Product Costing To Inventory Valuation Flow Script

Product Costing to Inventory Valuation
Flow Script High Technology - Consumer Electronics Oracle E-Business Suite Release 12.1
This document provides step-by-step instruction coinciding with the Product Costing to Inventory Valuation business flow. It may be useful for validation of this specific transaction; therefore the steps should not bemodified.
Copyright 2006, 2010, Oracle. All rights reserved.

The recommended sequence for flow script testing of the Design to Release Business Process is:
Demand to Build - Discrete Flow Script Sequence

When implementing the Demand to Build - Discrete flows alone, the flow scripts should be executed in the sequence depicted below. ID Flow Grp. I Grp. II Dependency/ Prerequisite A Design to Release Yes None B Forecast to Plan Advanced Yes None C Yes None Service Parts Forecast to Plan D Yes None Buy/Sell Sub-Contracting to Receipt E Plan to Schedule Yes B F Schedule to Build Discrete Yes Note: The following flows from Procure to Pay flow family needs to be executed: Requisition to Receipt None None
G H
Product Costing to Inventory Valuation Nonconformance to Disposition
Yes Yes
ID I
Flow Initiate Corrective Action to Implement
Grp. I
Grp. II Yes
Dependency/ Prerequisite F Note: The following flows from Order to Cash flow family also needs to be executed: Order to Shipment
Business Scenarios Test Sequences

Test Status: Draft, Review, Success, and Defective
Tests 00 10 Test Name Test Specification - Prerequisite steps Test Specification Product Costing Tester1 Tester2 Tester3 Date Notes
Assumptions
It is assumed that this test will be executed once with components for Organization: 101 It is assumed that all setups have been completed.
Typographic Conventions
This section contains the legend for common abbreviation used throughout the script Abbreviations Meaning (B) Button (T) Tab (ST) Sub Tab (L) Link (N) Navigation (M) Menu (I) Icon > Continue Navigation
00 Test Specification - Prerequisite Steps

Attention: Standard Costing only will be used throughout this test.
Business Process: Define Costing Methods
Business Flow: Pre-requisite steps for Product Costing to Inventory Valuation
Summary Process: Prerequisite
Event:
Description: Create on-hand stock performing miscellaneous receipts
Step #
Process Step Description Logon to Oracle Inventory
Path and Action
Input Data
Expected Results
Actual Results
00.00
Navigate to Oracle Applications Forms login
Username : COSTACCOUNTANT
A list of Responsibility choices are displayed
Password: welcome
Enter username and password
Click (B) Go
00.01
Select a Responsibility
Responsibility : Inventory
The main menu for Inventory will display
Step #
Process Step Description Enter miscellaneous transaction
Path and Action
Input Data
Expected Results
Actual Results
00.02
(N) Inventory >Transactions > Miscellaneous Transaction
Org : 101
Miscellaneous Transaction form is displayed
Date : (Defaults) Type : Account Alias receipt Source : INV ADJ Click (B) Transaction Lines
Miscellaneous Receipt form should display
Enter Line 1 details
Item : 755005
Subinventory : FLRSTK Quantity : 50 Enter Line 2 details Item : 755007 Enter Line 3 details Subinventory : FLRSTK Quantity : 50
Step #
Process Step Description
Path and Action
Input Data
Expected Results
Actual Results
Item : 755006 Click (I) Save Subinventory : FLRSTK Close form Quantity : 50
On hand quantity now exists for these items. 00.03 00.04 Exit Oracle Applications Create a PO and Receive the item (Perform this step only when testing scenario for Purchase Price Variance (FM0520)) (M) File > Exit Oracle Applications Navigate to Oracle Applications Forms login Username: PROCMANAGER Password: welcome Enter username and password Oracle E-Business Suite page is displayed. A selection of Responsibilities is displayed.
00.05
Click (B) Go Select appropriate responsibility
Responsibility : OUNAME Purchasing Super User
Purchasing Super User menu is displayed.
Step #
Process Step Description Create a Standard Purchase Order for the Cost Item
Path and Action
Input Data
Expected Results
Actual Results
00.06
(N) OUNAME Purchasing Super User > Purchase Orders > Purchase Orders
Purchase Orders form is displayed.
Create Standard Purchase Order page is displayed.
00.07
Enter PO Header
Enter Purchase Order Header details
Operating Unit:OUNAME Type: Standard Purchase Order
Supplier site and contact information should default.
Supplier: ADVANCED DEVICES
Site: SANTACLARA Description: PO for Testing Purchase Price Variance
Default Ship-To Location: MFG/DC
Step #
Path and Action
Input Data
Expected Results
Actual Results
Bill-To Location: HQ
Click (I) Save Purchase Order is saved. Note Purchase Order # 1 Item description, category should default.
00.08
Enter PO Line Inventory Item
Click (T) Lines
Type: Goods Item: 755005 Quantity: 1 Price: 200
Need-By:
Step #
Path and Action
Input Data
Expected Results
Actual Results
<Tomorrows Date >
00.09
Click (B) Shipments
Click (T) More
Match Approval Level: 3 way
Invoice Match Option: PO
Receipt Routing: Direct Delivery Click (B) Receiving Controls
Click (B) OK
Click (B) Distributions Click on PO Charge Account field Charge Account should
Step #
Path and Action
Input Data
Expected Results
Actual Results
default.
00.10
Save Purchase Order
Click (I) Save Close the Distributions and Shipments forms. (B) Approve
00.11
Approve Standard PO
Email: unchecked
Approval Form is displayed.
Approved Standard PO is displayed.
(B) OK Note the PO Number (Purchase Order # 1) Close form and Exit Oracle Applications
10 Test Specification Product Costing

Business Process: Gather Costing Information (FM0518) Business Flow: Product Costing to Inventory Valuation Summary Process: Product Costing
Event:
Description: Create Standards Gather costing information to track cost of production
Step #
Path and Action
Input Data
Expected Results
Actual Results
10.00
Username: COSTACCOUNTANT
Password: welcome
Click (B) Go
10.01
Select a Responsibility
Responsibility: Inventory
The main menu for Inventory will display
Step #
Process Step Description Create a new item by copying from an existing item.
Path and Action
Input Data
Expected Results
Actual Results
10.02
(N) Inventory > Items > Master Items
Org: 100
Create new Item:
Item: CSTITEM Master Item form displayed Description: Cost testing item
Item copied Copy from template: Transaction complete, record saved
(M) Tools > Copy From
Template: OA FINISHED GOOD
Click (B) Apply
Click (B) Done
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (I) Save
10.03
(M) Tools > Organization Assignment
Item successfully assigned to inventory org
For Org: 101& 301 Click (I) Save Close Master Item form Set Assigned: Checked Inventory main menu is displayed
10.04 10.05
Switch responsibility Copy existing bill
(M) File > Switch Responsibility (N) Bills of Material > Bills > Bills
Responsibility: Bills of Material Org: 101
The description will default in
Item: CSTITEM
(M) Tools > Copy Bill from
Copy from Bill: Org: 101 (Defaults) Item: 752001
Click (B) Copy
A Note will appear explaining that all the components from 752001 were copied to the CSTITEM bill.
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (B) OK Click (I) Save
10.06
Copy routing
Close Bills of Material form (N) Bills of Material > Routings > Routings
Org: 101 (Defaults) Item: CSTITEM
The description will default in.
Copy From: (M) Tools > Copy Routing from Org: 101 (Defaults) Item: 752001 Click (B) Copy Click (B) OK Click (I) Save A note will come up explaining that the operations and resources were copied successfully.
Close Routings form
Exit Oracle Applications
Attention: The following must be completed before any transactions are done. Once transactions are completed, the Frozen Cost can only be updated by running a Cost Update program from another cost type.
Business Process: Rollup Costs (FM0901) Event:
Business Flow: Product Costing to Inventory Valuation
Summary Process: Product Costing
Description: Create and Update Frozen Cost for Purchased Material. Perform Assembly Cost Rollups and Cost Updates for Manufactured Material.
Step #
Path and Action
Input Data
Expected Results
Actual Results
11.00
Username: COSTACCOUNTANT
Password: welcome
Click (B) Go Switch responsibility Select a Responsibility 11.01 Enter Item Cost
Responsibility: Cost Management
(N) Cost Management > Item Costs > Item Costs
Org: 101
Find Item/Cost Type form is displayed
Step #
Path and Action
Input Data
Expected Results
Actual Results
Item: CSTITEM Item Costs Summary form is displayed Click (B) Find
With your cursor on the Frozen Cost Type line Click (B) Open to access Item Costs detail
Item Costs detail form is displayed
11.02
Add Overhead Costs.
Click (B) Costs
Cost Element: Overhead Sub-Element: FACILITY
Basis: Item Rate or Amount: 75
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (I) Save
Overhead cost for the item is applied The material and resource costs will be rolled up through cost rollup.
Close Item Cost form
Item Costs Detail form is displayed
11.03
At the Item Costs Details form, review details of the Frozen standard cost set above
Note the elements displayed individually, then totaled into the Unit Cost field
11.04 11.05 11.06
Close all forms Roll up Pending Assembly cost: Run Assembly Cost request
(M) File > Switch Responsibility
Responsibility: Bills Of Material
Routings > Routings
Org: 101
Step #
Path and Action
Input Data
Expected Results
Actual Results
Query for Item CSTITEM Review output to ensure successful completion
(M) Tools > Rollup Cost Cost Type: Pending Click (B) OK Click (B) OK Concurrent request for cost rollup is submitted.
Review Request
(M) View > Requests > Find
Request Name: Supply Chain Cost Rollup - Print Report
Rollup should complete without error
Click (B) View Output 11.07 Review details of the Pending standard cost set above M) File > Switch Responsibility Responsibility: Cost Management Org: 101 (N) Cost Management > Item Costs > Item Costs
Cost Rollup details and Total Standard Cost are displayed in the report.
Step #
Path and Action
Input Data
Expected Results
Actual Results
Item: CSTITEM
Click (B) Find
Note the elements displayed individually, then totaled into the Unit Cost field
With your cursor on Pending cost: Click (B) Open Notice the cost have changed significantly from before, i.e. Item Costs entered for Cost Type: Frozen through Step # 11.02.
Click (B) Costs
You will receive a warning that you cannot update this cost type through this form anymore.
Click (B) OK
Notice that the Material and Resource Costs have been rolled up into the new Item Costs.
Step #
Path and Action
Input Data
Expected Results
Actual Results
Close all forms
11.08
Submit Standard Cost Update program
(N) Cost Management > Item Costs > Standard Cost Update > Update Costs
Parameters: Cost Type: Pending Adjustment Account: 10.907.504300.00.000.000 00 Description: Set New Standard Cost Item Range: Specific Item Sort Option: Item Update Option: Overhead, resource, activity, and item costs Specific item: CSTITEM Accept all other defaults
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (B) OK
Click (B) Submit Make sure all requests for cost update complete normally before proceeding
Click (B) No when prompted to submit another request
Close Form
11.09
Review Frozen Standard Cost
(N) Cost Management > Item Costs > Item Costs
Org: 101 (Defaults)
Step #
Path and Action
Input Data
Expected Results
Actual Results
Item: CSTITEM Find your Item Your Item is displayed on Item Costs Summary form
Click (B) Find Scroll across the form and notice that the Pending cost and the Frozen cost now are the same.
Close Form
Business Process: Review Cost Information (FM0520) Event:
Description:
Review all cost information for accuracy and reliability

