diff --git a/erpnext/public/js/utils.js b/erpnext/public/js/utils.js
index 4081ca2be5..6c5f59a27d 100644
--- a/erpnext/public/js/utils.js
+++ b/erpnext/public/js/utils.js
@@ -179,6 +179,22 @@ erpnext.utils.map_current_doc = function(opts) {
 	}
 }
 
+frappe.form.link_formatters['Item'] = function(value, doc) {
+	if(doc.item_name && doc.item_name !== value) {
+		return value + ': ' + doc.item_name;
+	} else {
+		return value;
+	}
+}
+
+frappe.form.link_formatters['Employee'] = function(value, doc) {
+	if(doc.employee_name && doc.employee_name !== value) {
+		return value + ': ' + doc.employee_name;
+	} else {
+		return value;
+	}
+}
+
 // add description on posting time
 $(document).on('app_ready', function() {
 	if(!frappe.datetime.is_timezone_same()) {
diff --git a/erpnext/stock/doctype/item/item.py b/erpnext/stock/doctype/item/item.py
index cedfb24d7a..b546df4126 100644
--- a/erpnext/stock/doctype/item/item.py
+++ b/erpnext/stock/doctype/item/item.py
@@ -120,7 +120,10 @@ class Item(WebsiteGenerator):
 		'''set opening stock'''
 		if not self.is_stock_item or self.has_serial_no or self.has_batch_no:
 			return
-		
+
+		if not self.valuation_rate and self.standard_rate:
+			self.valuation_rate = self.standard_rate
+
 		if not self.valuation_rate:
 			frappe.throw(_("Valuation Rate is mandatory if Opening Stock entered"))