I believe Anglo-saxon module is imperative to realtime inventory costing around the world. The problem though is the anglo-saxon module has bugs for standard and for average costing, and does not do the correct journals in several senarios. I have not heard of Prescriptive or Descriptive accounting, but use the nearly globally accepted IFRS and the older GAAP standards. Read this link: http://feedback.openerp.com/forums/77459-general-improvements/suggestions/1944011-make-openerp-inventory-valuation-ifrs-compliant Not only does the anglo-saxon module not work in multi-company but neither does it do the correct journals in a single environment. I agree that the field labels are confusing and also mixed up. The anglo-saxon module needs some serious work. Hope this helps. Let me know if you are able to solve the issues with anglo-saxon. kind regards, Michael openrevolution.co.za
On Wed, Oct 26, 2011 at 12:01 PM, Vadim Chobanu <[email protected]>wrote: > Yes, I agree that module is redundant now with v6. And even if it was > still needed the naming (Anglo-Saxon Accounting) is misleading – most > modern books on accounting would refer this as Prescriptive (France etc) > or Descriptive accounting (UK etc).**** > > ** ** > > Prescriptive accounting stock rules: Some countries ( Madagascar for one i > have seen this summer) have in their fiscal legislation that stock > purchases should show as a purchase that is to hit the PNL and then do the > stock variation at the month end or realtime if the system allows) Probably > this is the same for France as this is where most of Madagascar laws are > derived from.**** > > Descriptive accounting: No-one is prescribing your COA or through what > account you record you moves as long as your statements represent a true > and fair view. So conventionally in the UK we do record the stock purchase > directly on the balance sheet in the stock account and then when you sell > goods, you will do the CR stock, DR COS**** > > ** ** > > For this matter, in OpenERP, a correctly configured product can post the > correct journal entries using both principles – prescriptive or descriptive > and you don’t need the anglo-saxon module for that – it is just introducing > confusion.**** > > ** ** > > ** ** > > Regards,**** > > ** ** > > Vadim Chobanu > M: +44 7939230959**** > > ** ** > > ** ** > > [image: logo_email]**** > > ------------------------------------------------------------------------- > Information in this email is confidential and may be privileged. > It is intended for the addressee only. If you have received it in error, > please notify the sender immediately and delete it from your system. > You should not otherwise copy it, retransmit it or use or disclose its > contents to anyone. > Thank you for your co-operation. > -------------------------------------------------------------------------* > *** > > ** ** > > ** ** > > ** ** > > *From:* openerp-expert-accounting-bounces+vadim= > [email protected] [mailto: > openerp-expert-accounting-bounces+vadim= > [email protected]] *On Behalf Of *Frédéric Clementi > *Sent:* 26 October 2011 10:34 > *To:* [email protected] > *Subject:* [Openerp-expert-accounting] anglo-saxon stock accounting in v6* > *** > > ** ** > > Hello,**** > > ** ** > > We are testing the anglo-saxon stock accounting entries in v6 with the > dedicated module.**** > > ** ** > > First feeling, it is impossible to get correct entries.See below :**** > > ** ** > > ** ** > > ** ** > > *Flow :***** > > Puchases of 1 CPU1 at 120**** > > Sales of 1 CPU1 at 190**** > > CPU1 std cost 100**** > > *Event***** > > *account_id***** > > *journal_id***** > > *debit***** > > *credit***** > > Sales invoice**** > > DEBTORS**** > > Sales Journal**** > > 190**** > > EXPENSES**** > > Sales Journal**** > > 100**** > > ???**** > > COGS**** > > Sales Journal**** > > 100**** > > ???**** > > SALES**** > > Sales Journal**** > > 190**** > > stock out**** > > INVENTORY**** > > Stock Journal**** > > 100**** > > COGS**** > > Stock Journal**** > > 100**** > > Purchases invoice**** > > CREDITORS**** > > Expenses Journal**** > > 130**** > > PRICE VARIANCE (Purchase Price – Std Price)**** > > Expenses Journal**** > > 30**** > > GRNI**** > > Expenses Journal**** > > 100**** > > stock in**** > > GRNI**** > > Stock Journal**** > > 120**** > > Valued at PO price ! Instead of Std price**** > > INVENTORY**** > > Stock Journal**** > > 120**** > > Does anyone knows about this issue ?**** > > - Stock in entry is valuated at PO price....which is wrong **** > > ** ** > > ** ** > > - I do not understand what the module anglo saxon accounting modify the sales > invoices entry**** > > - There is a name mix-up in the account properties : stock variation is in > fact the inventory and stock is teh stock valuation...**** > > Many thanks for you help**** > > ** ** > > Frédéric CLEMENTI > Business Solutions > Camptocamp SA > Tel : + 41 (0)21 619 1041 > > **** > > ** ** > > http://www.camptocamp.com > > **** > > > <[email protected]>**** > > ** ** > > _______________________________________________ > Mailing list: https://launchpad.net/~openerp-expert-accounting > Post to : [email protected] > Unsubscribe : https://launchpad.net/~openerp-expert-accounting > More help : https://help.launchpad.net/ListHelp > >
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