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Post secondary financial

Select this check box to perform accounting for the cost price of an item in a secondary currency.

Inventory model (cur.)

Select an inventory model for the cost price recalculation of the item in a secondary currency.

• FIFO– The first acquired receipts are issued first.

• LIFO– The last receipts are issued first.

• LIFO date– Issues from inventory are settled against the last receipts into inventory based on the date of the inventory transaction.

• Weighted avg.– Issues from inventory are valued at the average value of the items that are received into inventory in the inventory closing period, plus any on-hand inventory from the previous period.

• Weighted avg. date– Issues from inventory are valued at the average value of the items that are received into inventory for each separate day in the inventory closing period.

• Standard cost– Inventory receipts and issues are valued using the active standard cost of an item.