Review Purchase Price Variance Review WIP job close variance
Step #
Process Step Description Switch responsibility Enter miscellaneous transaction
Path and Action
Input Data
Expected Results
Actual Results
12.00 12.01
(M) File > Switch responsibility (N) Inventory >Transactions > Miscellaneous Transaction
Responsibility: Inventory Org: 101 Date: (Defaults) Type: Account Alias receipt Source: INV ADJ
Inventory main menu is displayed Miscellaneous Transaction form is displayed
Miscellaneous Receipt form should display
Click (B) Transaction Lines Item: CSTITEM Revision: A Subinventory: FLRSTK
Step #
Path and Action
Input Data
Expected Results
Actual Results
Quantity: 100
Click (I) Save
On hand quantity of 100 now exists for this item.
Close form
12.02 12.03
Switch responsibility Run Inventory Value Report
(M) File > Switch responsibility (N) Cost Management > Report >Value
Responsibility: Cost Management Org: 101
Cost Management main menu is displayed
Select Single Request radio button Click (B) OK Name: Inventory Value Report - by Subinventory
Parameters: Cost Type: Frozen (should default) Item From: CSTITEM Item To: CSTITEM
Step #
Path and Action
Input Data
Expected Results
Actual Results
Subinventory From: FLRSTK Subinventory To: FLRSTK Currency: USD Exchange Rate: 1 Quantities by Revision: Yes Accept remaining defaults
Note the request #
Click (B) OK
Click (B) Submit
Click (B) No when prompted to submit another request Process should complete without
Step #
Path and Action
Input Data
Expected Results
Actual Results
error View your request to ensure proper completion (M) View>Requests > Specific (request # noted above) Review Report output. Click (B) Find Observe that Total Valuation of subinventory FLRSTK is equal to unit cost of item CSTITEM times the current on-hand qty of this item in this subinventory. Cost Management main menu is displayed
Click (B) View Output 12.04 Close all forms Exit Oracle Applications
12.05
Receive the item to test the scenario for Purchase Price Variance (FM0520))
Username: PROCMANAGER Password: welcome
Oracle E-Business Suite page is displayed. A selection of Responsibilities is displayed.
12.06
Click (B) Go Select appropriate responsibility
Responsibility: OUNAME Purchasing Super User Organization: 101
Purchasing Super User menu is displayed. Find Expected Receipts form is displayed
12.07
Enter Receipt with Direct Delivery
(N) Receiving > Receipts
Step #
Path and Action
Input Data
Expected Results
Actual Results
12.08
(T) Supplier and Internal
Purchase Order Number: <Purchase Order # 1>
(B) Find
Receipt Header form is displayed.
Close Receipt Header form 12.09 Check the box to the left of first line for item to be received Subinventory: FGI Locator: A.1.20. Click (I) Save Routing is Direct Delivery Receipts form is displayed. Selected line is highlighted
Click (B) Header
Note Receipt #1: Close form(s) _________________
12.10
Inspect Goods
(N) Receiving > Receiving Transactions Summary
Purchase Order Number: <Purchase Order # 1>
Step #
Path and Action
Input Data
Expected Results
Actual Results
Receiving Transactions form is displayed Click (B) Find
12.11
Click (B) Transactions
Receipt Transactions Summary form is displayed. Since the routing is Direct Delivery, the receipt transaction will have 2 lines, one each for Receive & Deliver.
Verify that there are 2 transaction types - Receive and Deliver.
12.12
With your cursor on Receive Transaction Type line
Step #
Path and Action
Input Data
Expected Results
Actual Results
Tools> View Accounting
Accounting Transaction Details gets displayed.
12.13 12.14 Review Purchase Price Variance.
Close all forms and Exit oracle Applications Navigate to Oracle Applications Forms login
Username: COSTACCOUNTANT Password: welcome
Click (B) Go
12.15
12.16
Select a Responsibility (N) Cost Management > View Transactions > Material Transactions Enter Details
Organization: 101
Find Material Transaction(s) Screen displays
Item: 755005
Click (B) Find
Material Transactions Screen Displays
Material Transactions
Step #
Path and Action
Input Data
Expected Results
Actual Results
Distributions Screen Displays Click (B) Distributions Click in Type and verify the Purchase Price Variance
12.17
The variance amount should be the difference between the Item Cost and the Purchase Order Price. This details get recorded in the Purchase Price Variance Account
12.18 12.19
Close all forms and Logout

