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EBS R12 Period Close Advisor: Inventory & Costing (Doc ID 1359452.1)

Last updated on JULY 26, 2017

Applies to:

Oracle Process Manufacturing Financials - Version 12.0.0 and later
Oracle Work in Process - Version 12.0.0 and later
Oracle Inventory Management - Version 12.0.0 and later
Oracle Cost Management - Version 12.0.0 and later
Information in this document applies to any platform.

Purpose

EBS R12 Period Close Advisor: Inventory Data for inclusion in Advisor 335.1

Details

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In this Document
Purpose
Details
 **Period Close Advisor Overview**
 How to use this Period Close Advisor:
 Inventory and Costing:
 **Evaluate & Prepare**
 1. Review Training MaterialOverall Manufacturing
 2. Recommended Patching
 3. Validate Setup
 **Process Inventory, Cost, and Move Transactions**
 1. Process Inventory & Cost Transactions
 2. Check Inventory and Work in Process Transaction Interfaces
 3. Check and fix Pending Transactions
 **Create Accounting**
 1. Run the Create Accounting-Cost Management Program
 **Reconciling Inventory**
 1. Run Standard Period-End Reports and reconcile the Perpetual Inventory with GL
 2. Validate the Work in Process Inventory
 **Close the Inventory Period**
 1. Open the Next Inventory Period
 2. Ensure Oracle Payables and Oracle Purchasing Periods are closed first:
 3. Close the Current Inventory Period
References

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