Process Manufacturing - EBS (MOSC)

MOSC Banner

Batch Close Variance Journal

edited May 18, 2016 5:09AM in Process Manufacturing - EBS (MOSC) 6 commentsAnswered

Hi All,

In OPM Financials, journal that generated for batch transaction is like below:

Event Type: Batch Release

Work In Process Valuation (Dr) 10,000

     Inventory Valuation  (Materials) (Cr) 10,000

Event Type: Batch Completion:

Inventory Valuation (Finished Goods) (Dr) 12,000

     Work In Process Valuation (Cr)                  12,000

Event Type: Batch Close

Work In Process Valuation (Dr/Cr) 2,000

     Batch Close Variance (Dr/Cr)        2,000

Is it right that batch close journal is differentiation between batch release WIP and Batch completion WIP?if it's right, what should we do with batch close variance account so batch close variance account will be 0?

Regards,

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center