Q and A Accounting for Cost of Non Quality webcast文档格式.docx

Q and A Accounting for Cost of Non Quality webcast文档格式.docx

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JennyAsked:

theprovisionamountshouldbealignedwiththeamountinstatisticalreporting?

No,onlytheactualcostsaretobespecifiedwiththestatisticalreporting,theprovisioncreation/additionnortheusageistobespecified.Theprovisionamountinyourbookshoweverisbasedonthecostspecifiedonthedifferentcodesinyourstatisticalreporting

PerihanBalAsked:

Wearehavingbrokenproductsasreturn,shouldweaddtheminCONQ?

YES

Afewoptionsonhowtoinclude:

1.Ifyouhavereturnedgoodsyouissueacreditnotetothecustomer.ThereversalofyourCoSisyourCONQ.Expectationisthatthosebrokenproductswillnotbesoldanymoreandthoseproductsaretobeprovidedforreanobsolescenceprovision.

2.Anotheroptionisthatyourepairthosebrokenproductsforthecustomer.Thecostsoftheserepairs（internalorviaexternalinvoices）isCONQ

PHILIPSSURABAYAAsked:

HowaboutInternalCONQduetoBOMWaste?

AllscrapistobereportedaspartoftheinternalCONQ,includingnormativescrapandanyscrapabovenorms.

ChinaAsked:

howtobookinternalCoNQincurredincommercialorganizationbeforesalesrecognition?

InternalCONQisonlyconsideredCONQfromproductionprocess（asexplainedinthedirective001/13AccountingdirectiveCONQ）.ThiskindofCONQweexpectnottoappearatcommercialorganizationlevel.Incaseyoufinddefectsinyourcommercialwarehousebeforedeliverytoyourcustomer,youshouldreportunderthestatisticalasinternalCONQ,andtherelatedcostonthespecificPOCAforCONQ.

HuKuiranAsked:

willwegettheslides,Imissedthefirstpartofpresentationduetolinkageproblem.

Thedirective（001/13AccountingdirectiveCONQ）andthewebcastispublishedonthePolicies&

DirectivesharepointofLighting.

davidzuoAsked:

WhenCoEprocessacontrolcalculation,isthereanyexplanationonthewarrantyprovision?

Isthereanywarrantycontrolcalculationtemplatecansharewithus?

Intheannexestothepolicyyoucanfindanexampleofhowthecontrolcalculationisperformed,thiswillalsobesharedbytheCOE.

ChiragAsked:

Sofromfactory（wedon’tmakesaledirectlyto3rdparty）prospective,thereisnochangeassuch...

Yes,nochangesforfactories.

AsfactoryyouarestillrequiredtocontinuetoreportuponInternalCONQ.Thewarrantyprovisionespeciallyisaccountedforinthecommercialorganizations.

OleVillarsen,NORDICAsked:

shouldinternalcostbecalculatedincl.Overheadcoverageoronlydirectcostfordirectlabor&

material?

ThevalueoftheCONQinthemarketequalstheIIP.InternalCONQwhichoccurredintheindustrialsites,relatestoonlytheindustrialCONQ.

CarlDeMeulderAsked:

CanprovisionsbebookedatalowerlevelthanMRUlevel（e.g.MAG）iftherearemajorvarianceswithintheMRU?

thecalculationoftheprovisionisbasedonMRUlevel（asexplainedinthedirectiveisbasedonaveragecostsoflast12monthsasspecifiedinthestatisticalreporting）,andnotpossibleatlowerlevel.ThismeansrecordingonlyatMRUlevel.

Thedirective（001/13AccountingdirectiveCONQ）andthewebcastispublishedonthePolicies&

MarekBaczyński（Pila）Asked:

PreviousinstructionforCoNQinsectionInternalCost=>

WastementionedthatadditionalrevenuegeneratedfromsaleofscrapcanbetreatedasnegativecostsothatdecreasereportedCoNQinstatisticalreporting.Newinstructiondoesn'

tmentionit.DoesitmeanthatitisnolongerallowedtodecreaseCoNQbysalesofscrap?

NO,youcandecreaseCONQforsalesofscrap.TheinstructiongivesindicationwhereinternalCONQisrelatedto.Ifyoureceivebrokenproducts,forwhichyougivecreditnotestoyourcustomers,thereversalofCOSisconsideredtheCONQtobereported/specifiedinthestatisticals.Ifyouhavetoprovideforthoseproductsandconsequentlyscrapandmakelittlegain,thenyes,shouldbetreatedasnegativecostsreCONQ.

EEAsked:

WilltheCoNQreportedinEFRbereportedonetooneinVIPP?

Yes.TheexternalCONQisbookedaspartoftheCostofSalesofthecommercialorganizationsandistakenfromEFRandallocatedviatheallocationengineintoVIPP–somatchingonetoonebetweenthetwosystems.

