Sr.

NO

Transaction Type

Source Module

Accounts

Dr Amount

Cr Amount

Comment

Procure to Pay where receipts are being created. 1 Po Creation Oracle Purchasing Receiving inventory* PO price * Received Qty. This entry will be created for all inventory items and for expense items where we have specified accrual at receipt at the PO shipment level when we create a receipt (CMR). In case for expense items where accrual is at period end, this accounting entries are generated and sent at the end of the month by running the Receipt Accruals - Period-End Proces. All items with a destination type of either Inventory are accrued on receipt. For items with a destination type of Expense, you have the option of accruing on receipt or at period end.

Oracle Purchasing 2 Receiving the material. (c

AP Accrual** 3 Inspection 4 Delivery Oracle Purchasing Charge Account*** Qty Delivered x PO price

PO price * Received Qty. For inventory Item, charge account will be Loose Oil, Packing Material or Finished Goods account as applicable.In applicable.In case of Expense/service items, charge account will be refining charges, transportation charges, Insurance Charges etc. as applicable. Qty Delivered x PO price Qty Matched x PO Price Qty Matched x PO Price Invoice amount or less in case of partial payment Cash Clearing Same as Liability amount

Receiving inventory 5 Invoice Creation Oracle Payables AP Accrual Liability Liability Cash Clearing

6 Payment

Oracle Payables

7 Reconciliation

Cash Management

Cash Clearing Bank Charges

Payment amount Manually entered at the time of payment or payment clearing Payment amount+Bank charges No accounting entries

Cash

8 Rejection of Material

9 Return to Vendor

Oracle Purchasing

AP Accural Receiving Inventory Liabilty AP Accrual

Qty returned x PO Price Qty returned x PO Price Qty returned x PO Price Qty returned x PO Price

10 Debit Memo creation

Oracle Payables

Procure to Pay , for cases where we do not create Receipt/CMR (For e.g. Service Items), In case of two way match Invoice 1 Po Creation 2 Invoice Creation Oracle Purchasing Oracle Payables Charge Account Liability Liability Cash Clearing 4 Reconciliation Cash Management Cash Clearing Bank Charges Payment amount Manually entered at the time of f payment t or payment t clearing Payment amount+Bank charges Qty Matched x PO Price Qty Matched x PO Price Invoice amount or less in case of partial payment Cash Clearing Same as Liability amount -

3 Payment

Oracle Payables

Cash

Procure to Pay , for cases where we do not create PO ( E.g. Telephone Bills) 1 Invoice Creation Oracle Payables Charge Account ( Expense Account) Liability 2 Payment Oracle Payables Liability Cash Clearing

Supplier Invoice Amount Supplier Invoice Amount Invoice amount or less in case of partial payment Cash Clearing Same as Liability amount

3 Reconciliation

Cash Management

Cash Clearing Bank Charges

Payment amount Manually entered at the time of payment or payment clearing Payment amount+Bank charges

Cash

Order to Cash 1 Shipping

Order Mangement

Cost of Goods Sold

Shipment Qty x Source Warehouse Total Item Cost

Via MAC

Charge (Inventory) Account

Via MAC Shipment Qty x Source Warehouse Total Item Cost

2 Sales Invoice

ORACLE Receivables Receivables Debtors)

(Sundry

Inoivce Amount

Revenue

Inoivce Amount

These Entry will be same in case of Debit Memo also. In AR The Accounts are defaulted based on the Auto Accounting Setup. Different Segments of the Account can be picked either from Transaction Type, Item or Customers. Revenue Account will be the Combination of Activity,Location, Product Group and Natural Account.And will default as per the transaction.

3 Receipt

ORACLE Receivables Cash(Bank Account)

Receipt Amount

Credit Memo Amount

Will Debit the Cash Account directly as no Cash Clearing will be used in AR.

Advance from Sundry Debtors 4 Application of Receipt to Invoice ORACLE Receivables Advance from Sundry Debtors Receivables (Sundry Debtors) Order Mangement Cost of Goods Sold Inoivce Amount

Receipt Amount

Inoivce Amount

5 Sales Return

RMA Receipt Qty x Receive Warehouse Item Cost

Via MAC

Charge (Inventory) Account

RMA Receipt Qty x Receive Via MAC Warehouse Item Cost

6 Sales Returns(Credit Memo)

ORACLE Receivables Sales Return Receivables Debtors) ORACLE Receivables Adjustment Activity

Credit Memo Amount (Sundry Credit Memo Amount

7 Invoice Adjustment

Adjustment Amount

This can be the TDS on Rent account, in case of TDS dedcuted on Rent in Tank Farms. Adjustment Amount

Receivables Debtors) Stock Transfer 1 Internal Shipping

(Sundry

Order Mangement

Inter-Org Intransit Inventory ITR Charge (Inventory) Account

Shipment Qty x Ship Organization Item Cost Shipment Qty x Ship Organization Item Cost Receipt Qty x Ship Organization Item Cost+ Transfer Credit Receipt Qty x Ship Organization Item Cost Transfer Credit

Account defined on Shipping Network.

2 Internal Receipt

Purchasing

Inter-Org Receivables

Account defined on Shipping Network.

Inter-Org Intransit Inventory ITR Inter-Org Transfer Credit XFR

Account defined on Shipping Network. This is defined on shipping network. MAC supports pre-defined percentage only.

Charge (Inventory) Account Inter Org Payables Inter-Org Payables

Receipt Qty x Receive Organization Item Cost Receipt Qty Receipt Qty x Ship Ship Organization Item Cost converted to Receive Organization Currency + Transfer Credit Receipt Qty x (Ship Organization Item Cost Receive Organization Item Cost)] + Transfer Credit Account Accoun t defined defined on Shipping Shipping Network Network.

Inter-Org PPV

Account defined on Shipping Network.

Inventory Transactions

Inventory Adjustment (Damages)

Inventory (IC)

Damages

Adjustment Qty x Warehouse Total Item Cost Adjustment Qty x Source Warehouse Total Item Cost Adjustment Qty x Warehouse Total Item Cost Adjustment Qty x Source Warehouse Total Item Cost Transaction Qty x Target Warehouse Total Item Cost Charge Account will be debited for Target Warehouse. If IVV is zero, then no entry is created for it.

Charge Account

Inventory Adjustment (Scrap)

Inventory (IC)

Scraps

Charge Account

Inventory(IC) Direct Inventory Movement using 'Move Immediate'/'Post Journal'

Charge Account

MAC: Inventory Valuation Variance Transaction Qty x (Source IVV Warehouse Total Item Cost Target Warehouse Total Item Cost) Charge Account

Transaction Qty x Source Charge Account will be credited for Warehouse Total Item Cost Source Warehouse. [Transaction Qty x Source Warehouse Total Item Cost] [Transaction Qty x Source Warehouse Total Item Cost] [Transaction Qty x Target ] Warehouse Total Item Cost] [Transaction Qty x Source Warehouse Total Item Cost in Target Company Base Currency] Accounting Entries for Target Company. Here Company refers to OPM company which is equivalent to Operating unit. Accounting Entries for Source Company.

4 Inter-Company Inventory Movement using 'Move Immediate'/'Post Journal'

Inventory(IC)

MAC: Inventory Inter-Company Transfer ICT Charge Account

Charge Account

MAC: Inventory Inter-Company Transfer ICT

MAC: Inventory Valuation Variance [Transaction Qty x (Source IVV Warehouse Total Item Cost in Target Company Base Currency - Target Warehouse Total Item Cost)]

5 Inventory Warehouse Transfers

Inventory (IC)

Charge Account

MAC: Inventory Transfers XFR

[Transaction Qty x Source Accounting Entries for Source Warehouse Total Item Cost] Warehouse. You can cancel a transfer at any time. A reverse entry is created to put the inventory back into the [Transaction Qty x Source source warehouse Warehouse Total Item Cost] [Transaction Qty x Target Warehouse Total Item Cost] [Transaction Qty x Source Warehouse Total Item Cost] Accounting Entries for Target Warehouse.

Charge Account

MAC: Inventory Transfers XFR

MAC: Inventory Valuation Variance [Transaction Qty x (Source IVV Warehouse Total Item Cost Target Warehouse Total Item Cost)] Production Transactions 1 Batch Release

Production Management (PM)

MAC: Inventory Work In Process WIP

[Actual Ingredient Input Qty x (WIP Warehouse Item Material Cost + WIP Warehouse Item Resource Cost)] MAC: Resource Control Account [Actual Ingredient Input Qty RCA x (WIP Warehouse Item Burden Cost + WIP Warehouse Item GL Allocation Cost)] MAC: Inventory Valuation Variance [Actual Ingredient Input Qty IVV x (Consumption Warehouse Total Item Cost - WIP Warehouse Total Item Cost)] Charge Account [Actual Ingredient Input Qty x Consumption Warehouse Total Item Cost] Charge Account [Actual Product Output Qty x Replenishment Warehouse Total Item Cost]

2 Batch Certification/Batch Completion

Production Management (PM)

MAC: Inventory Work In Process WIP

MAC: Resource Control Account RCA

[Actual Product Output Qty x (WIP Warehouse Item Material Cost + WIP Warehouse Item Resource Cost)] [Actual Product Output Qty x (WIP Warehouse Item Burden Cost + WIP Warehouse Item GL Allocation Cost)]

3 Batch Close

Production Management (PM)

MAC: Inventory Valuation Variance [Actual Product Output Qty x IVV (Replenishment Warehouse Total Item Cost - WIP Warehouse Total Item Cost)] MAC: Inventory Work In Process Amount to clear out the WIP WIP generated by all the transactions in RELE and CERT sub-events

There are three reasons why amounts are posted to the close variance: You might get a non-zero close variance if the batch was released in one cost period and the debit to WIP is valued at one cost, but the batch is completed in a later cost period when the credit to WIP for the same quantities is valued at a different cost. This results in a left over balance WIP due to the cost change and must be cleared out. If you select an average actual costing with PMAC, then the costs include period ending balance which results in a variance.

MAC: Batch Close Variance CLS Cost Revaluation 1 Inventory Revaluation /Cost Revaluation

Offset to WIP entry

Cost Management (CM)

Charge Account

[(Prior Period Inventory Balance) x (Current Period Total Item Cost - Prior Period Total Item Cost)]

the posting date for cost revaluation is determined by the GL transaction date stored in the company of OPM MAC Fiscal Policy when the subledger update is run.

MAC: Inventory Revaluation Variance IRV

[(Prior Period Inventory Balance) x (Current Period Total Item Cost - Prior Period Total Item Cost)]

Miscellaneous FA Procure to Pay Cycle

Same as other purchase with receipts. Charge account is Asset clearing account for assets and CIP clearing account for CIP. Oracle Assets Asset Cost Asset Clearing CIP Cost CIP Clearing Asset Cost CIP Cost Depreciation Expense Accumulated Depreciation Invoice Amount Invoice Amount Invoice Amount Invoice Amount CIP Amount CIP Amount Depreciation amount for period Depreciation amount for period Asset Cost A Asset t Cost C t Acc Depr as on date Acc Depr as on date Asset cost - Acc Depr as on date Acc Depr as on date Asset Cost Asset cost - Acc Depr as on date Acc Depr as on date Asset Cost

1 Addition of Asset

2 Addition of CIP

Oracle Assets

3 Capitalization of CIP

Oracle Assets

4 Run Depreciation

Oracle Assets

5 Transfer of Asset

Oracle Assets

Asset Cost - new Asset A tC Cost t - old ld Accumulated Depreciaiton - old Accumulated Depreciaiton - new Net Book Value Retired Accumulated Depreciation Asset Cost

6 Retirement of Asset

Oracle Assets

7 Sale of Asset

Oracle Assets

Net Book Value Retired Accumulated Depreciation Asset Cost

Proceeds of Sale Clearing Proceeds of Sale Cost of Removal Cost of Removal Clearing

Sale amount Sale amount Cost of removal entered during sale Cost of removal entered during sale Sale amount This is a separate transaction in AR. Need to verify that amount is same as entered in FA. Sale amount Cost of removal entered during sale Cost of removal entered during sale This is a separate transaction in AP. Need to verify that amount is same as entered in FA.

Oracle Receivables

Accounts Receivable

Proceeds of Sale Clearing Oracle Payables Cost of Removal Clearing

Liability