The warning nobody reads

Here is a sentence from the documentation, because it is the whole module. "Once the setup runs you can review and update it before users start using the application. And once there are transactions, these setups cannot be changed." That is a one-line note. It sits in the middle of a setup page, in the same typeface as everything around it, and most people read past it. What "cannot be changed" means in practice. The cost method, the valuation structure and the cost profile assignment determine how every transaction was valued. Changing them retrospectively would mean revaluing history, which is not a supported operation, and would be an accounting event even if it were. Both halves matter: the system will not do it, and if it would, your client's auditors would want to know. The recovery path if you get it wrong: a new cost organization or a new environment,…

In this module: Module 15 · Cost Accounting Structures

1. 1What we are building
2. 2The warning nobody readsFree preview
3. 3The costing object model
4. 4Choosing a cost method
5. 5Cost organization design
6. 6Running the costing design workshop
7. 7Cost organizations and cost books
8. 8Cost organization relationships
9. 9Cost elements and components
10. 10Cost component mappings
11. 11Valuation structures and units
12. 12Cost profiles
13. 13Expense pools and accounting
14. 14Quick setup for cost accounting
15. 15What breaks
16. 16Lab briefing: the Halden costing design
17. 17Lab solution walkthrough