Book Image

Oracle E-Business Suite 12 Financials Cookbook

By : Yemi Onigbode
Book Image

Oracle E-Business Suite 12 Financials Cookbook

By: Yemi Onigbode

Overview of this book

Oracle EBS Financials Suite is a solution that provides out-of-the-box features to meet global financial reporting and tax requirements with one accounting, tax, banking, and payments model and makes it easy to operate shared services across businesses and regions. Have you ever wondered how the EBS Financials modules integrate with each other, and do you want to know how this is done quickly? If so, this book is for you. You may have read about what EBS financials does, but with this book on your work desk you will see how to do it. The Oracle E-Business Suite 12 Financials Cookbook will enable you to taste the core functionalities of the main modules using bite size recipes. Each recipe is organized in a way that will enable you to learn the core steps to perform in a key business scenario; it then dives deeper into concepts and scenarios. Discover scenario-based recipes, designed to help you understand how the end-to-end processes within EBS R12 Financials modules are linked together, through touch points. With each chapter, this book develops a full business end-to-end scenario to cover the financial modules. You will start by creating items in Inventory, and then purchase items in Procurement. Then you will move on to entering supplier invoices and paying them in Payables and creating and managing assets. See how items are sold and shipped to customers in Order Management, and how funds are received from customer in Receivables. Manage cash and transfer transactions to General Ledger, and then close periods.
Table of Contents (15 chapters)
Oracle E-Business Suite 12 Financials Cookbook
About the Author
About the Reviewer

Adjusting Items in Inventory

Item quantities can be adjusted in Inventory. In this recipe, we will use miscellaneous transactions to adjust Items. Let's try to enter transactions on some of the controls we have set up. We will try and enter a Miscellaneous Transaction for five paper widgets into Inventory.

How to do it...

  1. 1. Navigate to Transactions | Miscellaneous Transactions.

  2. 2. In the Type field, select Miscellaneous receipt from the list of values.

  3. 3. Click on the Transaction Lines button to enter the receipt.

  4. 4. Search for the PRD20001 Item in the Item field.

  5. 5. Select the Subinventory list of values and the field should be automatically populated with ACME-FG.

  6. 6. In the Locator field, enter A1.1.2.

  7. 7. The system should display an Error message to indicate that an invalid locator has been entered.

  8. 8. Click on OK and enter A1.1.1 the system should accept this value.

  9. 9. Enter a value of 5 in the Quantity field.

  10. 10. In the account field, enter 01-000-1410-0000-000. This is the account that will be charged for the Inventory transaction.

  11. 11. Select the Lot / Serial button.

  12. 12. Enter the Lot number LN10001.


    The expiration date is generated based on the setting in the Item definition.

  13. 13. Enter the quantity of 5.

  14. 14. Click on the Serial button.

  15. 15. Enter SN10001 in the Start Serial Number field and press Tab on the keyboard.

  16. 16. The SN10005 should be automatically populated in the End Serial Number field.

  17. 17. Click on the Done button.

  18. 18. Click on the Done button again in the next screen.

  19. 19. Save the record.

There's more...

Let's search for the Items in Inventory.

Searching for Items

We will use the material workbench to search for the Items:

  1. 1. Navigate to On-hand | Availability | On-hand Quantity.

  2. 2. Enter PRD20001 in the Item / Revision field.

  3. 3. Click on the Find button.

  4. 4. Expand the Organizations tree to show LN10001.

  5. 5. Review the Item details.

  6. 6. Close the form.