Set default financial dimensions for inventory standard cost revaluation vouchers

Enabled for	Public preview	General availability
Users by admins, makers, or analysts	Feb 1, 2021	Apr 1, 2021

Business value

This feature streamlines the standard cost revaluation process. A standard cost revaluation voucher is normally generated when activating a new standard cost. This capability simplifies the process and allows you to choose how the system will assign financial dimensions to inventory standard cost revaluation vouchers.

Feature details

This feature provides options that let you choose how the system will assign financial dimensions to inventory standard cost revaluation vouchers. Once the feature is enabled, you can manage its settings by going to Cost management > Inventory accounting policies setup > Parameters, where you'll find the new Origin of financial dimension setting. The new setting provides the following options:

• None: No financial dimensions are posted on the revaluation transactions. If your account structure includes a required financial dimension, the revaluation process will still run, but it will create accounting entries that have no financial dimensions. In this case, users will receive a warning message first, so they can cancel the revaluation if necessary.
• Table: The financial dimensions of the item are posted on the revaluation transactions. (This is the default setting and is consistent with the original system behavior.)
• Posting: The financial dimensions of the transaction being revalued are posted on the revaluation transactions. By default, the financial dimensions from the original transaction's inventory account will be used for both the inventory account and the revaluation account.

See also

Manage standard cost updates (docs)

Costing versions (learn)