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How Actual FIFO works — Cloud Customer Connect
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How Actual FIFO works

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edited Feb 16, 2018 8:26PM in Costing 3 comments

Summary

See an animation that shows how Actual FIFO works in conjunction with the valuation structure.

Content

Open the power point slide deck to see a simple animated example of how Actual FIFO costing works in conjunction with "valuation structure". Recall from the documentation (docs.oracle.com), the valuation structure is user configurable; it sets the level of granularity you want to segregate and track quantities and costs.  If you use an Actual Cost method in your enterprise, you can use the power of configurable valuation structures to adapt the solution to your use cases.

Notice the different outcome in each example.

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