Clarification Needed on Prior Period Adjustments (PPA) in Oracle Incentive Compensation.
Summary: I would like to inquire about how Oracle Incentive Compensation handles Prior Period Adjustments (PPA) within the system. Specifically, I am looking for more information regarding the following areas:
- Understanding Prior Period Adjustments (PPA):
In our current setup, we anticipate making retroactive adjustments to compensation due to changes in compensation plans, Credit Rules, Classification rules or transactional data. How does Oracle Incentive Compensation manage these adjustments?
What process is followed when changes need to be applied to prior periods, particularly for adjustments such as compensation plan updates, Credit & Classification rules updates and data corrections, or organizational changes?
Is there an equivalent feature that allows for recalculating and applying adjustments retroactively to previous periods, or does it allow adjustments to be handled exclusively in the current period without recalculating previous months?