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WIP Valuation Report Balance Does Not Match GL Balance On WIP Valuation Account (Doc ID 2402773.1)

Last updated on JUNE 18, 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.

Symptoms

There is a difference between the Ledger Balance on accounts capturing the WIP balance, and the balance as shown in WIP Inventory Valuation Report.

EXPECTED BEHAVIOR
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WIP Inventory Valuation Report total will match with the balance on natural accounts that is classified for WIP balance.

STEPS
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The issue can be reproduced at will with the following steps:
1. Run the Transfer Transactions from Production to Costing
2. Navigate Costing > Cost Accounting
3. Tasklist > Create Cost Accounting Distributions
4. Search for cost org and cost book.
5. The cut off date is set to end of the month
6. Click on Scheduled Process > Click Submit on "Create Cost Accounting Distributions" job
7. Run the 'Create Accounting' in Final Mode
8. Once Journals created, General Accounting > Period Close, from task list pick 'Inquire on Detail Balances'
9. Review the account balances for all accounts that belong to WIP Valuation in the end of the period
10. A difference is seen in the WIP Valuation (Accounted Version) vs GL Balance.

Changes

 

Cause

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