[Transfer | accounting study] How to Deal with material loss during procurement

[Problem]

Is the reasonable loss incurred by an enterprise during the purchase of inventory included in the inventory cost? How should we deal with material loss and shortage in addition to reasonable loss during procurement?

[Answer]

1. Inventory Procurement processReasonable lossWhether it is included in the inventory cost depends on the nature of the enterprise. If a general industrial enterprise purchases inventory, the reasonable loss part of the transportation should be included in the actual inventory procurement cost, according to the specific accounting methods of Enterprise Inventory, the details are divided:

1) when enterprises adoptActual cost method"Raw materials" are included in the accounting;

2) When enterprises adoptPlanned Cost MethodDuring accounting, the reasonable loss part is included in the "material procurement" subject. Under the planned cost method, the "raw materials" Subject calculates the unit cost of the plan multiplied by the actual number of warehouse receiving, therefore, the "raw materials" subject does not include the reasonable loss part. The reasonable loss part is eventually included in the "material cost difference.

According to the new standards, reasonable losses during the purchase of goods by commodity circulation enterprises should also be included in the inventory cost, and will not be included in the current profit or loss.

2. Division in the procurement processReasonable loss outsideMaterial damage, shortage, etc., should be different from different situations for accounting treatment:

1) material shortage or other claims that can be recovered from the Supply Unit or external transportation agencies should be deducted from the procurement cost of materials;

2) Losses due to unforeseen disasters and losses on the way due to unknown causes shall not increase the procurement cost of materials, and shall be calculated as "loss of property to be handled" for the time being, if the cause is to be identified, it will be handled separately, or carried forward to the "Other Receivables" subject, or to the "non-business expenses" subject, or to the "management expenses" subject.

PS: How can the above solutions be processed or reflected in sap? And do you want to consider the issue of export of input tax?