How Does Journal Summarization work in Costing and How to Transfer From Inventory To GL In Summary Mode (Doc ID 2284785.1)

Last updated on JULY 10, 2017

Applies to:

Oracle Fusion Cost Management Cloud Service - Version 11.12.1.0.0 and later
Information in this document applies to any platform.

Goal

 How Journal Summarization happens in Costing?

Use Case:

1) Go to Ledger Options, Choose Journal Summarization for Application Costing set it to " Sumarize by GL date"

2) Create Miscellaneous Transactions in Inventory for a serial controlled item, quantity 1000

3) Transfer Transactions from Inventory to Costing

4) Create Cost Accounting Distributions , Review Cost Accounting Distributions shows 1000 distributions created for each Serial number

5) Run Create Accounting

    See 1000 journals are created all for same account and same gl date.

 

Solution

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