COST ACCOUNTING
COST MANAGEMENT SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You are verifying your distributions for your transactions. You just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up. What do you need to do for your receipt to show up?
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Run the Clear Receipt Accrual Balances process.
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Run the Transfer Costs from Payables to Cost Management process.
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Run the Transactions from Receiving to Costing process.
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Run the Create Accounting process.
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Run the Transactions from Procurement to Costing process.
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Explanation:
Detailed explanation-1: -When goods are interfaced from Oracle Receiving to Oracle Receipt Accounting, Receipt Accounting recognizes the liability to the supplier, and creates accruals for receipts destined for inventory or expense. For consigned purchases, the supplier accrual is booked upon change of ownership.
Detailed explanation-2: -Select Summary to advance to the Display Current Receipts Screen. Select Receive P/O to receive the entire purchase order. The quantity due for each line will be updated as received. See Receiving an Entire Purchase Order Into Suspense.
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