PAC Setup & User Manual
Contents
Setup................................................................................................................................................ 2 Setup Needed .............................................................................................................................. 2 Setup Steps .................................................................................................................................. 3 Define an organization cost group .............................................................................................. 4 Creating Periodic Cost Types and Periodic Rates Cost Type ....................................................... 5 Periodic Cost Type ................................................................................................................... 5 Periodic Cost Rate ................................................................................................................... 5 Associating Organization with an Organization Cost Group ....................................................... 6 Org Cost Group Association..................................................................................................... 6 Cost Type Association .............................................................................................................. 7 Periodic Account Assignment ...................................................................................................... 9 Open Periodic Accounting Period.............................................................................................. 10 User Manual .................................................................................................................................. 11 Run request Periodic Acquisition Cost Processor .................................................................. 11 Run request Periodic Average Cost Process .......................................................................... 12 Run request Periodic Cost Distributions Process ................................................................... 13 View Transactions...................................................................................................................... 14 Update Periodic Cost ................................................................................................................. 15
Setup
Setup Needed
Before Setup you must check there is not any on Receiving Quantities for Organizations that will use PAC if yes then Return quantities in prior Period. In order to use Periodic Costing, the following requirements must be met: Only one Master Item Organization exists for each organization cost group. Only one Master Item Organization is recommended per database instance. An organization cost group must be assigned to a single legal entity. A legal entity can contain several organization cost groups. An inventory organization can only be associated with one organization cost group. Frozen and average cost types cannot be used for Periodic Costing. Cost types used for Periodic Costing must be MultiOrg and NonUpdatable. Periodic Rates cost types must be MultiOrg and Updatable. Cost types used for Periodic Costing cannot be disabled. Organization cost groups cannot be disabled. The Actual Cost extension is not allowed for cost derived transactions, WIP Assembly Completion, and WIP Assembly return. Oracle Bills of Material must be installed.
Cost Owned Transactions PO receipt transactions WIP completion transactions Inter-org transfers between cost groups WIP labor/resource transactions Cost Derived Transactions material issues issues to WIP returns to WIP returns from customer returns to vendor (prior period receipts)
Setup Steps
There are six setup steps specific to Periodic Costing: Defining the organization cost group. Creating cost types and periodic rates cost types for use in Periodic Costing. Associating the organization with an organization cost group. Associating the cost type with the legal entity. Setting Accounting Options (Required if using Periodic Cost Distributions). Assigning Periodic Accounts (Required if using Periodic Cost Distributions).
Periodic Cost Processing
The basic steps required to use Periodic Cost processing are: Run the acquisition cost processor Run the Periodic Cost processor Run the distributions processor if necessary Perform any other required activities such as cost copy, item cost inquiry, and Periodic Cost update Run reports. (Rerun processing if required) Close the period Transfer to General Ledger, if desired
Define an organization cost group
From Cost Management Periodic Costing Setup Organization Cost Group
Create new Org Cost Group and Item Master Organization
Creating Periodic Cost Types and Periodic Rates Cost Type
From Inventory Vision Operations (USA) Setup Costs Cost Types For every cost group create Periodic cost Type and Periodic Rate Cost Type Periodic Cost Type
Must Be Multi-Org& Available To Engineering to be Checked and Allow Updates Unchecked. Periodic Cost Rate
Must Be Multi-Org and Available To Engineering and Allow Updates to be Checked .
Associating Organization with an Organization Cost Group
From Cost Management Periodic Costing Setup Org Cost Group/ Cost Type Association. 1st choose legal entity
Org Cost Group Association Then Add Organizations in this Legal Entity will make on PAC in tab Org Cost Group Association
Cost Type Association Cost Type BA_PCT Cost Method Periodic Average Ledger Bayanat SOB ledger Periodic Rates Cost Type BA_PCRT Material Relief Algorithm Use Actual Materials Others Unchecked
Accounting Options Check Creating Accounting Entries Accounting Library US GAAP Check Post Entries to GL Transfer to GL Interface In Detail
Periodic Account Assignment
Cost Management Periodic Costing Setup Periodic Account Assignment To create Inventory Account that will use in PAC it instead of category Account It must define all categories Account
Open Periodic Accounting Period
Before opening 1st period you must check there is not any on Receiving Quantities for Organizations used PAC if yes then Return quantities in prior Period. Cost Management Periodic Costing Periodic Close Cycle Periodic Accounting Periods
Choose starting period that status is Future and press Change Status You cannot open period and there is an Open period
User Manual
Run request Periodic Acquisition Cost Processor
The acquisition cost processor processes all receipt transactions that take place within a period for a particular cost group and cost type. From Cost Management Periodic Costing Periodic Average Costing Periodic Acquisition Cost
Run request Periodic Average Cost Process
From Cost Management Periodic Costing Periodic Average Costing Periodic Cost Process
The Periodic Cost processor calculates the Periodic Cost for all asset items in asset subinventories
Run request Periodic Cost Distributions Process
From Cost Management Periodic Costing Periodic Average Costing Periodic Distribution
The Periodic Cost distributions processor uses the accounts set up in Periodic Account Assignment to create accounting entries (distributions) which are copied to the manufacturing SUBLEDGERS.
View Transactions
To see all transactions material and receiving for cost group Organizations
Update Periodic Cost
To make starting periodic cost
Item Cost Inquiry
Cost Management Item Cost Inquiry
