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

What is the best practice to update the Inventory Asset Value Flag while there is OHQ.

Accepted answer


Best practice to update an expense item into an asset item (Inventory Value flag = Y) if there is on hand quantities for a given item

Content (required):

Hello Friends,

I know that when the Costed Flag = Y and the Inv. Value Asset Flag = N on the item, then when I transact that item in Oracle Inventory, Oracle will track the quantities, and post the entries for that item to Expense Accounts. An Alias Receipt will be

Credit: Offset Account

Debit: Expense Account.

If I go back to the item definition, and update the Inventory Value Asset Flag = Y, then nothing happens in Cost Accounting.

Howdy, Stranger!

Log In

To view full details, sign in.


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