COST ACCOUNTING
COST MANAGEMENT SYSTEMS
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Question
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Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units. Which two configurations will support this request?
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Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to “No".
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Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
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Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
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Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to “Yes".
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Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
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Explanation:
Detailed explanation-1: -Defining AutoAccounting is a required configuration task for processing customer billing. Define AutoAccounting to specify how you want Receivables to determine the default general ledger accounts for transactions.
Detailed explanation-2: -The Pay on Receipt Autoinvoice concurrent program automatically creates invoices from eligible consumption advice.
Detailed explanation-3: -Payment request – A request from Oracle Fusion Expenses or Oracle Fusion Receivables to disburse funds to a payee that is not defined as a supplier in the application.
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