valuation run
For more information, see Alternative Valuation Run [External].

Replacement Cost Valuation for Chile

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