Accounted value in Material Distributions is rounded leading to differences in Inventory Valuation
(Doc ID 1392775.1)
Last updated on DECEMBER 03, 2019
Applies to:
Oracle Cost Management - Version 12.1.3 and laterInformation in this document applies to any platform.
Goal
Material Account Distributions Report shows non zero value on material
account while onhand balance is zero.
Find a rounding error in MTL_TRANSACTION_ACCOUNTS table where transaction
values are rounded to two decimals in column BASE_TRANSACTION_VALUE.
The sum of the rounded values for receiving transactions is not equal to the
sum of the rounded values for issue transactions.
Following is a testcase:
1. The specific organization does not allow negative onhand, and use Average Cost
2. Functional Currency is "TWD"
3. Create an item PO_TEST01
4. Miscellaneous Receipt 1 piece with unit cost $29.67, got Material Distribution following
Cr. Inventory valuation $30
Dr. Account $30
5. Miscellaneous Receipt 1 piece with unit cost $29.67, got Material Distribution following
Cr. Inventory valuation $30
Dr. Account $30
6. Miscellaneous Issue 2 pieces without unit cost , got Material Distribution following
Cr. Account $59
Dr. Inventory valuation $59
We are expecting the Inventory valuation total balance is ZERO.
Why is the Inventory valuation total balance $1?
Solution
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In this Document
Goal |
Solution |