Review WIP job close variance Navigate to Oracle E-Business Suite (Url: http://<host>:<port>/) Oracle Application Rapid Install page is displayed
Enter the Username and Password
Username: SHPFLRMANAGER Password: welcome
Click (B) Login
Step #
Path and Action
Input Data
Expected Results
Actual Results
Responsibility=
Select appropriate responsibility

12.20 Manually create a Discrete Job (N) Work in Process > Discrete > Discrete Jobs
Work In Process Org: 101 Find Discrete Job screen is displayed
12.21
Click (B) New
Discrete job form is displayed
12.22
Navigate from Job field to Type field to accept next sequential job #
Type: Standard Assembly: CSTITEM Class: DISCRETE Status: Unreleased Quantities Start: 30 Dates Start: Todays Date
Job created
Record Job #:
(This will be referred to as

<Job #1>)
Note job completion date is populated Click (I) Save
12.23
Release the Discrete Job
(N) Tools > Change Status 1
Click on the Radio Button
Status field in the Discrete Jo
Step #
Path and Action
Input Data
Expected Results
Actual Results
corresponding to Released and Click (B) OK.
Form changed to Released
Click (I) Save
Job is Saved with Status as Released
Close Discrete Job form Close Discrete Job Summary form
12.24
12.25
(N) Work in Process >Job/Schedule Details >Materials Requirements Enter Job Number
Job: Job #1
Material Requirement of all the component gets displayed
Click (B) Find Change Quantity Required of 755005 to 50 12.26 Click (T) Quantities Click (T) Supply
Choose Items 755005, 755006, 755007 and change Supply Type
Type: Operation Pull Subinventory: FLRSTK
Step #
Path and Action
Input Data
Expected Results
Actual Results
12.27 12.28
12.29
Click Save Close Materials Requirements form (N) Work in Process >Job/Schedule Details >Operations Enter Job Number
Job: Job #1
Operation screen displays
Click (B) Find
Click (T) Main and add an operation 12.30 Click (B) Resources
Seq: 40 Department: PACKING Res Seq: 10 Resource: LBR-PACK Basis: Item Value: 1 Inverse: 1
Click (I) Save Close all forms (N) Work in Process > Move Transactions > Move Transaction
12.31
Move the Discrete Job
Step #
Path and Action
Input Data
Expected Results
Actual Results
12.32
Enter Job No. and press Tab
Job: < Job#1> Move Transaction form is displayed
12.33
Enter Parameters for Move transaction for job
Transaction Type: Move Operations Seq From: 10 Step: Queue Operations Seq To: 20 Step: To Move Transaction Quantity: 30
12.34
Click (B) Save Enter Job No. and press Tab
Job: < Job#1>
12.35
Transaction Type: Move Operations Seq From: 20 Step: To Move Operations Seq To: 30
Step #
Path and Action
Input Data
Expected Results
Actual Results
Step: To Move Transaction Quantity: 30
12.36
Click (B) Save Enter Job No. and press Tab
Job: < Job#1>
12.37
Transaction Type: Move Operations Seq From: 30 Step: To Move Operations Seq To: 40 Step: To Move Transaction Quantity: 30
Click (B) Save Close all Forms (N) Work in Process > Material Transactions > Completion Transactions Enter job #: <Job # 1> Click (B) Continue WIP Assy Completion form is
12.38
Move Completed Assemblies to Stock
Completion form is displayed
Step #
Path and Action
Input Data
Expected Results
Actual Results
displayed 12.39 Enter the completion details Subinventory: FGI Locator: A.1.20 Click (B) Done Quantity: 30 WIP Completion transaction complete
12.40
E-Signature Approval Process
Click (B) Done
Following Message is displayed: Processing record 1 of 1 Navigate to HTML Application to approve the request. Once You have finished the approval process, press OK to proceed with the transaction
Oracle E-Records approval form (HTML Page) is displayed with list of Signers. (For the first Item) Signer = Quality, Engineer Status = Pending E-Signature Event HTML page displayed with the following
12.41
Click on the Person Tick icon in Sign Column
Step #
Path and Action
Input Data
Expected Results
Actual Results
heading E-signature Event: WIP Job Assembly Completion, E-record ID: XXXX for Job / Transaction Type: <Job #01>/ WIP Assy Completion
The inspection Details are listed below each other 12.42 Scroll down the page and Enter Response I have Read the e-Record = Yes Signing Reason = None Signer Comment = Approved 12.43 Click (B) Approve A notification Signing page is displayed requesting the approved to enter his user ID and password User Name = QAMANAGER Password = welcome 12.45 Click on (B) Sign Confirmation Page displayed with the following Message Required e-signatures have been obtained for this business transaction. Click Apply to complete the e-signature Confirmation Page displayed with the following Message
12.44
Navigate to User Name and Password and input
12.46
Click on (B) Apply
Step #
Path and Action
Input Data
Expected Results
Actual Results
The signature process is complete 12.47 12.48 Check for Pending Resource Transactions Click on (B) OK (M) Work in Process > Resource Transactions > Pending Resource Transactions Note If the job number does not exist in LOV or if no data is fetched after clicking Find then that means there is no Pending Transactions against the job order Job and Schedule Name = < job # 1 >
Enter the Job Number Click (B) Find
Pending Transactions are displayed

Click (M) Tools >Select All for Resubmit Pending Transactions will be Resubmitted Close Pending Resource Transaction Screen Note: If the form doesnt allow to re submit the Pending Transactions then user is requested to refer & execute additional steps, detailed in Article ID # 234027.1, before proceeding further. Parameters for Close Discrete Job concurrent process appear From Job: Job #1 To Job: Job # 1
12.49
Close WIP Jobs
(N) Work in Process > Discrete > Close Discrete Jobs > Close Discrete Jobs (SRS)
Step #
Path and Action
Input Data
Expected Results
Actual Results
Report Type: Detail using actual completion quantity
Status: Complete Accept all other defaults Click (B) OK Click (B) Submit
Click (B) No when prompted to submit another request Request Name: Close Discrete Jobs (M) View > Requests > Find Verify that the concurrent request completes normally.
12.50
View Discrete Job valuations
(M) Discrete > WIP Value Summary Enter job: <Job # 1>
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (B) Find

