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Capitalized Production : French Accounting Entries in Oracle ERP Cloud

Summary: question regarding French Accounting entries for Capitalized Production (Production Immobilisée) 

Content (please ensure you mask any confidential information):

When an invoice is accounted for on an investment project, we expect the following accounting entries to comply with French accounting standards:

  1. AP to GL:
    6XXXX (Dr) / 401XXX (Cr) upon invoice accounting
  2. AP to PPM → GL:
    231XXX (Dr) / 72XXXX (Cr) when the capitalizable cost is transferred to PPM and recognized as capitalized production
  3. 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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