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5Hi,
I have no experience on using NAV (our company is located in Portugal; the accounting regulation is slightly different from other EU countries).
I need more information how to interpret (=read) the variation accounts under inventory posting setup.
1st - on this setup usually are used PL account or Balance Sheet accounts? What´s the most common setup to use and the reason why?
2nd - with this costing method the inventories are valuated at standard cost and the deviations between standard cost and actual cost are posted under those variations accounts.
Those anyone have a scheme we can follow in order to put things more clearly in an analysis perspective (how to read the figures).
3rd - how to defend standard cost and possible deviation under statutory accounts (how to fill in COGS and variation of finished goods under annual reports sent to tax authorities).
4th - gains on inventory and losses on inventory accounts - how do they affect also the COGS and variation of finished goods calculation, under annual reports sent to tax authorities.
Some help, from whom have experience regarding this area is much appreciated.
Thanks in advance.
Best Regards,
Carla
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