Enterprise Asset Management - EBS (MOSC)

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Work Order Closing affect

edited Dec 9, 2014 10:04AM in Enterprise Asset Management - EBS (MOSC) 3 commentsAnswered

hi,

It is recommended by oracle to close inventory period every month. Now assume maintenance work on one asset didn't finish with in one month assume it took 11months to finish maintaining it. During this period multiple items were issued on different periods. As you know at the time of material issuance following entries will be passed

Dr.WIP Valuation

Cr.Inventory account

at time of closing

Dr. Maintenance account

Cr. WIP Valuation

how will costing be affected? Since maintenance account will be updated at the end? will it have any impact costing wise? At the end of the year will there be any difference in terms of inventory account and maintenance account values?

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