Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
Exclude invoice cost variances from cost management — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Exclude invoice cost variances from cost management

Accepted answer
58
Views
4
Comments
edited May 18, 2020 10:15AM in Costing 4 comments

Content

Team,

I am trying to test the new feature introduced in 20B to exclude Invoice Price Variance based on profile option - ORA_CMR_IGNORE_AP_INV_VAR_ALL.

Currently I have not enabled the profile option.

I have executed the below scenario -

Standard cost of Item is 10 USD

Created Purchase Order for Qty 10, Unit Price 10. Amount = 100

Created Receipt for Qty 10, Price is 10, Amount  = 100

Created Invoice for Qty 8, Price 11,  Amount = 88

Accounting Entries created are as below - 

When Receipt Created - 

Receipt into Inspection Receiving Inspection 100  
  Accrual   100
       
PO Delivery into Inventory Inventory Valuation 100  
  Receiving Inspection   100

 

When Invoice Created - 

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!