Redwood: Create and Edit Cost Books Using a New User Experience

You can now create and edit cost books that are used for inventory transaction accounting using Redwood pages.

A cost book sets the framework within which accounting policies for items can be defined. A cost organization must have one primary cost book that's associated with the primary ledger of the legal entity to which the cost organization belongs.

With the new Redwood page for Cost Books you can perform these tasks:

  • View all accessible cost books, along with details indicating whether periodic average cost is enabled, in a single view. 
  • Personalize your view by using the Customize Columns feature.
  • Modify or delete existing cost books.
  • Effortlessly navigate between related setup pages.

Cost books page

Cost books page

Click on the Add (+) button to define new cost book. 

Create a new cost book

Create a new cost book

Edit or Delete a cost book using the actions button

Edit or Delete a cost book using the actions button

Steps to Enable

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

Tips And Considerations

  • In the Setup and Maintenance work area, the Redwood version of the Cost Books page is enabled by default in this update, but the existing version of the Manage Cost Books page is still available in the Manufacturing and Supply Chain Materials Management offering. You should move to the Redwood version of the page at your earliest convenience, because the existing version of the page will be removed from the application in a future update.
  • You can provide guidance such as tutorials, company policies, and best practices in the context of cost organizations using guided journey tasks page feature. 
  • To ensure smooth operations, avoid opening or using the existing UI and the Redwood page in separate tabs.
  • If you enable Periodic Average Cost, then you can’t disable it after the cost book is associated with a cost organization using the Manage Cost Organization Relationships task.
  • Cost books can be utilized across multiple cost organizations, eliminating the need to create a new cost book for each new cost organization.

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 Book (CST_MANAGE_COST_BOOK)