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.
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
Incorrect Accounting Depreciable Item Organization with standard cost
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document