Accounting Preprocessor Error: Prior Inventory Period Has Not Been Closed. Cannot Proceed (Doc ID 2123023.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Process Manufacturing Financials - Version 12.2.4 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.4 version upgraded environment(Upgraded from 11i)

While attempting to do Opm Accounting Pre-Processor (Costing source when Revaluation check box is checked and happening for first period in R12 environment)

following error was preventing it to process

ERROR: 'Prior Inventory Period Has Not Been Closed. Cannot Proceed '

Cause

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms