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Oracle Fusion SCM Period Close Process|Month End|Costing Period Close
The period close process in Oracle Fusion Supply Chain Management (SCM) involves several steps to ensure all transactions are accounted for and the period is closed accurately. Outline of the typical steps involved in the costing period close process explained in the video, please watch.
Note: No periods in the Inventory & Purchasing modules in the Oracle Fusion
Period-Close Activities in Oracle Fusion SCM
--------------------------------------------
1. Open Current Period
- Ensure that the current period is open to allow transactions to be recorded.
2. Complete Transactions for the Period
- Ensure all transactions related to inventory, procurement, and cost management are completed for the period.
3. Review Pending Transactions
- Review any pending transactions to ensure they are processed, costed and accounted for before the period close.
4. Run Costing Processes: Cost Entry, Rollup & Publish
- Execute the costing processes to calculate and publish costs for the period. This includes cost entry, rollup, and publishing.
5. Run Receipt Accounting Distributions
- Generate receipt accounting distributions to ensure that all receipts are accurately recorded and accounted for.
6. Run Cost Accounting Distributions
- Execute the cost accounting distribution processes to allocate costs to the appropriate accounts.
7. Review Cost Accounting Distributions
- Review the generated cost accounting distributions to verify their accuracy and completeness.
8. Run Inventory Valuation Reports
- Generate and review inventory valuation reports to ensure that inventory balances and values are accurate.
9. Review Period Close Reports
- Review period close reports to ensure all transactions and processes have been accurately recorded and accounted for.
10. Run Create Accounting
- Execute the create accounting process to generate accounting entries for the transactions processed during the period.
Post-Close Activities
1.Open New Period
- Open the new period to allow for the recording of transactions in the upcoming period.
By following these steps, you can ensure that all transactions are accounted for, costs are accurately calculated, and financial reports are accurate and complete for the closed period. This process helps maintain the integrity of financial data and supports effective financial management and reporting.
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#OracleFusionSCM #FusionSCM #OracleFusionSCMOnline #OracleFusionPeriodCloseProcess
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ความคิดเห็น

  • @rajusubramani220
    @rajusubramani220 22 วันที่ผ่านมา

    part 2??

  • @nusrathmubeen4977
    @nusrathmubeen4977 หลายเดือนก่อน

    Than You Very Useful and Helpful and well Explained... Can You Upload More Videos about Absence Management Plan In Maternity and Entitlement and Whole Absence Process and Types it ll be very helpful

  • @namitsingh1237
    @namitsingh1237 2 หลายเดือนก่อน

    How can i get the complete recording??

  • @parvezachhwa
    @parvezachhwa 3 หลายเดือนก่อน

    Awesone

  • @Whatever249
    @Whatever249 3 หลายเดือนก่อน

    AWesome..!!!! Thank you.

  • @jaiminrana-dc7gn
    @jaiminrana-dc7gn 3 หลายเดือนก่อน

    Hello, Your session was quite informative. One request. Can you please share this setup sheet as it will be helpful to get quick idea for setup related task

  • @jogendrachalla-i9h
    @jogendrachalla-i9h 4 หลายเดือนก่อน

    Great Video how is job market in oracle fusion scm in india

    • @sohebrehman5967
      @sohebrehman5967 4 หลายเดือนก่อน

      Great, Oracle SCM is on Boom. If you are from SCM background. You will be able to switch to Oracle Fusion SCM Cloud.

  • @jogendrachalla-i9h
    @jogendrachalla-i9h 4 หลายเดือนก่อน

    hi when is your new batch and how is job market on fusion scm in india

  • @Dubai_Cnu
    @Dubai_Cnu 4 หลายเดือนก่อน

    excellent trainer

    • @TechLeadsIT
      @TechLeadsIT 4 หลายเดือนก่อน

      Thank you for your kind words! We're delighted to hear that you had a positive experience with our trainer. We take pride in our team's expertise and dedication, and it's always rewarding to know when they make a difference. If you have any further feedback or questions, please don't hesitate to reach out. We look forward to seeing you in future sessions!

  • @sheetraval1857
    @sheetraval1857 5 หลายเดือนก่อน

    where is the ans of questions

  • @rounaqzameer9075
    @rounaqzameer9075 5 หลายเดือนก่อน

    How can we get the answers for the questions?

  • @RounaqZameer
    @RounaqZameer 6 หลายเดือนก่อน

    I need your videos how can i approach to you

  • @manaspisipati1337
    @manaspisipati1337 6 หลายเดือนก่อน

    Hello Tech Lead IT, can i request you for those excel documents from SCM EBS and fusion as I have many interviews upcoming next week, and i Have a career gap, so to revise. I currently reside outside India.

  • @chaitanyad-o1c
    @chaitanyad-o1c 8 หลายเดือนก่อน

    Can you please explain the purpose of sold to legal entity in the purchase order page..

  • @sandeeprajagolla4660
    @sandeeprajagolla4660 8 หลายเดือนก่อน

    thx to the team for making this wonderful presentation and delivering to the wide audience.

  • @Sri-q3k
    @Sri-q3k 9 หลายเดือนก่อน

    Hi sir.... We need to create a rule po total more than 200M dollars.. They requested to add new rule this po need to go for approval some other user.... How to configure this rule... I'm financial resource.. But thay assigned me Procurement related tickets

  • @sonik6739
    @sonik6739 9 หลายเดือนก่อน

    Very informative session. Thanks

  • @lavz6279
    @lavz6279 10 หลายเดือนก่อน

    Thankyou so much for the information 😊

  • @rubeenabanushaik-n6q
    @rubeenabanushaik-n6q 10 หลายเดือนก่อน

    Could you please provide the interview questions on OTC and PTP cycle

  • @indrapallodhi8474
    @indrapallodhi8474 10 หลายเดือนก่อน

    Sir can you provide the full video content technical + oic sessions

  • @pramodpatil3079
    @pramodpatil3079 11 หลายเดือนก่อน

    very well explained,Thanks

  • @RM-xd1pt
    @RM-xd1pt ปีที่แล้ว

    Sir where can i get all videos for EBS SCM FUNCTIONAL

  • @abdulo8963
    @abdulo8963 ปีที่แล้ว

    Hello, please can I get fusion financial practice instance ?

  • @pavanvasireddy7631
    @pavanvasireddy7631 ปีที่แล้ว

    Excellent. Very well explained

  • @karthikvarma9757
    @karthikvarma9757 ปีที่แล้ว

    We r lucky to have a person like you sir 💚

    • @RM-xd1pt
      @RM-xd1pt 6 หลายเดือนก่อน

      Hey do you have all recorded videos of this batch?

  • @ChaKshUPrAjaPaTi-h7w
    @ChaKshUPrAjaPaTi-h7w ปีที่แล้ว

    Hey can you please share the pdfs ? It will be a greap help

  • @srinivasavanaganti2346
    @srinivasavanaganti2346 ปีที่แล้ว

    Session is impressed

  • @mpsalman3
    @mpsalman3 ปีที่แล้ว

    Can we get any placement once we complete course

  • @charishmabhavani7132
    @charishmabhavani7132 ปีที่แล้ว

    Can you please tell SCM course

  • @VidyaSagar-gv8fn
    @VidyaSagar-gv8fn ปีที่แล้ว

    Sir is there any continuation video on this topic?

  • @sandeeprajagolla4660
    @sandeeprajagolla4660 ปีที่แล้ว

    overall its fantastic

  • @ranaranvijay3361
    @ranaranvijay3361 ปีที่แล้ว

    Please do conduct on HCM functional as well as technical interview sir as soon as possible

  • @rangamharsha
    @rangamharsha ปีที่แล้ว

    What are the prerequisites to learn Oracle apps

  • @pearlsshiningstar
    @pearlsshiningstar ปีที่แล้ว

    Excellent explanation

  • @pinnamaneniaishwwarya
    @pinnamaneniaishwwarya ปีที่แล้ว

    Oracle HCM Functional interview questions pettandi

    • @satya4415
      @satya4415 7 หลายเดือนก่อน

      Nice

  • @nagarajumididoddi3461
    @nagarajumididoddi3461 ปีที่แล้ว

    Thanks Krishna, for your patience and efforts, really it is a useful session...

  • @lavanyabaludu7290
    @lavanyabaludu7290 ปีที่แล้ว

    Hi plz upload a vedion on mass allocation journal topics, specifically in oracle fusion not in EBS

  • @nithyarethinam7686
    @nithyarethinam7686 ปีที่แล้ว

    Pleaee upload more videos related to oracle hcm.your videos are very useful thanks sir

  • @sankaryadavsiva
    @sankaryadavsiva ปีที่แล้ว

    When Started new bactch

  • @sankaryadavsiva
    @sankaryadavsiva ปีที่แล้ว

    When Started new bactch

  • @sankaryadavsiva
    @sankaryadavsiva ปีที่แล้ว

    Where from sir

  • @akhilkumar8660
    @akhilkumar8660 ปีที่แล้ว

    Anybody want HCM fusion functional videos from scratch and instance (for practice) ping me including materials and resume preparation

  • @adhiraj1000
    @adhiraj1000 ปีที่แล้ว

    What are the charges of training only for procurement module?