TheincidentsreinternalCONQinthefactoriesarenotincludedinthecostprices/uplifts（Eg 

normalwasteisincludedintheCPcalculationandincidentalwastewhichisCONQnot）,theyarepartoftheoverallEFR-VIPPgapallocationlogic

apAsked:

Weareamanufacturingunitandweresellingto3rdswearenowmovingtoNLOmodelandhencesalesto3rdsarenotreportedbyus.However,historicallywehadproductfailureandthestandardwarrantyprovidedis24months.Who/howshouldprovisionbecalculated?

AsfactoryyouarestillrequiredtocontinuetoreportuponInternalCONQ.Thewarrantyprovisionespeciallyisaccountedforinthecommercialorganizations.Andthereforeyouwillnotreceiveanycentralcommunicationretheprovisionyouhavetoprovidefor,astheywillonlybeaccountedforinthecommercialorganizations.

CrystalLiuAsked:

InJanuary,ifwehaveCONQcost,canweuseittodeducttheprovisionamountwewereaskedtobookattheendoftheyear2012.

Yes,theprovisioniscreatedtocoverfuturecosts.Sothereforeyes,thecostsinJanuaryareourfuturecosts.Andcanbedeductedfromtheprovision,atthesametimeyouneedtobuildupyourprovisioninJanbasedontheactualcostincurred.

wealsohavepprforbrokenproductsinordertoavoidreturn,shoulditbeconsideredasCONQ?

Yes,thisisspecificallymentionedduringthewebcast&

instruction…thesearethesocalledwarrantybuyouts–nobotheringdiscounts…IfyouhavethosediscountsreportedintheP&

L,plsspecifytheminthestatisticalreportingasexternalCONQunderthespecificcodeTheprovisionrequiredisnotbasedonthiscode.

AsheeshJoshiAsked:

Incaseofreversalofsalesthrucreditnoteinsales,AccountingentryusingCONQandCOGSaccountsistobedone,whichFSIandPOCAaccountsaretobeused.

reversingsales,issuingacreditnoteisconsideredanormaltransactioninyourGLsystem.YoualsoneedtoreverseCOS.Thespecificaccountisdependingyourspecificsituation.ReferenceismadetoAnnexCofthedirectiveissued.

pollytsangAsked:

incasewarrantyperiodperproduct/AGisdifferentpercountry/region,isthecalculationin%perMRU/ORUincludedinthemiximpact?

isCONQbookedincountryofincurringbutnotnecessarilyincountryofsales?

Yes,thewarrantyperioddefinitionasexplainedinthedirective:

ThestandardwarrantyperiodsaretobedeterminedperMRU/ORU.

oIncaseofdifferentwarrantyperiodswithinaMRU,aweightedaveragewarrantyperiodneedstobedetermined.Thisweightingistobedonebasedonhistoricalsales.

oForBGPLSandConsLumseparatewarrantyperiodsforLEDandnon-LEDshouldbemaintained.

Mayyouhaveanyquestionsaboutthewarrantyperiodorwarrantyperiod/factorforyourorganization,plscontactCOESMCEMEAfordetails.

Forwarrantyprovisionbuildup,shallweuseaSAPconditiontypetoautomaticallyaccrualinsystemnotviaamanualJV?

Yesifyoucanmanagethatlocally,andthiswouldsimplifyyouraccountingyoucandoso.

wgnAsked:

IfdamagesoccurredduringreceiptbySupplyChainatport,isthisCoNQ?

CONQarecostrelatedtoqualityissueswithourproducts.Ifacustomerreceivesgoodsthathavedamages,theywillreturnthembacktoPhilips.Wehavetocheckwhetherthesearerealqualityissuesorareissuesoccurredduringtransport/otherpartiesforwhichwecanchargethemthecosts.–TransportationdamageisnotpartofCONQ.

IsthedefinitionofInternalCoNQandExternalCoNQsameasprevious?

-Externalbeingafterdeliverytocustomer,InternalbeingstocksremainingwithPhilips

yes,thepointisbeforeorafterdeliveryofthecustomers.

Thedirective（001/13AccountingdirectiveCONQ）andthewebcastispublishedonthePolicies&

AlessandroGimariAsked:

Inthelast2yearswehadproblemsinopeningcorrectCoNQGLAccountbecauseourrequestwasblockedcentrally.Arenowthe659xxxxand788xxxx（asperinstruction）availableandcanbeopenedinlocalORUs?

Thanks

Yes,alltheaccountsmentionedinAnnexCofthedirectiveareavailableforyouruse.Weaimforminimizingthenumberofaccounts;

thereforetheusageofonlytheseaccountsisaimedfor.

HansBellemansAsked:

Yourefersomewhereto012/12PL:

Titleisnongoodsrelated..;

Question:

ThisisnowbeinginterpretedbymajorityofpeoplethatXchargingisstillallowedformaterial/productcostaslongastheamountishigheras10k:

Isthiscorrectinterpretation?

No,CONQXchargingisnotallowedanymore,asonlyforexceptionsyoumaycrosschargeforwhichofcourseyouneedtorequireapprovalasstatedforinthedirective…