How Is COGS Booked When OPM Sales Order Ship And Revenue Recognise in Different Periods?

(Doc ID 2338680.1)

Last updated on DECEMBER 12, 2017

Applies to:

Oracle Process Manufacturing Financials - Version 12.2.3 and later
Information in this document applies to any platform.

Goal

In prior period: Sales order is shipped, the following accounting takes place:
Inventory Valuation Account : Credit.
Deferred COGS Account : Debit
In current period: the revenue is recognized. The distribution for the COGS Recognition transaction follows:
Deferred COGS Account : Debit
COGS Account : Credit
How is COGS Recognition transaction booked under PMAC?
 

Solution

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