Purchase Order Change Orders in Prior Periods

Generate accounting entries automatically for change orders to purchase orders that were created in a prior period or prior fiscal year. When you create a PO change order for a U.S. Federal ledger to modify the quantity, price, or Code Combination ID (CCID) in a subsequent budget and accounting period or fiscal year, the accounting entries are generated for the net change in the current period as required by USSGL guidance and budget balances are updated in a matching budget period.

The business benefit includes meeting USSGL accounting standards for Purchase Orders (POs)

Steps to Enable

U.S. Federal Financials must be enabled. The Default Date Rule in Manage Budgetary Control must be set to System.

Key Resources

• For more information on this feature, refer to the Implementing U.S. Federal Financials and Using U.S. Federal Financials guides.

Access Requirements

Use the following roles:

• Financial Application Administrator job role
• Procurement Requestor job role