What
is the difference between Create Accounting - Cost Management and
Create Accounting – Receiving?
A) Create Accounting - Receiving belongs to Purchase Module - Added to Cost Management Module - It
processes transactions from Receiving Subledger.
"Create Accounting - Receiving" only accounts for Expense destination PO Receipt.
Create Accounting - Cost Management request creates accrual journal entries, accrual reversals, and multi-period journal entries.
The transaction will then be passed to GL via the Create Accounting – Cost Management program.
The process categories for this include:
Inventory ,Manual, Receiving, Third Party Merge, Work in Process
"Create Accounting - Cost Management" accounts for all transactions costed by EBS Cost Management, which includes: - Expense destination PO Receipt ,All Inventory transactions including inventory destination POs , WIP transactions, Accrual Write Off transactions
Note:
Create Accounting -
Receiving is a wrapper to include an additional parameter application_id (for
PO in this case), because Costing is creating accounting for the whole SCM and
different applications.
When you run Create Accounting - Cost Management, you are supposed
to run it from a responsibility associated with application_id=707 (cost
management). In this case, it will process all accounting events from
Inventory, WIP, and Receiving (defined by their SLA event entity).
When you run Create Accounting - Receiving, it will only process the accounting events from Receiving
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what are the Prerequisites for running Create Accounting-Receiving in oracle Rel 12?
ReplyDeleteHi,
DeletePurchase orders are to be at Expense destination and accrued at period end.
Please see the below flow for a transaction:
Create a Purchase Order in Purchasing Responsibility: Expense Destination with accrue_on_receipt_flag ='N'
Approve and Receive the PO
Run the Uninvoiced Receipt Report with the following parameters:Accrued Receipts: NO Include on Line Accruals NO
Run the Receipt_ Accrual_ Period-End. Note there is no Output for Report . Also Note that before running the program Purchasing control Period must be OPEN, GL Period must be OPEN and AP Period must be CLOSED. This is to ensure that all invoices relating to the Period are matched or swept to the next Period
Immediately after re-run the URR with the following parameters: Accrued Receipts:Y Include on Line Accruals:NO
Review Accounting Entries in RCV_RECEIVING_SUB_LEDGER. These transactions will have ACCRUAL_METHOD_FLAG='P'
Run Create Accounting-Receiving
Review the subledger Accounting Entries in View Subledger Journal Entry Inquiry Screen
If the parameter to Transfer and post journals to GL is set to 'Y' review the journals in GL
Reconcile the URR output with GL Journal
Close Purchasing Period
Open next GL Period Journals are automatically reversed. (When receipt accrual period end program is submitted, Period End Accrual Entries are created in RRSL
Now when create accounting is submitted to create records in XLA, the following set of records will be created :
1) original accrual entries will be created with xla_ae_headers.accrual_reversal_flag Y and accounting_date in current period.
2) reverse accrual entries will be created with xla_ae_headers.accrual_reversal_flag N and accounting_date in next period. Depending on the 'to date' parameter of the create accounting program the status of these records will be either INCOMPLETE or FINAL .
i) If the to date includes the next period date then status will be final .
ii) If the to date does not include the next period date then status will be incomplete.
These reversal entries which are in incomplete status in XLA for the next period, will change to either final or draft status when the Create accounting program is submitted for the next period. And depending on the period status and "Tranfer to GL' parameter of the create accounting program run,
the xla_ae_header.gl_transfer_status_code will be N or Y. If the period is closed or transfer to GL is N, the gl_transfer_status_code flag will be N.
So for "creating" the accrual reversal entries, one has to explicitly run the Create Accounting program with "to date" with a date in the next period, this will ensure the reversals are created in final mode in XLA.
Again user has to explicitly choose the option of 'transfer to GL' parameter of the Create Accounting program. If he wants the reversal entries to be transferred to GL directly, Y or if he chooses No, then he has to submit the 'Transfer to GL' program to have the reversal entries transferred to GL.)
Hi.
ReplyDeleteIt is an exlect article. But I have a Question.
The Create Accounting - Cost Management sends to gl all account from all inventory organizacitons.
How Can we restring this procces for only one inventory organization?
tks...
Hi,
DeleteI think we cannot process it for a single inventory organization.It process based upon the ledger assigned to it.
WHAT ARE je batch name concatenate words in creating accounting - COST MANAGEMENT PROGRAM
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