Hi SAP Gurus,
With the compulsion of preparing balance sheet and recording transaction as per IFRS in India. Their is a big change in VALUATION and Accounting OF MATERIAL and Inventory initially we uses Cost of sales accounting and now as per change the PURCHASE expense is excludes from it and inventory are recorded with offsetting entry.
Please can anyone let me know how is the change brought into the system is their any Notes which are implemented ?
What are the config changes required ?