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Are Revaluation Accounting Entries Created Automatically When Moving from Lot Costing to Standard Costing? (Doc ID 2879461.1)

Last updated on OCTOBER 20, 2023

Applies to:

Oracle Process Manufacturing Financials - Version 12.2.8 and later
Information in this document applies to any platform.

Goal

When moving from Lot Costing to Standard Costing does the system create revaluation adjustment entries automatically in the next period after moving to Standard costing. If not then what is the alternative?

What happens to the Work In Process production batches. Client's batch cycle is around 8-10 days. In that case when we change the Cost Method and some batches are in WIP then upon batch close will we have variances?

Solution

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In this Document
Goal
Solution


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