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11/7/13

Document 1237963.1

Release 12 Inventory Period-End Process Flow For Oracle Process Manufacturing (OPM) Financials (GMF)- e-Business Suite (Doc ID 1237963.1)
Modified: Oct 18, 2013 Type: WHITE PAPER

In this Document Abstract History Details Inventory period closure in an Oracle Process Manufacturing (OPM) Organization Close period process in an OPM Inventory Organization Standard cost Actual cost Lot cost All common costing methods further steps Summary References

APPLIES TO:
Oracle Process Manufacturing Financials - Version 12.0.0 and later Information in this document applies to any platform.

ABSTRACT
This support document is intended to provide you with the useful and logical 'step-by-step' information related to the Inventory Period Closure process in the e-Business Suite Oracle Process Manufacturing (OPM) module in Release 12.

HISTORY
Author: Jean-Francois Guerrini, Yann Delaporte Create Date 15-NOV-2010 Update Date 18-OCT-2013

DETAILS
Inventory period closure in an Oracle Process Manufacturing (OPM) Organization
In order to close a period in an OPM Organization in EBS Release 12, the program GMF Period Close Process for Process Organizations has to be used. This program generates the period balances data, which is used in Inventory Valuation report. Moreover, it allows to manage the Preliminary Closed status, depending on the Final Close parameter selected : If Final Close = No: it is a preliminary close, i.e. the period is closed to transactions, but you may still reopen it to post transactions.

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For more information please refer to the Oracle Process Manufacturing Cost Management User's Guide (Part No. transactions may no longer be posted for the period. the period is directly closed as Final and period balances data is not generated. and the period can not be opened again.How to perform Preliminary Close For Process Inventory in Release 12. i. OPM Financials > Reports > Standard > Run > GMF Period Close Process for Process Organizations Close period process in an OPM Inventory Organization For OPM Organizations.1> . Note: in OPM.com/epmos/faces/DocumentDisplay?_adf.1 If Final Close = Yes: it is a definitive close. E13655-02). the first steps of the period close process depend on the costing method used.1 2/7 . https://support. Warning: if you choose to close the period from the Inventory Accounting Periods form.11/7/13 Document 1237963. Please refer to the <Doc ID 468155.oracle. the costing processes are launched at the Legal Entity level with the possibility to specify one or several OPM Organizations.ctrl-state=1bfi3bptqn_315&id=1237963.e.

oracle. OPM Financials > Standard Costs > Cost Rollup https://support.1 3/7 . it can not be selected anymore. If the period has the Closed status.1 Standard cost 1. This period in the cost calendar must be either with an Open or Frozen status.com/epmos/faces/DocumentDisplay?_adf. Error(s) from this process can be checked in Action Menu > View Error Messages.11/7/13 Document 1237963.ctrl-state=1bfi3bptqn_315&id=1237963. Launch the Cost Rollup Process: Run the Cost Rollup at period-end time to consolidate the standard costs of raw materials into the product costs.

11/7/13 Document 1237963.e. OPM Financials > Reports > Standard > Run > GMF Period Close Process for Process Org. It is then a Preliminary Close period. 3.1 4/7 .oracle. Actual cost 1. but may still be reopened.e. https://support. It is then a Preliminary Close period. Run Preliminary Inventory Close Period Run the GMF Period Close Process for Process Organizations program with Final Close = No. If the period has the status Closed it can not be selected anymore. Error(s) from this process can be checked in Action Menu > View Error Messages. but may still be reopened. the period is closed to transactions. i. OPM Financials > Reports > Standard > Run > GMF Recreate Batch / Period Layers 2. Run Preliminary Inventory Close Period: Run the GMF Period Close Process for Process Organizations program with Final Close = No. It is then a preliminary close period. Run GMF Recreate Batch / Period Layers Run GMF Recreate Batch / Period Layers is recommended to be routinely run and run before engaging the Actual Costing period close process in order to remove potential data problems (for example where the details of a Batch have been updated but these changes are not reflected in the Layer Cost tables).e. Run Preliminary Inventory Close Period: Run the GMF Period Close Process for Process Organizations program with Final Close = No. OPM Financials > Reports > Standard > Run > GMF Period Close Process for Process Org. the period is closed to transactions.ctrl-state=1bfi3bptqn_315&id=1237963. the period is closed to transactions. i.com/epmos/faces/DocumentDisplay?_adf. Run Actual Cost Process: The period in the cost calendar must be in either Open or Frozen status to run the Actual Cost Process. but may still be reopened. OPM Financials > Actual Cost > Actual Cost Process Lot cost 1. i.1 2. OPM Financials > Reports > Standard > Run > GMF Period Close Process for Process Org.