Click (B) Value Summary WIP Value Summary Screen Displays. Verify the Variances Relieved Field for the variance in the cost elements
Close all forms and Exit Oracle Applications
Business Process: Manage Standard Product Cost Definition (FM0522) Event:
Description: Calculating and updating Purchased and Manufactured Standard product costs. Update Cost for Purchased Materials. Perform Assembly Cost Rollups and Cost Updates for Manufactured Materials
Step #
Process Step Description Set New Standard Cost for Item
Path and Action
Input Data
Expected Results
Actual Results
13.00
Username: COSTACCOUNTANT Password: welcome
Click (B) Go
13.01
Select a Responsibility (N) Cost Management > Item Costs > Item Costs
Org: 101
Find Item Costs form is displayed
Item: CSTITEM Enter Item
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (B) Find
Item Costs Summary is displayed
With cursor on the Pending Cost Type line, Uncheck the Use Default Controls checkbox (if Checked) Click (B) Open to access Item Costs detail
Item Cost Details form is displayed
13.02
Modify Overhead Costs
Click (B) Costs Modify Overhead Cost for one of the sub-element Cost Element: Overhead Sub-Element: FACILITY Rate or Amount: 85 FACILITY cost is increased by 10 units
Click (I) Save
Close all forms
13.03
Submit Standard Cost Update program
(N) Cost Management > Item Costs > Standard Cost Update > Update Costs
Parameters: Cost Type: Pending
Step #
Path and Action
Input Data
Expected Results
Actual Results
Adjustment Account: 10.907.504300.00.000.00000 Description: New Standard Cost for CSTITEM Item Range: Specific Item Sort Option: Item Update Option: Overhead, resource, activity, and item costs Specific item: CSTITEM Accept all other defaults
Click (B) OK
Click (B) Submit
Note request id:
Step #
Path and Action
Input Data
Expected Results
Actual Results
Click (B) No when prompted to submit another request
Make sure all requests submitted for cost update complete normally before proceeding
Close Form 13.04 Review the new standard product cost for the item from the relevant cost information. (N) Cost Management > Item Costs > Standard Cost Update> View Cost History Item: CSTITEM Click (B) Find Standard Cost History form is displayed
13.05
Click (T) Cost Update Click (T) Cost Element
Review the Cost Update and Cost
Step #
Path and Action
Input Data
Expected Results
Actual Results
Element sections to verify cost update information Verify that the cost have updated correctly Cost Management main menu is displayed
13.06
Close all forms
Attention: Sub-Inventory is revalued for future transactions when standard costs are updated, or when on-hand quantity is updated as a result of some inventory transactions, cycle counts, physical counts, etc.
Business Process: Revalue Inventory (FM1828) Event:
Description: Revalue inventory for standard cost errors, or major changes, which may result from cycle counts, physical inventory, etc.
Step #
Process Step Description Run the Inventory Value Report
Path and Action
Input Data
Expected Results
Actual Results
14.00
(N) Cost Management > Report >Value
Select Single Request radio button Click (B) OK
Name: Inventory Value Report - by Subinventory
Parameters: Cost Type: Frozen (should default)
Step #
Path and Action
Input Data
Expected Results
Actual Results
Item From: CSTITEM Item To: CSTITEM Subinventory From: FLRSTK Subinventory To: FLRSTK Currency: USD Exchange Rate: 1 Quantities by Revision: Yes Accept remaining defaults
Click (B) OK Click (B) Submit Note the request #
Click (B) No when prompted to
Step #
Path and Action
Input Data
Expected Results
Actual Results
submit another request (M) View >Requests > Specific (request # noted above) Click (B) Find Review Report output. Observe that Total Valuation of subinventory FLRSTK has increased by increase in unit cost of item CSTITEM times the current on-hand qty of this item in this subinventory.
Click (B) View Output
14.01
Close all forms
Additional Scenario: Demonstrate Iterative Periodic Average Costing

