The retrieval and reporting of stock balances is not an IFRS function per say. If, however, your company is required to report stock balances according to IFRS, then there are two alternatives from which to choose.
- If the requirements are to report on a daily basis, account the stock balances in the G/L via transferring the transactions from Distribution to Financials. This requires that the accounting setup in the DIS to FIN interface is done to reflect the stock account balances on a daily basis in the G/L balances. Thus, the DIS transaction types for stock accounts must be set up properly.
- If the stock balances on an IFRS detailed level are not required on a daily basis in G/L, then print the Periodical stock valuation report to retrieve the stock balances. This list provides more variables and combinations than the transaction type accounting setup. You then have to manually enter the balances into the G/L via the Enter financial transactions program.
Note: In both alternatives, the stock value reflected always corresponds to the cost type setup on item or DIS control file level. (Cost type = the cost value of items updated in G/L and statistics like, e.g., stock balances.)
To print a list of the accounted stock balances, use the Report Writer.