The Draft Mode allows accounting distributions to be amended in SLA (if required).oracle.e-Business Suite in section 5. Run Preliminary Cost Update Process: Launch the Cost Update process. Error(s) from this process can be checked in Action Menu > View Error Messages.com/epmos/faces/DocumentDisplay?_adf. Refer to <Doc ID 1266644. it is still recommended to avoid the Final Update option. Run SLA Create Accounting Process in Draft mode: Run the Create Accounting program in Draft Mode.1 Cost Of Goods Sold . This updates all inventory transactions to be marked as lot costed. OPM Financials > Cost Update 2.ctrl-state=1bfi3bptqn_315&id=1237963. Please notice that if Order Management is used. Run Lot Cost Process in Final mode: After cost calculations. Once processed in final mode the Lot Costs can no more be changed. OPM Financials > Lot Cost > Lot Cost Process All common costing methods further steps 1. then to run the Collect Revenue Recognition Information concurrent program followed by the generation of the COGS Recognition Events.for the same. OPM Financials > Lot Cost > Lot Cost Process 3.1 Cost Management: .11/7/13 Document 1237963.1> . Error(s) from this process can be checked in Action Menu > View Error Messages. At this stage. This to allow to be able to review and change component costs if necessary. and also to run another cost update.1 2. Run Lot Cost Process: The period in the cost calendar must be in either Open or Frozen status.1 5/7 .5. the Lot Cost process can be ran in final mode. If the period has the status Closed it can not be selected. https://support.R12 Period-End Process Flow For Oracle Discrete Manufacturing . Run OPM Accounting Preprocessor: The OPM Accounting Preprocessor creates the events in SLA tables. OPM Financials > Reports > Standard > Run > OPM Accounting Pre-Processor 3. it is advised to record the Order Management transactions. once costs are verified and correct.

OPM Financials > Reports > Standard > Run > Create Accounting https://support. OPM Financials > Cost Update 7.com/epmos/faces/DocumentDisplay?_adf. Review Journal Entries: As soon as all accounting entries are correct. the Create Accounting process will transfer to General Ledger the only Journals created during that particular run. OPM Financials > Reports > Standard > Run > OPM Accounting Pre-Processor 8.1 6/7 . if 'Post in General Ledger' option = No. Create Accounting and Export to GL Run the Create Accounting program in Final Mode. Specify that the update is final (by ticking the Final Update check box).11/7/13 Document 1237963. this locks the raw material costs for the specified period.ctrl-state=1bfi3bptqn_315&id=1237963.oracle. The period in the cost calendar will be at the status Frozen. OPM Financials > Cost Update Menu: Action > View Error Message 5. Run Final Cost Update Process: Launch the Cost Update process. Thus. You can then export these costs to the proper General Ledger accounts. Run Final Inventory Close Process: Run the GMF Period Close Process for Process Organizations program with Final Close = Yes.1 OPM Financials > Reports > Standard > Run > Create Accounting 4. this step can be skipped. The period will then be definitively closed to any transaction and it will be impossible to reopen it. When choosing the Final Mode. then the concurrent request 'Transfer to GL' needs to be ran to transfer the SLA journals to General Ledger in previous Create Accounting runs. OPM Financials > Reports > Standard > Run > GMF Period Close Process for Process Organizations 6. With the 'Post in General Ledger' option= Yes. there is also the option to directly Post to General Ledger. Run OPM Accounting Preprocessor OPM Accounting Preprocessor creates events in SLA tables.

com/epmos/faces/DocumentDisplay?_adf. REFERENCES NOTE:110424. all the costing to happen but also to properly close the process manufacturing periods.ctrl-state=1bfi3bptqn_315&id=1237963.e-Business Suite NOTE:1069492.1 7/7 .1 SUMMARY The manufacturing period closure process enforces the different transactions to be all entered. validated and completed in a timely manner.1 .1 .oracle.OPM Financials (GMF) Troubleshooting Guide NOTE:1266644.1 .R12 Period-End Process Flow For Oracle Discrete Manufacturing .11/7/13 Document 1237963.Resolving Period Close Pending Transaction R12 https://support.FAQ: Unprocessed Transactions / Closing Inventory Accounting Period NOTE:1213193.1 .