Oracle EBS Valuation and Other Accounts
|Material||An asset account that tracks material cost. For average costing, this account holds your inventory and intransit values. Once you perform transactions, you cannot change this account.|
|Material Overhead||An asset account that tracks material overhead cost.|
|Resource||An asset account that tracks resource cost.|
|Overhead||An asset account that tracks resource and outside processing overheads.|
|Outside processing||An asset account that tracks outside processing cost.|
|Expense||The expense account used when tracking a non-asset item.|
|Sales||The profit and loss (income statement) account that tracks the default revenue account.|
|Cost of Goods Sold||The profit and loss (income statement) account that tracks the default cost of goods sold account.|
|Purchase Price Variance||The variance account used to record differences between purchase order price and standard cost. This account is not used with the average cost method.|
|Inventory A/P Accrual||The liability account that represents all inventory purchase order receipts not matched in Accounts Payable, such as the uninvoiced receipts account.|
|Invoice Price Variance||The variance account used to record differences between purchase order price and invoice price. This account is used by Accounts Payable to record invoice price variance.|
|Encumbrance||An expense account used to recognize the reservation of funds when a purchase order is approved.|
|Average Cost Variance||
Under average costing with negative quantity balances, this account represents the inventory valuation error caused by issuing your inventory before your receipts.
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