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FAQ: Center Led Procurement Accounting Flow (Doc ID 1158423.1)

Last updated on SEPTEMBER 20, 2021

Applies to:

Oracle Purchasing - Version 11.5.10.2 to 12.1.3 [Release 11.5 to 12.1]
Information in this document applies to any platform.

Purpose

This document is a consolidation of all frequently asked questions related to Center Led Procurement Accounting flow in 11i and R12 SLA architecture.

Questions and Answers

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In this Document
Purpose
Questions and Answers
 1. What are the accounts that get defaulted in the Purchase Order in Center Led Procurement scenario and from where do they get defaulted?
 2. What are the accounting entries that get generated in the Procure To Pay cycle in Center Led Procurement scenario?
 3. What setups need to be verified to perform the purchase order receipt and to generate the accounting successfully in Global Procurement scenario?
 4. In centralized procurement scenario, PO receipt generates accounting entries in Procuring Operating Unit as well as Requesting Operating Unit in receiving subledger. On viewing the accounting entries for this PO receipt in receiving transaction summary >View accounting, only the accounting entries happened in Requesting Operating Unit are shown.
 How to view the accounting entries for the Receiving Transaction in Procuring Operating Unit from front end?
 5. Accounting entries for PO receipt in ledger/SOB to which Requesting Operating Unit is attached do not get generated in the currency of PO. Instead the entries get created in the functional currency of ledger/SOB to which Procuring Operating Unit. Why does it happen?
 6. How to Balance Intercompany Accruals for Center Led Purchasing Without AR/AP Intercompany Invoices?
 7. What are the limitations while using Global Procurement cycle from Accounting perspective?

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