How PAC Deals With IPV Whose Receipt And Invoice Comes From Same Period? (Doc ID 2327030.1)

Last updated on JULY 01, 2024

Applies to:

Goal

Qn1:

Why is there IPV (Invoice Price Variance) account balance in GL(general ledger) from Periodic Inventory? How does it get created?
 
Qn2:
IPV comes from Payable. But why only one record comes from Periodic Inventory?
If the Periodic Inventory is IPV, it will cause double because both Payable and Periodic Inventory will generate IPV and transfer to GL.

Solution

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.