Redwood: Review Cost Accounting Processes

You can now review and resolve errors that occur when you run the create cost accounting distributions process from the new Redwood page for Cost Accounting Process Errors. It provides detailed information about each error and helps you take corrective actions to ensure accurate cost accounting and financial reporting.

You can review error data only for the cost organizations you've access to.

Review Error Summary

You can filter and review the details of the errors. The errors are categorized in two different sections:

  • Cost Processing Errors – Identifies errors that occurred during cost processing. You can review and resolve these errors to ensure costing and accounting balances are accurate.

  • Period End Validations – Identifies errors that have an impact on period closure. Key errors include completed work orders not closed, pending preprocessing, cost processing etc. 

You can view all the errors based on the search criteria and filters and view more details about the message by clicking on the message link. The page also provides you with the number of transactions that contributed to a particular error. You can click the number to review the details of these transactions.

Cost Accounting Process Errors page

Cost Accounting Process Errors page

Review Transaction Details

You can review the transactions that contributed to a particular error. For cost processing errors you can also view costing information for each transaction to quickly triage the issue. You can also download all the errors in a spreadsheet for offline review.

Transaction Details for the particular error

Transaction Details for the particular error

Some of the benefits of this feature include:

  • Improved Efficiency: Quickly identify and resolve errors and warnings to ensure accurate financial reporting.
  • Better User Experience: Intuitive search, filtering, and navigation reduce manual effort and increase productivity.
  • Seamless Navigation from Other Pages: Easily access the page from run control and cost accounting periods page, ensuring a smooth workflow and reducing time spent switching between screens.

Steps to Enable

  1. In the Setup and Maintenance work area, search for and select the Manage Administrator Profile Values task.
  2. On the Manage Administrator Profile Values page, search for and select the ORA_CST_REVIEW_COST_ACCOUNTING_PROCESSES_REDWOOD_ENABLED profile option code.
  3. In the Profile Values section, set the Site level to Yes. The default value is No.
  • Yes = enables the feature
  • No = disables the feature
  1.  Click Save and Close. Changes in the profile value will take effect the next time you sign in.

After you've set the profile value correctly, the task pane under Cost Accounting would show the task menu link as Cost Accounting Process Errors. Using this link, you can access the Redwood page.

Tips And Considerations

  • Navigate to this page directly with the filters carried forward form the Cost Processing Run Control page and the Cost Accounting Periods page. 
  • You can provide guidance such as tutorials, company policies, and best practices in the context of the page using guided journey tasks.
  • Always review the latest run of the cost processor for resolving errors. Transaction details are only available for latest run of the create cost accounting distributions process.

Key Resources

  • Oracle Fusion Cloud SCM: Implementing Manufacturing and Supply Chain Materials Management Guide, available on the Oracle Help Center.
  • Oracle Fusion Cloud SCM: Using Cost Management Guide, available on the Oracle Help Center.

Access Requirements

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

  • Manage Cost Processor Error (CST_MANAGE_COST_PROCESSOR_ERRORS)
  • Manage Cost Processor errors by Web Service (CST_MANAGE_COST_PROCESSOR_ERRORS_WEB_SERVICE)