Create Cost Distributions in a Period that is in the Future Enterable Status in GL

Typically, you might close the General Ledger (GL) period a couple of days later than the Cost Accounting subledger period close. As a result, the GL will be open for the current period but in Cost Accounting you might have opened the next period. Prior to this update, you could create cost accounting distributions only in the GL period with the Open status.

You can now process transactions and create cost accounting distributions when the GL period is in the Future Enterable status. This helps you to continue with your GL closure process for the current period while in Cost Accounting you process and cost supply chain transactions for the next period.

While the GL period is in the Future Enterable status, you can run the Create Cost Accounting Distributions process in Cost Accounting, but posting the transactions to GL will be performed only after the GL period is in the Open status.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

• The cost accounting period must be closed before closing the corresponding GL period.

• It is recommended to run the Create Accounting process for the Cost Accounting subledger only after the corresponding GL period is set to the Open status.

• As a best practice, keep only one Cost Accounting period open at a time. Don't have multiple costing periods open at the same time.

Key Resources

• Oracle Fusion Cloud SCM: Using Supply Chain Cost Management Guide, available on the Oracle Help Center

Access Requirements

Users who are assigned a configured job role that contains this privilege can access this feature:

• Create Cost Distributions (CST_CREATE_COST_DISTRIBUTIONS)