US 2013/0173498 A1 · CALCULATION OF ACCURATE COSTS OF TRANSFERS BETWEEN COST GROUPS

Abstract

Various arrangements for calculating costs of transferable items in accordance with an iterative periodic average costing model are presented. Indications of a plurality of transfers of transferable items among cost groups of a plurality of cost groups may be received. A plurality of matrices may be created. Elements of each matrix may correspond to iterative periodic average costing equations evaluated for the infinite iteration using the plurality of transfers of transferable items among cost groups and the plurality of cost groups. The cost of each transferable item within each cost group of the plurality of cost groups may be calculated using the plurality of matrices having the elements of each matrix corresponding to the iterative periodic average costing equations evaluated for the infinite iteration.

Claims20

Dependent claims

A method for calculating costs of transferable items in accordance with an iterative periodic average costing model, the method comprising:

receiving, by a computer system, indications of a plurality of transfers of transferable items among cost groups of a plurality of cost groups;
creating, by the computer system, a plurality of matrices, wherein:
elements of each matrix correspond to iterative periodic average costing equations evaluated for an infinite iteration using the plurality of transfers of transferable items among cost groups of the plurality of cost groups;
and
calculating, by the computer system, a cost of each transferable item within each cost group of the plurality of cost groups using the plurality of matrices.

2 more elements

A computer program product residing on a non-transitory processor-readable medium for calculating costs of transferable items in accordance with an iterative periodic average costing model, the computer program product comprising computer-readable instructions configured to cause a computer to:

receive indications of a plurality of transfers of transferable items among cost groups of a plurality of cost groups;
create a plurality of matrices, wherein:
elements of each matrix correspond to iterative periodic average costing equations evaluated for an infinite iteration using the plurality of transfers of transferable items among cost groups of the plurality of cost groups;
and
calculate a cost of each transferable item within each cost group of the plurality of cost groups using the plurality of matrices having the elements of each matrix corresponding to the iterative periodic average costing equations evaluated for the infinite iteration.

2 more elements

A system for calculating costs of transferable items in accordance with an iterative periodic average costing model, the system comprising:

a computer system, comprising:
a processor;
and
a memory communicatively coupled with and readable by the processor and having stored therein processor-readable instructions which, when executed by the processor, cause the processor to:
receive indications of a plurality of transfers of transferable items among cost groups of a plurality of cost groups;
create a plurality of matrices, wherein:
elements of each matrix correspond to iterative periodic average costing equations evaluated for an infinite iteration using the plurality of transfers of transferable items among cost groups of the plurality of cost groups;
and
calculate a cost of each transferable item within each cost group of the plurality of cost groups using the plurality of matrices having the elements of each matrix corresponding to the iterative periodic average costing equations evaluated for the infinite iteration.

6 more elements

Dependencies are inferred from the claim text.

Calculation of accurate costs of transfers between cost groups

Life of this patent

Calculation of accurate costs of transfers between cost groups

Life of this patent

Abstract

Claims20