How To Value and Account Obsolete Items In Stock Either At Realization Value or At Reduced Cost
Last updated on SEPTEMBER 06, 2017
Applies to:Oracle Process Manufacturing Financials - Version 12.2.6 and later
Information in this document applies to any platform.
The principal object for this request is :
1) User need to have a function to create an inventory valuation for Items in Month End Stock with status OBSOLET, at Realization Value (Market Price), and after the valuation for these items, create a journal account in General Ledger.
2) Also to reverse the previous posting and generate a new posting for realization value in the General Ledger automatically.
Is it possible to achieve the above requirements?
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