Oracle SCM - Costing Period End

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Safe Harbor Statement
The following is intended to outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any contract. It is not a
commitment to deliver any material, code, or functionality, and should not be relied upon
in making purchasing decisions. The development, release, and timing of any features or
functionality described for Oracle’s products remains at the sole discretion of Oracle.
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Oracle Cloud Cost Management
Understanding period close process
Customer Connect Session: 12th September 2018
Presenter Information
Srini Raghavan
Product Manager – Costing Cloud
Kaushik Sivakumar
Director – Costing and Financial Orchestration Product Strategy
Copyright © 2018, Oracle and/or its affiliates. All rights reserved. |

Cost Accounting Periods
• Defined for a combination of Cost
Organization and Cost Book
• Option to define maximum open
periods

Manage Cost Accounting Periods
• Period Statuses supported
• Never Opened
• Open
• Closed – can be reopened, if
necessary
• Permanently Closed
Period End Validations
• Identifies uninterfaced transactions
from source systems such as
Inventory, Manufacturing,
Receivables.
Create
Cost
processing
Accounting
• Lists transactions stuck due to
Preprocessing
missing setups identified by
preprocessor
Interfaced
from
• Helps identify reasons for
source
system
unprocessed transactions
• Can be run multiple times, anytime
during the period
Recent Enhancements
• New Period end validation to
identify transactions yet to be
interfaced from source systems
• Usability enhancements to Review
Error Transactions:
– Export errors to Excel
– Ability to identify the error for
unprocessed records
• New capability to copy period
details from General Ledger
Receipt Accounting periods
• Uses Payables and General Ledger period statuses to slot transactions in
appropriate periods
• Accrue at period end • No Accounting
PO Receipt
Auto Accrue Invoice
reverse in Receipt at Not
next period Booked • Debit Expense (Payables)
period end
Invoice • Credit Supplier Payable (Payables)
booked
– Receipt Accounting is performed when a supplier invoice is processed in Payables

– If receipts are not invoiced by period end, Receipt Accounting can accrue uninvoiced
receipts
• Accounting entry: Debit Expense/Credit Expense Accrual (auto reversed in next period)
Accrue at Receipt
• Receipt accounting attempts to accrue the receipt in the GL period of the
receipt, if the GL period is still open.
• Handles backdated transactions (late data entry)
• Can use the cutoff days for controlling how far into subsequent period will
backdated receipts be posted into the prior period
• If the GL period is closed, or the current date is beyond the cutoff days,
backdated receipts will be posted in the subsequent period
• Receipt accounting relies on the Accounts Payable period for accrual
adjustments (Receipt accounting posts to same period as the AP period)
Reporting
• Review Error Transactions page helps identify reasons why transactions not
processed
• New Cost Accounting and Receipt Accounting subject areas in OTBI
• New seeded reports available (from 18C)
– Distribution Summary by period/account
– Period End Validations Summary Report
– Period End Validations Transaction Details Report
– Period End Validations Transactions yet to be Interfaced Report
– Receipt Accounting Period End Summary Report
– Receipt Accounting Period End Transactions Report
Managing Backdated Inventory Transactions
• Transactions created with a transaction date in the past
• Costing date = transaction date, except in case of backdated transactions
• Cost Accounting uses Cost Cutoff date and Cost Accounting period statuses to slot
transactions in appropriate periods
• Cut off date sets the last transaction date that will be processed for a costing period
• Costing date of backdated transactions is the greater of: the backdated transaction
date, the date of the last processed transaction, or the first date of the earliest
currently open period.

Enhancements Roadmap
• Ability to open, close periods for multiple cost organizations
• Ability to run validations for several organizations
• Ability to define and maintain receipt Accounting periods
• Preview period end accruals before posting
• Period close dashboard
Safe Harbor Statement
The preceding is intended to outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any contract. It is not a
commitment to deliver any material, code, or functionality, and should not be relied upon
in making purchasing decisions. The development, release, and timing of any features or
functionality described for Oracle’s products remains at the sole discretion of Oracle.

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Audio for this webcast will stream via your computer’s speakers.

Note: There is no separate dial-in number.

You will be on music hold until the session starts.

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. | 1

Customer Connect Session: 12th September 2018

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. |

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. |

– Receipt Accounting is performed when a supplier invoice is processed in Payables

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. |

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