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Invoice Price Variance (IPV) Account Has No Offset With Debit Memo On Periodic Average Costing (PAC) (Doc ID 1338264.1)

Last updated on FEBRUARY 06, 2019

Applies to:

Oracle Cost Management - Version 12.1.2 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.

Symptoms

IPV Account Have No Offset with Debit Memo on PAC



STEPS
The issue can be reproduced at will with the following steps:
Using PAC Costing Method

Use the following for example:
1. Receive goods on 5/10, QTY=17.33, Price=8.1, Amount = 140.37
2. Create Accounts Payable (AP) Invoice for 140.37
Dr. Accrual AP $140.37
           Cr. AP $140.37
3.Create AP Debit Memo for Price Correction, QTY=17.33, Price=-2, Amount = -34.66
Dr. AP $34.66
                Cr. IPV $ 34.66
4. Re-Run PAC Programs
5. The expected values for the Receiving Accounting is
Dr. Receiving $ 105.71
Dr. IPV $ 34.66
            Cr. Accrual AP $ 140.37
6. But the Result is showing as the following:
 Dr. Receiving $ 105.71
            Cr. Accrual AP $ 105.71

This causes two issues:
1)Accrual AP can not be fully netted
2)IPV Account can not be fully netted

Cause

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In this Document
Symptoms
Cause
Solution
References


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