Attention:The following section is OPTIONAL. This section may be executed optionally if you are using Periodic Average costing method in addition to mandatory perpetual costing system i.e. Standard Costing/ Average/LIFO/FIFO. Iterative Periodic Average Costing (IPAC) is an alternative approach to standard periodic average costing and differs in the method of valuating the interorganization transfers across cost groups. It is applicable where the standards of cost absorption for inter-organization transfers across cost groups are more stringent and are not met by standard Periodic Average Costing (PAC). The inter-organization transfers that are impacted in this costing model are those transfers across cost groups within the same legal entity. Inter-organization transfers within the same cost group or across cost groups in different legal entities are not impacted in this costing model.
Step#
Process Step Description Switch responsibility Enter miscellaneous transaction
Path and Action
Input Data
Expected Results
Actual Results
15.00 15.01
(M) File > Switch responsibility (N) Inventory >Transactions > Miscellaneous Transaction
Responsibility: Inventory Org: 301 Date: (Defaults) Type: Miscellaneous receipt
Inventory main menu is displayed Miscellaneous Transaction form is displayed
Miscellaneous Receipt form should display Click (B) Transaction Lines Item: CSTITEM Rev: A Subinventory: STOCK Quantity: 100
Step#
Path and Action
Input Data
Expected Results
Actual Results
Unit Cost: 300 Account: 10.000.132100.00.000.00000
Item: CSTITEM Click on next line Rev: A Subinventory: STOCK Quantity: 100 Unit Cost: 290 Account: 10.000.132100.00.000.00000
On hand quantity of 200 now exists for this item in 301
Click (I) Save
15.02
Check the Average cost of the item
Cost Management>Item costs >Item cost
Org: 301
Step#
Path and Action
Input Data
Expected Results
Actual Results
Item: CSTITEM Click (B) Find
Click (B) Open
Note down the Average cost of the item from unit cost field. Legal entity=LENAME Cost Type=CST TYPE Cost Croup= CGP1 Period= Current period Item= CSTITEM Query shall not fetch any result as you have not executed Iterative Periodic Average Cost Processor when you do it for first time.
15.03
Check Periodic Average cost of the item
Cost Management>Periodic costing>item cost inquiry
15.04
Run Iterative Periodic Average Cost Processor program
Click (B) Find Cost Management>Periodic costing>Compute iterative periodic average cost processor
Legal Entity: LENAME Cost Type: CST TYPE Period: Current Run Option: Start Process Upto date: <Default> Tolerance: 3
Step#
Path and Action
Input Data
Expected Results
Actual Results
Number of Iteration: 1 Click (B) OK Click (Bb) submit Click (B) No when prompted to submit another request View>Request>find Number of worker: 1
15.05
Verify completion of concurrent
15.06
Check Periodic Average cost of the item
Cost Management>Periodic costing>Iem cost inquiry
Legal entity=LENAME Cost Type=CST TYPE Cost Croup= CGP1 Period= Current period Item= CSTITEM
Ensure completion of Iterative Periodic Average Cost Worker and Iterative Periodic Average Cost Worker Note down the Item cost
