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11/10/2019 R12 Oracle E-Business Suite: Multi Org Setup Cont-5
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11/10/2019 R12 Oracle E-Business Suite: Multi Org Setup Cont-5
Encumbrance: An expense account used to recognize the reservation of funds when a purchase order
is approved.
Inventory AP Accrual: The liability account that represents all inventory purchase order receipts not
matched in Accounts Payable, such as the un-invoiced receipts account.
Purchase Price Variance: The variance account used to record differences between purchase order
price and standard cost. This account is not used with the average cost method.
Invoice Price Variance: The variance account used to record differences between purchase order price
and invoice price. This account is used by Accounts Payable to record invoice price variance.
Cost of Goods Sold: The profit and loss (income statement) account that tracks the default cost of
goods sold account.
Sales: The profit and loss (income statement) account that tracks the default revenue account.
Project Clearance Account: When performing miscellaneous issues to capital projects, the project
clearance account is used to post the distributions.
Average Cost Variance: Under average costing with negative quantity balances, this account
represents the inventory valuation error caused by issuing your inventory before your receipts.
Note: For standard costing, only the Purchase Price Variance, Inventory A/P Accrual, Invoice Price
Variance, Expense, Sales and Cost of Goods Sold accounts are required. The other accounts are used as
defaults to speed your set up.
Note: For average costing, only the Material, Average Cost Variance, Inventory A/P Accrual, Invoice
Price Variance, Expense, Sales and Cost of Goods Sold accounts are required. The other accounts are
used as defaults or are not required.
Receiving Information:
Go to Others button and select Receiving Info and enter the values below and click on save button.
Define HR Organization:
Navigation: MCR HRMS > Work Structures > Organization > Description
When we want define any organizations (Operating Units, Inventory Organizations, HR Organizations
etc…) under our Business Group (MCR BG) in Inventory Responsibility again we have set the profile
options for inventory responsibility(MCR INV). Like below screen shots.
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11/10/2019 R12 Oracle E-Business Suite: Multi Org Setup Cont-5
Once we set profile HR: Security Profile for MCR Group at mcr inv system automatically set one more
profile HR:Business Group.
2 comments:
Reply
Hi Chenchi Madireddy,
I have one query while defining Serial Control parameters. I am sorry if this looks so simple, but i still had some confusion...
For 'Serial Control Uniqueness', I see 4 options [ across organizations, within organization, within inventory model and items,
within inventory items ]
1) What could be the exact difference between 'within Inventory model and items' and 'within inventory items'
also
2)
a) Within organization : Enforce unique serial numbers within the current organization.
b) Within inventory items : Enforce unique serial numbers for inventory items.
when we say 'within organization' --> the organization in turn contain inventory items right.... so, are both options (a) and (b)
doing the same thing here ?
(or)
since an organization contain both inventory and expense items, so, are they referring that serial number uniqueness is
applied to both inventory and expense items when they say 'within an organization' ?
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11/10/2019 R12 Oracle E-Business Suite: Multi Org Setup Cont-5
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