How To Value and Account Obsolete Items In Stock Either At Realization Value or At Reduced Cost

(Doc ID 2305014.1)

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.

Goal

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?
 

Solution

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