COGS and revenue Rec

[Former Member]

Hi,

Am I right in thinking that for a Price Procedure if the Cost condition (VPRS default) does not have an Accrual key assigned to it (or for any transaction in T683S) then the COGS is recognised at the same time as revenue i.e. at goods movement and billing?

Thanks

CT

[former_member184555 · Accepted solution]

Hi

The COGS is recognised and the accounting document is created during the Goods Issue Posting. This is the result of the MM Account Assignment. The condition type VPRS in the pricing procedure is a statistical condition type useful for arriving at the net profit.

Thanks,

Ravi

[Former Member]

Hi Chris,

In addition to know the net profit , VPRS is used to transfer COGS to COPA. VPRS will take the value from COGS posted during Goods Issue.

Regards.

[Former Member]

Thankyou very much guys, points awarded.