Gotchas with Oracle EBS Release 12 Purchase Price Variances

When:  Mar 27, 2023 from 12:00 PM to 01:00 PM (ET)

For Standard Costing, for purchase price variance, what is the best way to set up EBS R12?  Especially for Oracle General Ledger, Oracle Payables and Purchasing given the recent, crazy fluctuations in USD versus EUR, GBP (and other currencies).  

Find out how configuration settings such as "Match on PO", vs. Match on Receipt" affect the outcome.  And how choosing the correct functional currency for your operations has such a large impact to PPV amounts.  Is there better reporting available for PPV?  And how does FASB 830 affect the definition and recognition of FX Gain and Loss?  

Learn from recent client experiences and discover different approaches on how to best deal with Purchase Price Variances.

Learning Objectives:

  • Discover how foreign exchange rate changes affect your purchase price variances.
  • Find different ways to configure the Oracle EBS Applications and how it affects the outcome.
  • Learn what FASB 830 says about these purchasing variances.
  • Find better ways to track PPV and related exchange rate gyrations.

Educational Tracks:

@John Mulroe, Senior Consultant, Celantra Systems 
@Seamus Moran, Senior Consultant, Celantra Systems
@Douglas Volz, Douglas Volz Consulting, OATUG Cost Management SIG Coordinator


Online Instructions:
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