Oracle EBS Learnings

What is the Restriction of Decimal Precision for Receiving Forms in 11.5.10 and R12? Starting in 11.5.10 + Patch 5880504 and 12.0.4 Release Update Pack RUP4 - Patch 6435000 (which Includes Bug fix 6491333) + Patch 6597742, in all Receiving forms transaction quantity restriction to 6 decimal places is removed and users will be able to enter quantity in more than 6 decimal precision (limited now to the maximum size of Receiving forms quantity field, which is 30 characters. After fix on Bug 7626008, Included in INV/RCV Rollup 13 - Patch 7581431, the maximum size is increased to 80 characters). The above is true for receiving forms only. That means rounding will occur from one module to another when their decimal precision support is different from one another. For Core Inventory transactions and forms, the following excerpts from Inventory User's Guide (11.5.10), Part No. A83507-09, Pages 3-5, need to be considered: "...Important: Inventory transactions and on hand...

The deferred COGS of goods account is the new feature introduced in Release 12. The basic fundamental behind the enhancement is that the COGS is now directly matched to the Revenue. The same was not possible till now. Prior to this enhancement, the value of goods shipped from inventory were expensed to COGS upon ship confirm, despite the fact that revenue may not yet have been earned on that shipment. With this enhancement, the value of goods shipped from inventory will be put in a Deferred COGS account. As percentages of Revenue are recognized, a matching percentage of the value of goods shipped from inventory will be moved from the Deferred COGS account to the COGS account, thus synchronizing the recognition of revenue and COGS in accordance with the recommendations of generally accepted accounting principles. The Matching Principle is a fundamental accounting directive that mandates that revenue and its associated cost of goods sold must be recognized in the same accounting period...

Questions and Answers (Accrual and Accounting) What is the difference between 'Accrue On Receipt' and 'Accrue at Period End'? Accrue On Receipt means that when a receipt is saved, accrual transactions are immediately recorded and sent to the general ledger interface. This is also known as "online" accruals. Accrue at Period End means that when a receipt is saved, the accrual transactions are not immediately recorded and sent to the general ledger; instead, the accounting entries are generated and sent at the end of the month by running the Receipt Accruals - Period-End Process. All items with a destination type of either Inventory and Outside Processing are accrued on receipt. For items with a destination type of Expense, you have the option of accruing on receipt or at period end. Why are expense items typically accrued at period-end, and why are inventory items always accrued on receipt? One should accrue on receipt if perpetual inventory is ad...