• 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