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Year-End LIFO Valuation Report - Purpose
Year-End LIFO Valuation Report - Purpose
IA560E
The Year-End LIFO Valuation Report program (IA560E) is run during period-end processing. It is called by the Inventory Accounting Period-End Close Job stream (IAPEREND) when a request is made for the Year-End LIFO Valuation report (IA560A). This program can be called only during post runs; it cannot be run as a trial run.
The program runs off the Warehouse Description file (IC170M) and processes year-end LIFO for all company/locations whose current fiscal period is their fiscal year close. During the year-end LIFO processing, the Year-End LIFO Valuation report (IA560A) is produced. The report is used to determine year-end LIFO adjustments, based on user-input base prices and replacement costs. The adjusted values can be used as a guide for posting manual adjustments to start-of-year inventory values. The Year-End LIFO Valuation Exception report (IA560B) prints an error message for any exceptions that occur during processing.
