MPA Recognition Entry Booked In Period Before The Period Of Accrual Entry
(Doc ID 1368591.1)
Last updated on DECEMBER 04, 2019
Applies to:Oracle Financials Accounting Hub - Version 12.1.3 and later
Information in this document applies to any platform.
The basic accounting concept related to MPA is that 'Recognition' will always be after the 'Accrual'. The Accounting date for recognition journals can never be before the accounting date of accrual entry.
The base transaction has an accounting date of '06-Apr-11'. So the Accrual Entry is booked with accounting date of '06-Apr-11'. The MPA Start Date is '10-Mar-2011' and MPA End Date is '10-Mar-2012'. The March-11 and April-11 period is open.
The MPA program booked the 'recognition' entry for period 10th Mar to 31st Mar in Mar-11 period even though the accrual entry has an accounting date of '06-Apr-11'.
MPA solution should check that none of the recognition entry has accounting date less than 'accrual' accounting date. If there is one, it should be updated as equal to the accounting date of 'accrual' entry for prior period earnings.
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