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Fusion CMR: What Should Be The Accounting Entries For The "Retroactive Price Adjustments"? (Doc ID 2753754.1)

Last updated on FEBRUARY 23, 2021

Applies to:

Oracle Fusion Cost Management Cloud Service - Version 11.13.20.10.0 and later
Oracle Fusion Receipt Accounting - Version 11.13.20.04.0 and later
Oracle Fusion Inventory Management Cloud Service - Version 11.13.20.10.0 and later
Oracle Fusion Purchasing Cloud Service - Version 11.13.21.10.0 and later
Information in this document applies to any platform.

Goal

What should be the accounting entries for the "Retroactive Price adjustments"?

Using "Retroactive Price Adjustments with Encumbrance Reversal" as account combination seeded rule in SLA.
For the journal entries it shows same account for the accrual and receiving inspection events.

When check the SLA setup and receipt accounting setup, it shows both the events are using the same
account combination which is "Purchase Order Accrual Account"

Journal Line Rule       Accounting Class       Account Combination Rule
-----------------------  -----------------------  ------------------------
Accrual                     Accrual                     PO Accrual
Receiving Inspection  Receiving Inspection  PO Accrual

What should be the accounts for both the events?
 

Solution

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In this Document
Goal
Solution
References


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