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10.0 Open Inventory Accounting Period

 

  • Form Application: Inventory
  • Form Name: INVTTGPM
  • Form Path: /oracle/apps/r12/visr12/apps/apps_st/appl/inv/12.0.0/forms/US/INVTTGPM.fmx

Inventory Periods control transactions into specific GL period. It is financial practice to split a financial year into multiple accounting period and based on date transactions flow into any of these accounting period. For accurate financial reporting each period is OPENED and CLOSED by authorized people.

Navigation: Inventory responsibility -> Accounting Close Cycles -> Inventory Accounting Period

  • Select the Inventory ‘Period’
  • Find only FUTURE status period
  • Click ‘Change Status’
  • Click ‘OK’ when prompted ‘Open this period?’

Concurrent program is submitted, once it is completed NORMAL, navigate again to check the Inventory accounting period status changed from FUTURE to OPEN.

Open Inventory Accounting Period

Open Inventory Accounting Period

9.4 Update ABC Class Item Assignment

 

  • Form Application: Inventory
  • Form Name: INVADACA
  • Form Path: /oracle/apps/r12/visr12/apps/apps_st/appl/inv/12.0.0/forms/US/INVADACA.fmx

ABC classes to items are once assigned they can be modified manually. In this tutorial you will learn how to do this.

Navigation: Inventory responsibility -> ABC Codes -> Update Item Assignments

  • Select the ‘ABC Assignment Group’
  • Click ‘Find’
  • Click ‘Yes’ when prompted ‘Query all Items’
  • The list shows the items and current ABC class assignments
  • Make any changes to Item & ABC class assignment

Save the details. This completes the updating ABC assignment to Items manually.

ABC Items Assignments Update

ABC Items Assignments Update

9.3 ABC Assign Items

 

  • Form Application: Inventory
  • Form Name: INVADAAS
  • Form Path: /oracle/apps/r12/visr12/apps/apps_st/appl/inv/12.0.0/forms/US/INVADAAS.fmx

Item Assignment to ABC classes is the last step in ABC classification process. This process uses the ABC groups, ABC Compiles and ABC classes information that was already setup.

Navigation: Inventory responsibility -> ABC Codes -> Assign Items

  • Select the ‘ABC Assignment Group’
  • Click ‘Find’
  • Enter the ‘% of items’ or ‘%of Value’ for each ABC classes in this group, total percentage will be 100%
  • Click on ‘Assign’

Save the details. This completes the ABC assignment to Items.

ABC Assign Items

ABC Assign Items