Changesin inventories due to the use of materials and.The difference between the two methods lies solely in the differenttreatment of changes in inventories.Īdditionalentries on separate profit and loss accounts COSMOCONSULT offers with the app COSMOPeriod Costing thepossibility to carry out the profit and loss statement according to the total-cost-accountingmethod.Īccordingto the German Commercial Code (HGB) and the International Financial ReportingStandards (IFRS), the profit and loss statement can be prepared using the period-costingmethod as well as the cost-of sales method.īothmethods lead to identical results, since income and expenses differ by the sameamount. MicrosoftDynamics 365 Business Central uses the cost-of-sales method as standard.
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