Click (B) Find 15.07 Perform multiple Inter org Transfer between 101 and 301 to check Iterative periodic average cost. Inter org Transfer between 101 and 301
Now item AVERAGE cost Noted in step no. 15.02 and Item Periodic average cost noted in this step are same, because there is no previous period data available, if previous cost is available there will be difference.
15.08
Responsibility: Inventory
Step#
Path and Action
Input Data
Expected Results
Actual Results
Inventory>Transactions>Interorganization Transfer
Org: 101
Inter Org Transfer form opens
Date: Default To Org: 301 Type: Direct Org Transfer
Click: Transaction Lines Item: CSTITEM Rev: A Subinventory: FGI Locator: A.1.20 To Subinv: STOCK Click (I) Save Quantity: 10
15.09
Inter org Transfer between 301 and 101
Close all forms Inventory>Change Organization
Org: 301
Step#
Path and Action
Input Data
Expected Results
Actual Results
Date: Default Inventory>Transactions>Interorganization Transfer To Org: 101 Type: Direct Org Transfer
Click: Transaction Lines Item: CSTITEM Rev: A Subinventory: STOCK To Subinv: FGI To Locator: A.1.20 Quantity: 15 Click (I) Save Close all forms Inventory>Change Organization
15.10
Org: 101
Date: Default To Org: 301
Step#
Path and Action
Input Data
Expected Results
Actual Results
Click: Transaction Lines
Type: Direct Org Transfer
Item: CSTITEM Rev: A Subinventory: FGI Locator: A.1.20 To Subinv: STOCK Click (I) Save Close all forms Inventory>Change Organization Quantity: 20
15.11
Org: 301
Date: Default To Org: 101 Type: Direct Org Transfer
Click: Transaction Lines Item: CSTITEM Rev: A
Step#
Path and Action
Input Data
Expected Results
Actual Results
Subinventory: STOCK Click (I) Save Close all forms To Subinv: FGI Locator: A.1.20 Quantity: 25
15.12
Run Iterative Periodic Average Cost Processor program
Cost Management>periodic costing>Compute iterative periodic average cost processor
Legal Entity: LENAME Cost Type: CST-TYPE Period: Current Run Option: Start
Click (B) OK Click (Bb) submit Click (B) No when prompted to submit another request 15.13 Verify completion of concurrent View>Request>find
Process Upto date: <Default> Tolerance: 10 Number of Iteration: 4 Number of worker: 4 Ensure completion of Iterative Periodic Average Cost Worker and Iterative Periodic Average Cost Worker
Step#
Process Step Description Check Iterative Periodic Average cost of the item
Path and Action
Input Data
Expected Results
Actual Results
15.14
Cost Management>Periodic costing>Item cost inquiry
Legal entity=LENAME Cost Type=CST TYPE Cost Croup= CGP1 Period= Current period Item= CSTITEM Note down the Iterative Periodic average Cost (IPAC) from Item Cost.
Click (B) Find 15.15 Check the Average cost of the item
Cost Management>Item cost>Item cost Org: 301 Click (B) Find Item: CSTITEM Note down the Average cost of the item from unit cost field
Click (B) Open
Here you can observe significant difference between the IPAC cost noted in step no. 15.14 and Average cost noted in this step, which is due the different cost calculation method for IPAC.
Step#
Process Step Description Close all forms
Path and Action
Input Data
Expected Results
Actual Results
15.16

