Modifying Default Accounting Entries in Oracle for "Work in Process Product Completion".
Discussion Point: Modifying Default Accounting Entries in Oracle for "Work in Process Product Completion"
During my review of the cost accounting distribution for the "Work in Process Product Completion" transaction, I noticed that the default Oracle functionality debits the Inventory valuation account and credits the Work in Process (WIP) valuation account.
I am considering modifying this default accounting setup to achieve the following:
- Debit the Inventory valuation account associated with Cost Center A.
- Credit the Inventory valuation account associated with Cost Center B.
- Subsequently, debit the Inventory valuation account associated with Cost Center B.
- Finally, credit the WIP valuation account.
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