Standard cost conversion (form)
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Click Inventory management > Setup > Costing > Standard cost conversions.
Use this form to convert the inventory model for a batch of selected items from an actual costing basis to standard cost. In summary, use the form to create a conversion record that also contains a user-defined identifier for a new costing version. You identify the items that require conversion and enter the item's pending standard costs in the newly created costing version. You perform a check of the selected items to identify issues that would prevent conversion, and then resolve the issues before you perform another check. After the items have successfully passed the checks, you change the status of the conversion record to ready, and perform the conversion process. The conversion process can optionally include an inventory close. After successfully finishing the conversion process, each item will have a standard cost inventory model and standard costs so that subsequent inventory transactions will be valued at the item's standard cost.
Example
A distribution company wanted to change the inventory valuation method from last in, first out (LIFO) to standard cost for several items. The company defined a standard cost conversion record and the identifier for a new costing version. They then identified the selected items that required conversion. Finally, they entered a pending standard cost for each item. The company checked the items by using the Standard cost conversion checks report, which indicated several issues in converting the selected items to standard cost. The issues were resolved, the items were checked again, and the report did not indicate any issues. The company changed the status of the conversion record to ready, and executed the conversion. The conversion process updated each item's inventory model and activated each item's standard cost.
Navigating the form
The following tables provide descriptions for the controls in this form.
Tabs
Tab |
Description |
---|---|
Overview |
Create a new conversion record, or edit or view existing conversion records. Creating a new conversion record will also create a new costing version, where the costing version reflects the user-specified identifier in the conversion record. |
General |
Edit or view the information for a selected conversion record. |
Items |
Set up, edit, or view the items that require conversion to a standard cost inventory model. |
General |
Edit or view the information for a selected item that requires conversion to a standard cost inventory model. |
Buttons
Button |
Description |
---|---|
Update status |
Open a menu with the following items:
|
Check |
Use the Standard cost conversion checks report to identify issues that would prevent converting the selected items to a standard cost inventory model. |
Costing versions |
Use the Costing versions form to view or change the costing version for the selected conversion record. The costing version is dedicated to the conversion record until the conversion has been completed, at which time it behaves like any other costing version for standard costs. |
Convert |
Convert the selected items to a standard cost inventory model, and optionally activate the pending costs for each item. The status of the conversion record must be Ready or In progress before you can run the conversion process. If applicable, the system asks if you want to perform an inventory close as part of the conversion process. |
Price |
Use the Price form to set up, edit, or view the pending cost of the selected item, or to calculate the pending cost of the selected manufactured item. |
Add items |
Add items to the list of items for the selected conversion record. |
Fields
Field |
Description |
---|---|
Description |
Enter the identifier of a new conversion record, or view an existing identifier. |
Transition date |
Enter or view the planned transition start date for the conversion record. |
Conversion date |
Enter or view the planned conversion date for the conversion record, or view the actual conversion date of the conversion record. |
Version |
Enter a new user-defined costing version identifier when you create a new conversion record, or view the costing version identifier for an existing conversion record. Creation of a new costing record also creates a new costing version with the user-defined identifier. |
Status |
View the status of the conversion record. The status can be:
|
Default model group |
Select or view a standard cost inventory model group that will act as the default value for each item that is associated with the conversion record. |
Item number |
Select or view an item that requires conversion to a standard cost inventory model. |
Item type |
Show whether the item is purchased (item type of item) or manufactured. The pending costs for a manufactured item can be calculated based on its bill of material (BOM), routing, and indirect cost information. |
Use cost price by variant |
Show the item's policy about maintaining costs when product dimensions include color, size, or configuration. You enter a single cost for the item when the check box is cleared, or separate costs for each combination of product dimensions when the check box is selected. |
Status |
View the status of the item that is associated with a conversion record. The status can be:
|
New model group |
Select or view the standard cost inventory model group that will be assigned to the item after converting the items to standard cost. The initial value reflects the default model group that is assigned to the conversion record. |
Previous model group |
View the item's previously assigned inventory model group, which is displayed after converting the item to a standard cost inventory model. The previous model group is displayed for historical purposes. |
Converted |
View the date and time that the item was converted to a standard cost inventory model. |
See also
About standard cost conversion
Set up and run a standard cost conversion
About prerequisites for a standard cost conversion
Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).