Clarification required on Retroactive Flag in Cost Scenarios

(Doc ID 2336887.1)

Last updated on FEBRUARY 16, 2018

Applies to:

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

Goal

Created Item and performed Misc Transaction on 26-Nov-2017.

Created Cost Scenario with effective date as 06-Dec-2017. Defined Material cost for the Item as 155 USD.(Retroactive Costing Check box was not enabled)

Current onhand is 96 Each, Review Inventory Valuation is showing Item cost and Costed Value.

As per our understanding, if Retroactive checkbox is not enabled during creation of Cost Scenario, system should not calculate the cost of the transaction, because scenario effective date is after the transaction date.

Clarification required on Retroactive costing Functionality.
 

Solution

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