As Per Accounting Standards IAS 2 Inventory Needs To Be Valued At The Lower Of Cost And NRV. Is It Possible?

(Doc ID 2403769.1)

Last updated on MAY 27, 2018

Applies to:

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

Goal

As per accounting standards IAS 2 inventory needs to be valued at the lower of cost and NRV.

Is this functionality available in OPM Financials?
 

Solution

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