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

Summary:

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.