R12: FV: Where is the 'Constructive Acceptance Days' set in the application for use in calculating the Constructive Acceptance Date?
(Doc ID 2105443.1)
Last updated on JULY 08, 2020
Applies to:Oracle U.S. Federal Financials - Version 12.1.3 and later
Information in this document applies to any platform.
Where is the 'Constructive Acceptance Days' set in the application for use in calculating the Constructive Acceptance Date?
The following example is found in the documentation as one of the examples for the Due Date Calculation Process:
Oracle® U.S. Federal Financials
Part No. B31155-02
11-6 Oracle U.S. Federal Financials User Guide
Example: Constructive Acceptance
This is an example of a payment due date of an invoice that is changed because the
Constructive Acceptance Date is later than the Invoice Received Date.
An invoice is received with this information:
• Date the invoice was received is November 14, 2002.
• Date goods were received is November 10, 2002.
• Date goods were accepted is November 20, 2002.
• The Constructive Acceptance Date is November 17, 2002.
• Payment terms are Net 30.
The original payment due date is December 14, 2002 because Payables uses the Invoice
Received Date as the Terms Date Basis.
The agency has a Constructive Acceptance Date that is seven days after receipt of the
goods. Actual acceptance of the goods did not occur until November 20, 2002, 10 days
after receipt of the goods. The Due Date Calculation process changes the due date for
the invoice to December 17, 30 days after the Constructive Acceptance Date.
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