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

Last updated on AUGUST 08, 2023

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

Scope

Details

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In this Document

**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

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