Accrual Entries Getting Generated For The Wrong Accounting Period
(Doc ID 2504368.1)
Last updated on JANUARY 20, 2021
Applies to:Oracle Fusion Cost Management Cloud Service - Version 184.108.40.206.0 and later
Oracle Fusion Manufacturing Cloud Service - Version 220.127.116.11.0 and later
Oracle Fusion Cost Management - Version 18.104.22.168.0 and later
Information in this document applies to any platform.
Qn1:Customer has Both Jan-19 and Feb-19 period open
Business has received some PO on 31st Jan, but that was not recorded on 31st Jan, therefore business decides to record that receipt today (i.e. 5th Feb).
Customer has backdated the receipt/transaction date AND GL date to 31st Jan while receiving the stock.System takes the GL date as 1st- feb in receipt
accounting distributions to generate accrual liability.
Does receipt accounting will take the GL date of LATEST OPEN GL PERIOD always for all the transactions irrespective of the transaction date stamped on the
transaction?(The latest GL period open is Feb (Jan GL period is also open))
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