Cost Accounting Period Validations

You can use the Manage Cost Accounting Periods task in the Cost Accounting work area to perform validations to ensure that all transactions are complete and accounted for on an ongoing basis and before closing the accounting period.

You can execute the validations one at a time, or all at once. Correct any resulting transaction errors, and rerun validations as needed.

Validations

Perform cost accounting validations for periods that are in status Open, Pending Closed, or Closed. The validations check for the following:

• Completed work orders not closed

• Pending revenue recognition events import

• Pending Interface

• Pending cost processing

• Pending preprocessing

• Pending preprocessing for manufacturing transactions

• Pending create accounting in final mode

• Pending accounting event creation

• Pending accounting overhead rates absorption

• Pending resource rates and standard costs absorption

• Pending preprocessing of trade events

• Pending processing of trade events

• Pending DCOGS transactions

Note: Not all period validations are applicable for all the period statuses.

Purge Prior Validation Errors

The Purge Prior Cost Accounting Process Errors process automatically deletes the validation errors for prior runs of the Validate and Update Cost Accounting Periods and the Create Cost Accounting Distributions processes, resulting in improved page and process performance. The exception details for period end validations are retained only for the most recent run and are subsequently deleted when you close the period. Summary counts against each validation type are available for each period.