Does OPM Support Updating Pending Costs to Frozen Standard Costs as Discrete Costing Does?
(Doc ID 2921532.1)
Last updated on JANUARY 16, 2023
Applies to:Oracle Process Manufacturing Financials - Version 12.2.9 and later
Information in this document applies to any platform.
Does Oracle Process Manufacturing (OPM) support the "Updating Pending Costs to Frozen Standard Costs" functionality as described at https://docs.oracle.com/cd/A60725_05/html/comnls/us/cst/stdtas03.htm or is this limited only to Discrete Costing?
Updating pending costs to Frozen standard costs does the following in Discrete; does it do this in OPM also?
Updates the existing standard costs with the costs created in the new cost type and creates the resulting adjustment accounting entries.
If you use Work in Process, the cost update revalues discrete job balances, creates accounting adjustments, and prints the adjustments along with the new job values in its report.
Creates item cost history.
Prints the Inventory, Intransit, and WIP Standard Cost Adjustment reports that detail the valuation changes in your inventory due to the change in the standard costs.
If you share costs across inventory organizations, the standard cost update automatically revalues the on-hand balances in all organizations that share costs.
Oracle recommends that you also print the Cost Type Comparison Reports to display differences in item costs for any two cost types. You can compare by cost element, activity, sub-element, department, this/previous level, or operation.
Optionally, saves update details for rerunning adjustment reports
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