FA SCM FDC:TO ADD ICMS VALUE TO COST ACCOUNTING DISTRIBUTIONS
(Doc ID 2971808.1)
Last updated on SEPTEMBER 29, 2023
Applies to:
Oracle Fusion Inventory Management Cloud Service - Version 11.13.23.04.0 and laterInformation in this document applies to any platform.
Goal
The value of "ICMS calculated" in the lines of the invoice is not deducted from the cost calculation.
ICMS Tax in the FDC is getting deduction from the costed amount in cost accounting leading to incorrect item cost.
In the AP invoice Distribution related to the FDC, this ICMS tax is a Recoverable tax.
FDC:
The fiscal invoice is created on fiscal document capture (FDC);
The fiscal invoice is validated and captured
In tax information tab, the value of ICMS was correctly calculated
Cost accounting:
View the cost accounting distributions UI -> View section "journal entries"
Observed that the effective value of the accounting cost is "deducting" the value of ICMS tax
Example:
PO 123, Line 1- Receipt # 01
Cost amount = ((unit price * quantity + IPI value) - (ICMS value))
Cost amount = (2,42 * 150 + 0) - (14,52))
Cost amount = (363,00) - (14,52)
Cost amount = 348,48
PO 123, Line 2- Receipt # 01
Cost amount = ((unit price * quantity + IPI value) - (ICMS value))
Cost amount = (0,32408 * 500 + 8,43) - (6,82))
Cost amount = (170,47) - (6,82)
Cost amount = 163,65
Solution
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In this Document
Goal |
Solution |
References |