Capitalized Production : French Accounting Entries in Oracle ERP Cloud
Summary: question regarding French Accounting entries for Capitalized Production (Production Immobilisée)
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When an invoice is accounted for on an investment project, we expect the following accounting entries to comply with French accounting standards:
- AP to GL:
6XXXX (Dr) / 401XXX (Cr) upon invoice accounting - AP to PPM → GL:
231XXX (Dr) / 72XXXX (Cr) when the capitalizable cost is transferred to PPM and recognized as capitalized production - FA to GL:
205XXX (Dr) / 231XXX (Cr) when the asset is placed in service
Our question relates to entry #2.Does standard Oracle ERP Cloud automatically generate the
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