Cost Revaluation - No Revaluation (RVAL) postings generated - Standard Costing is being used.
Last updated on JANUARY 05, 2018
Applies to:Oracle Process Manufacturing Financials - Version 12.1.1 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.
Find that there are no RVAL postings generated for the Cost Revaluation event. Make sure the item has a cost in the current period and in the prior period. Cost revaluation will get the costs from the gl_item_cst table which is populated by the cost update process. Also the inventory balance needs to be there in the current period and GMF period close process needs to be run in Draft or final mode which will populate the period balance.
This was not happening for an item which has an inventory balance carried forwarded from previous period but does not have inventory transactions in the current period.
Revaluation is expected to happen with current period's standard cost compared to previous period's standard cost for the carried inventory balance.
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