We are using Odoo 13 and planning to go to V15 in few months.

We are facing a conflict with the local agent supporting Odoo in our market. He is insisting on a specific functionality (entries) in "Anglo Saxon" inventory management and we believe the Odoo could not have adopted this his way as it is not in line with IFRS, IAS or GAAP. The way he is advocating recognizes the Sale/CoGS part of the entry upon issuance of the invoice and not upon delivery of the goods to the customer. ex:

At delivery:

Dr. GRN (at Cost)

Cr. Inventory (at cost)

At issuance of the invoice:

Dr. CoGS (at cost)

Cr. GRN (at cost)

Dr. AR (at selling Price)

Cr. Sales (at selling price)

The above treatment in not in line with IFRS, IAS & GAAP rules because it doesn't respect the two mail concepts of "transfer of TITLE" & "transfer of RISK".

The entries should be:

At Delivery:

Dr. CoGS (at cost)

Cr. Inventory (at cost)

Dr. GRN Receivable (at selling price)

Cr. Sales (at selling price)

- At invoicing:

Dr. Customer Receivable (at selling price)

Cr. GRN Receivable (at selling price)

Kindly provide your views. Is the wrong treatment really the Odoo standard or our local agent is misinformed