Accounting Equation in pictorial format

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Receiving Receipts FAQ

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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...
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Difference Between MTS, ATO, MTO ,PTO ,CTO and ETO.

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 Make-to-stock (MTS) In MTS environments, products are created before receipt of a customer order. Customer orders are then filled from existing stock, and then those stocks are replenished through production orders. MTS environments have the advantage of decoupling manufacturing processes from customer orders. Theoretically, this enables customer orders to be filled immediately from readily available stock. It also allows the manufacturer to organize production in ways that minimize costly changeovers and other disruptions. However, there are risks associated with placing finished goods into inventory without having a firm customer order or an established need. These risks tend to limit MTS environments to simple, low-variety, or commodity products whose demand can be forecasted readily.  Assemble-to-order (ATO) In ATO environments, products are assembled from components after the receipt of a customer order. The key components in the assembly or f...
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Accounting entries in Oracle Purchasing and Payables

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This document gives in detail different accounts used and the accounting impact of various transactions that take place in Oracle Purchasing and Oracle Payables. Both Standard costing and Average costing methods are considered. The accounts are Oracle Applications specific and might differ from the conventional accounting names. Examples are given wherever required for better understanding of the concept. The sources of these accounts are given. PURCHASING:  Receiving – For Accrual Process for perpetual Accruals Receipts for inventory purchases are always accrued upon receipt. And also use perpetual accruals for expense purchases you want to record uninvoiced purchase liabilities immediately upon the receipt of the expense goods. Receiving Account (Receiving Account) To record the current balance of the material in receiving and inspection. Where to define in Apps: Define Organization           ...
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