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Incorrect Accounting Depreciable Item Organization With Standard Cost (Doc ID 2416330.1)

Last updated on JUNE 27, 2018

Applies to:

Oracle Installed Base - Version 12.0.5 and later
Information in this document applies to any platform.

Goal

We have the following situation explained with example.
-Depreciable Item XXX: Tracking on Install Base and Create Assets
-Organization ABC Standard cost $ 500
-Purchase Order Unit Price $ 1000 - Units 3

Accounting Purchase Receipt

Material Account $ 1500
Price Variance $ 1500
Receipt account $ 3000

Accounting Add Asset

Asset account $ 3000
Material account $ 3000


The accounting for the discharge of a depreciate item in an Organization with Standard Cost is incorrect. The material account has differences
Business impact
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Incorrect Accounting Depreciable Item Organization with standard cost
 

Solution

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