Cost Adjustment Elements/Details Form
The OPM Cost Adjustment Elements form will allow the user to enter information relating to the Cost Item earlier specified in the above section.
All fields in this form require a value (excl GL Date).
To navigate to the prior form click the <<Header button on the bottom of the form.
In both user forms if values from the spreadsheet do not collate with the validation the forms will specify errors in the form needing to be remedied.
Fields
Adjustment Type
Let’s you choose the type of cost adjustment in Adjustment Type.
The options are:
• Average Cost Adjustment
• Value Cost Adjustment
• Unit Cost Adjustment
Component Class Code
This is the code being adjusted. For example, if you are adjusting the actual cost of raw materials, then enter the component classification code for raw materials. You may also specify a component class that was specifically defined for actual cost adjustments.
Analysis Code
This is used to further define the specific adjustment.
Adjustment Quantity
Quantity for the item for which you are adjusting actual costs.
Subledger
To choose whether a Subledger entry is created for the adjustment.
Based on the Reason Code selected, the Subledger Entry defaults what was selected for the adjustment reason code. For example, if the specified adjustment reason code was selected as a reason code with the Subledger Entry option enabled on the Actual Cost Adjustment Codes window, then this field is automatically enabled.
Reason Code
Defines the nature of the actual cost adjustment you are making.
GL Date
Indicates the GL transaction date used by the Accounting process for creating accounting entries for adjustments. If the Subledger Entry option is selected, then the GL Transaction Date is enabled and defaults to the start date of the selected calendar and period. If the Subledger Entry option is not selected, then the GL Transaction Date is disabled and the date is set to Null.
UOM
The unit of measure in which the specified item's actual costs are being adjusted in the UOM. This can be any unit of measure that can be converted to the item's unit of measure.
Display Only Cost Element Fields
Because OPM Adjustments can be visually the same on the spreadsheet, there is a section which shows the current cost adjustments against your downloaded item cost. This is how the Wizard identifies which adjustment has been modified when performing an upload. This section is required on upload only due to being used to identify each cost adjustment against an item.
Click here to watch how to use ‘OPM Actual Cost Adjustments’.
Refer to section:
