Physical Stock Count & Variance Reconciliation
Periodic wall-to-wall physical audit session: book quantity vs physical
count with financial variance adjustment.
Session: SC-2026-Q3-01 · As-of 10-Oct-2026
Palm Crest Material Yard B · Physical Reconciliation Grid
Auditors: Rajesh Kumar (Materials Controller) & KPMG External Observers
| Item Code | Item Name & Description | UOM | System Book Qty | Physical Counted Qty | Variance Qty | Unit Rate (AED) | Variance Value (AED) | Reconciliation Reason | Audit Status |
|---|---|---|---|---|---|---|---|---|---|
MAT-STEEL-001 |
Deformed Steel Rebar 16mm (Grade B500B) | MT | 185.00 | 185.00 | 0.00 | 3,120.00 | 0.00 | Exact weighbridge match | Reconciled |
MAT-STEEL-002 |
Deformed Steel Rebar 25mm (Grade B500B) | MT | 35.00 | 33.50 | -1.50 | 3,150.00 | -4,725.00 | Site cutting scrap & off-cuts unlogged | Adjustment Pending |
MAT-CONC-001 |
Ready-Mix Concrete C50/60 Microsilica | cu.m | 850.00 | 850.00 | 0.00 | 340.00 | 0.00 | Poured on arrival (Zero stockhold) | Reconciled |
MAT-FAC-001 |
Unitized Double Glazed Curtain Wall (L-01) | sqm | 950.00 | 950.00 | 0.00 | 1,550.00 | 0.00 | Crated panels in storage bay A | Reconciled |
MAT-MEP-001 |
Chilled Water Plant Pump 45kW | Sets | 4.00 | 4.00 | 0.00 | 59,500.00 | 0.00 | Serial verified: NBE-88190 to 88193 | Reconciled |
MAT-MEP-002 |
Main Low Voltage Switchboard Panel 2500A | Units | 2.00 | 2.00 | 0.00 | 242,500.00 | 0.00 | Locked in Substation 1 room | Reconciled |
MAT-TILE-001 |
Porcelain Floor Tiles 60x120cm Polished Calacatta | sqm | 320.00 | 280.00 | -40.00 | 185.00 | -7,400.00 | Forklift handling transit breakage in aisle 3 | Adjustment Pending |
MAT-CABLE-001 |
XLPE Armoured Copper Cable 4C x 240mm² | Meters | 1,450.00 | 1,444.00 | -6.00 | 352.50 | -2,115.00 | Drum end cut-off termination wastage | Adjustment Pending |
| Session Total Variance Value (AED): | -14,240.00 | Adjustment JV: Acc 50800 (Inventory Shrinkage) | |||||||