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After INV Period is Closed, WIP(EAM) 'Period Close Variance' Entries Are Passed to GL (What is the impact of WO Cost Estimation?) (Doc ID 1058253.1)

Last updated on AUGUST 05, 2018

Applies to:

Oracle Enterprise Asset Management - Version 11.5.10 to 12.1.3 [Release 11.5 to 12.1]
Information in this document applies to any platform.

Goal


After Inventory Period is closed ,WIP (EAM) Period Close Variance entries are passed to GL.  During Year End Closing, we noticed 'Period Close Variance' transaction entries  are generated during the Inventory Period(EAM Enabled Inventory Org).

Actually the Work Order Cost Estimate Processor was Not Run nor Work Order Cost is not estimated.
But When we try to reproduce the issue in the Clone instance, we come across very strange observation, whether We do Work Order Estimate or Not, during Period Close ,'Period Close Variance' are generated for the all the materials issued against the Work Orders.


Solution

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In this Document
Goal
Solution


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