<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/diffsp1/ti/onlinemanual/000030Diff61SP1" xml:lang="en">
   <Header>
      <Title>Lower cost or market value</Title>
      <Keyword type="header" order="d1e262875">
         <Level1>Differences Infor ERP LN 6.1 SP1</Level1>
         <Level2>lower cost or market value</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <SectionTitle>New in Infor ERP LN 6.1 SP1</SectionTitle>
      <Paragraph>The International Financial Reporting Standards (IFRS) require
		in some cases reporting of the inventory <Emphasis>market</Emphasis> value
		instead of an inventory value determined by the original purchase prices. The
		market value can provide you with a better insight into the real value of the
		inventory. Reporting inventory value based on market prices instead of (higher)
		purchase prices is also referred to as <Link href="/baanerp/wh/glossary/glossary#000436" role="glossary">lower cost or market value (LCMV)</Link>. You can apply LCMV in Infor ERP LN 6.1 SP1.</Paragraph>
      <Paragraph>In addition to <Emphasis>reporting</Emphasis> the inventory
		value based on market prices, you can also choose to <Emphasis>revaluate</Emphasis> the inventory value to the market value in Infor ERP LN 6.1 SP1.</Paragraph>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/ti/onlinemanual/000415" role="manual">Lower cost or market value</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>