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J_1ARCVN_CL - Replacement Cost Determination (Chile)

J_1ARCVN_CL - Replacement Cost Determination (Chile)

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Purpose

This program determines the replacement cost (costo de reposición) 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. It is integrated with the general capabilities for parallel accounting based on Material Ledger (CO-PC-ACT), Balance Sheet Valuation (MM-IM-VP), and New General Ledger Accounting(FI-GL).

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).

Integration

Before executing the replacement cost determination for purchased materials for the first time, perform the following Customizing activities in the Implementation Guide (IMG) under Materials Management → Valuation and Account Assignment → Balance Sheet Valuation Procedures → Set Up Replacement Cost Valuation (Inflation). Activities in under this node that are not listed below are not relevant.

  • Maintain Inflation Indexes

    Maintain the current values of the consumer price index (Índice de Precios al Consumidor). This is a recurring activity. For the examples below it is assumed that the index is named CL01 in the system.

    The indexes published in Chile are accumulated values. Enter the values without decimal places (field “Rounding” set to “No Rounding”). Select the “Definitive” checkbox for each entered index value. (There are no provisional index values published in Chile.)
  • CL (sample variant for domestic materials, specifies the inflation index date to be applied per last day of the period):

Year Month Day Post Month Day Prev. Year
9999 1 31 [ ] 12 31 [x]
9999 2 28 [ ] 1 31 [ ]
9999 3 31 [ ] 2 28 [ ]
9999 4 30 [ ] 3 31 [ ]
9999 5 31 [ ] 4 30 [ ]
9999 6 30 [ ] 5 31 [ ]
9999 7 31 [ ] 6 30 [ ]
9999 8 31 [ ] 7 31 [ ]
9999 9 30 [ ] 8 31 [ ]
9999 10 31 [ ] 9 30 [ ]
9999 11 30 [ ] 10 31 [ ]
9999 12 31 [ ] 11 30 [ ]

  • CI (sample variant for imported materials, specifies the currency conversion date to be applied per last day of the period):

Year Month Day Post Month Day Prev. Year
9999 1 31 [ ] 1 31 [ ]
9999 2 28 [ ] 2 28 [ ]
9999 3 31 [ ] 3 31 [ ]
9999 4 30 [ ] 4 30 [ ]
9999 5 31 [ ] 5 31 [ ]
9999 6 30 [ ] 6 30 [ ]
9999 7 31 [ ] 7 31 [ ]
9999 8 31 [ ] 8 31 [ ]
9999 9 30 [ ] 9 30 [ ]
9999 10 31 [ ] 10 31 [ ]
9999 11 30 [ ] 11 30 [ ]
9999 12 31 [ ] 12 31 [ ]

  • Maintain Inflation Methods

    In the section Inflation Accounting for Materials Management (MM) for the inflation method for country key CL, make the following settings:
  • Select the checkbox MM active.

  • Do not select the checkbox Post repl. Cost.

  • Select the checkbox Man. RC change if you want to maintain market prices or replacement prices in the inflation view of the material master. This is useful if you need to manually overwrite the automatically determined replacement price for some material due to a wrong price in a purchasing document or due to a wrong price from legacy data transfer.

  • Do not select the checkbox Don’t Post to MM. (This checkbox does not take effect.)

  • Set Valuation level to 2 (that is, valuation at company code level).

  • Set Exch. rate type to M.

  • Set Del. costs MP to 3 (that is, always include delivery costs).

The remaining fields are not relevant and do not take effect.
  • Maintain Material Inflation Classes

    Create two material inflation classes: one for domestic materials and another one for imported materials.

    Assign the inflation class for domestic materials to all domestically purchased materials in the inflation view of the material master or during legacy data transfer.

    Assign the inflation class for imported materials to all imported materials in the inflation view of the material master or during legacy data transfer.
  • Inflation class for domestic materials:

    Reval. method: highest price
    Inflation index: CL01 (example)
    TBE variant: CL (example)
    Price tolerance: 999

  • Inflation class for imported materials:

    Reval. method: latest price
    Inflation index: CL01 (example)
    TBE variant: CI (example)
    Price tolerance: 999

Prerequisites

Features

Selection

On the report selection screen, enter data as required:

  • Basic Data - These options determine the company and period for running the report. You must run this program at the end of the fiscal year, but can optionally run it for any period during the fiscal year.
  • Restriction of Selection - These options determine how records are selected for valuation.
    Note: As only purchased materials are valuated, it is recommended that you restrict selection to these materials to improve runtime performance.
  • Price Sources - These options determine the prices to be used when determining current market prices.
  • Control Data - These options determine whether the report updates the replacement price and optionally other prices.
  • Display Options - These options determine how results are displayed.

Standard Variants

Output

The output displays the results according to the selected display options.

The Show Price Sources checkbox affects the format of the results as follows:

  • If Show Price Sources is selected, a hierarchical table is displayed.
  • If Show Price Sources is not selected, a simple list if displayed. This can be exported to Excel.

Logs

The report generates the following logs:

  • Message Logs - Contains application log messages created by the system. Click Message Logs to select the log to display.
  • Update Logs - Contains one line item for each material for which the replacement cost has been updated. Click Update Logs to select the log to display.

Activities

Example






CPI1466 during Backup   CL_GUI_FRONTEND_SERVICES - Frontend Services  
This documentation is copyright by SAP AG.

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