Product Costing To Inventory Valuation Flow Script

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Product Costing To Inventory Valuation Flow Script

Uploaded by

Copyright:

Available Formats

Product Costing to Inventory Valuation

Copyright 2006, 2010, Oracle. All rights reserved.

Demand to Build - Discrete Flow Script Sequence

Product Costing to Inventory Valuation Nonconformance to Disposition

Flow Initiate Corrective Action to Implement

Business Scenarios Test Sequences

00 Test Specification - Prerequisite Steps

Business Process: Define Costing Methods

Business Flow: Pre-requisite steps for Product Costing to Inventory Valuation

Summary Process: Prerequisite

Description: Create on-hand stock performing miscellaneous receipts

Process Step Description Logon to Oracle Inventory

Path and Action

Navigate to Oracle Applications Forms login

A list of Responsibility choices are displayed

The main menu for Inventory will display

Process Step Description Enter miscellaneous transaction

Path and Action

(N) Inventory >Transactions > Miscellaneous Transaction

Miscellaneous Transaction form is displayed

Miscellaneous Receipt form should display

Enter Line 1 details

Process Step Description

Path and Action

Click (B) Go Select appropriate responsibility

Responsibility : OUNAME Purchasing Super User

Purchasing Super User menu is displayed.

Path and Action

Purchase Orders form is displayed.

Create Standard Purchase Order page is displayed.

Enter Purchase Order Header details

Operating Unit:OUNAME Type: Standard Purchase Order

Supplier site and contact information should default.

Supplier: ADVANCED DEVICES

Site: SANTACLARA Description: PO for Testing Purchase Price Variance

Default Ship-To Location: MFG/DC

Process Step Description

Path and Action

Enter PO Line Inventory Item

Click (T) Lines

Type: Goods Item: 755005 Quantity: 1 Price: 200

Process Step Description

Path and Action

<Tomorrows Date >

Click (B) Shipments

Click (T) More

Match Approval Level: 3 way

Invoice Match Option: PO

Receipt Routing: Direct Delivery Click (B) Receiving Controls

Process Step Description

Path and Action

Save Purchase Order

Approval Form is displayed.

Approved Standard PO is displayed.

10 Test Specification Product Costing

Description: Create Standards Gather costing information to track cost of production

Process Step Description Logon to Oracle Inventory

Path and Action

Navigate to Oracle Applications Forms login

A list of Responsibility choices are displayed

The main menu for Inventory will display

Path and Action