2

Lesson 2: Overview of Receipt

Accounting
Part 2: Receipt Accounting
Supply Chain Managerial Accounting Course

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Objectives

After completing this lesson, you should be able to describe the

following:
• Key capabilities of Receipt Accounting
• Receipt Accounting landscape
• Procure-to-Pay flow

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Solution Footprint

Receipt Accounting
• Purchase accruals and expense accounting
Cost Accounting
• Inventory costing
• Manufacturing costing
Cost and Profit Planning
• Cost estimation for standard costing and other purposes
Landed Cost Management
• Modeling and absorbing third-party landed cost charges

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Receipt Accounting Key Capabilities

• Expense Procurement
– Expense destination, non-inventory purchases
• Inventory Procurement
– Regular inventory, consigned
• Accrue at Period End
• Accrue on Receipt
• Automatic Accrual Clearing
• Accrual Cutoff Days
– Process backdated receipt transactions
• Subledger Accounting
• Reporting

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Receipt Accounting: Landscape

Fusion
Payables

Invoice
Purchase Orders
Fusion
Fusion Cost
Purchasing Accounting

Fusion Fusion
Receiving GL (SLA)
Receipts
Receipt Accounting

Landed Cost
Fusion
Management
Projects

Tax

Fusion
Tax

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High-Level Procure-to-Pay Flow

Purchase Receipt Accounting Cost

Order Accounting
• Process Receipts and
Invoices.
Receipt • Create distributions.
• Transfer to Subledger Project
Accounting. Accounting
Invoice

Post to
General
Ledger

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Summary

In this lesson, you should have learned how to describe the

following:
• Key capabilities of Receipt Accounting
• Receipt Accounting landscape
• Procure-to-Pay flow

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