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Functional steps for loading OPM Actual Item Costs for the first time (Doc ID 304289.1)

In this Document

Goal
Solution

APPLIES TO:

Oracle Process Manufacturing Financials - Version 11.5.9 to 11.5.10.2 [Release 11.5]

Information in this document applies to any platform.

GOAL

How to load and initiate Actual item costs using OPM Costing APIs ?

You would like to run your first Actual Costing process in April 2007.

Note that this means that the initial Costs and onhand quantities must be entered in the Period BEFORE that of the first
transaction to be Actual Costed - in this case in March 2007

SOLUTION

If using the OPM Costing APIs, the flow to initiate Actual Costing would be :

1) The first transactions (Production Batches, Transfers, PO receipts) are recorded in April 2007
2) You must load the OPM Item Costs in March 2007 via API
(You can load these Costs into any Cost Method, but must then use the Copy Costs function to copy them from the
initial Cost Method to the one you have set up for Actual Costing.)
3) Via Apps Forms or OPM Inventory APIs, use Create Immediate transactions with transaction date in March 2007
(very important!) to set up initial onhand quantities.
4) Ensure that the February 2007 OPM Inventory Period is Closed (no transaction, no cost in this period)
5) Preliminary close the Inventory Period March 2007
6) Run the Actual Costing calculation program for April 2007.

The essential thing is to load costs AND inventory balances for March 2007 and then to close March inventory period so
that the first Actual Cost process has proper prior-period balances to work with.

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