An Oracle Apps Blog for BeginnersO2C.pdf
- 1. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 1/11 --> An Oracle Apps Blog An Oracle Apps Blog for Beginners An Oracle Apps Blog for Beginners Home Supply Chain Pictures Missing home food? Wanna try your skills? Blog Index Saturday, 15 February 2014 Oracle Procure to Pay (P2P) and Order To Cash(O2C) Cycles The different types of ordering methods followed across the organizations are discussed below and must follow one of these categories: Make to Order: Make To Stock:Assemble to order:Make To Assemble:Order to Cash Cycle: A business production strategy that typically allows consumers to purchase products that are customized to their specifications. The make to order (MTO) strategy only manufactures the end product once the customer places the order. This creates additional wait time for the consumer to receive the product, but allows for more flexible customization compared to purchasing from retailers’ shelves. A traditional production strategy used by businesses to match production with consumer demand forecasts. The make-to-stock (MTS) method forecasts demand to determine how much stock should be produced. If demand for the product can be accurately forecasted, the MTS strategy can be an efficient choice. A business production strategy where product ordered by customers can be produced quickly and are customizable to a certain extent. The assemble-to-order (ATO) strategy requires that the basic parts for the product are already manufactured but not yet assembled. Once an order is received, the parts are assembled quickly and sent to the customer. A manufacturing production strategy where a company stocks the basic components of a product based on demand forecasts, but does not assemble them until the customer places an order. This allows for order customization. MTA production is basically a hybrid of two other major types of manufacturing production strategies: make to stock (MTS) and make to order (MTO). Oracle Procure to Pay (P2P) and Order To Cash(O2C) Cycles Thursday, Jan 19, 2023 10:32:59 pm IST NOW it is : Show All I follow! Functional Guy- Devendra Cycle Count scheduling logic in Oracle EBS 1 year ago Real World Oracle Apps I am back baby.....did you miss me? 2 years ago Oracle Supply Chain Saga Design Thinking in Consulting Paradigm 4 years ago Oracle Applications Oracle Apps iSourcing 6 years ago CSB's Oracle Functional Guide Oracle Order Management - Tax calculation stages that occur in Sales Order 7 years ago A Guide for Beginners to learn Structured Query Language (SQL) Accounting Entries Actual Cost Adjustments in OPM Costing - R12 ADC in Oracle Purchasing ADC in Purchasing ADC Purchasing AIM AIM Documents AIM Methodology AIM METHODOLOGY ACTIVITIES AND DOCUMENTS AIM processes Application Implementation Methodology- (A.I.M.) Apps India Localization Apps Localization ASCP Collection Methods ASCP Concurrent ASCP Concurrent Programs ASCP Interview Questions ASCP Overview ASCP Programs Labels Showing posts with label O2C. Show all posts More Create Blog Sign In
- 2. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 2/11 Oracle has developed this ERP solution which truly covers these both cycles Purchase to Pay and Order to Cash. Oracle EBS comprises of the Standard Core Business Management applications like General Ledger, Payables, Receivables, Cash Management, Fixed asset, Purchasing, Order Management, Inventory, Discrete Manufacturing, Process Manufacturing , HRMS and many more. The application mentioned are so integrated that it handles the beginning to end of both Assets (Order Management and Receivables) and Liabilities (Purchasing and Payables). These Assets and Liabilities are finally pushed and calculated in Oracle General Ledger. The base or the heart of Oracle EBS is Oracle General Ledger. Let me call GL an intrinsic. Order to Cash means Customer’s Order Placing to Vendor’s Cash Receiving. When your final product is ready to be sold, you market it. The customer gets fascinated with the marketing campaign and decides to buy your product and from here starts the O2C cycle. 1. Oracle Order Management: Customer places the order. 2. Oracle Order Management: You enter the customer order 3. Oracle Inventory: Check the available unit and the quantity ordered by the customer. 4. Oracle Order Management: You ship the product to customer site and decreases the Finished Goods inventory. 5. Oracle Receivables: The customer receives the product and you invoice the customer. 6. Oracle General Ledger: You record your revenue and receivables. 7. Oracle Receivables: The customer pays and you receive the cash/check. 8. Oracle Cash Management: Oracle Receivables sends the customer receipt for Bank Reconciliation. After reconciliation, Oracle Cash Management send the actual bank balance or Oracle General Ledger. 9. Oracle General Ledger: You have the actual bank balance. Following Accounting entries will be generated for O2C Inventory Stage A/c…………………Debit Inventory Finished goods a/c……..Credit Cogs A/c ……………………………Debit Inventory Organization a/c………Credit Receviable A/c………………………Debit Revenue A/c………………………Credit Tax ………………..…………………Credit Freight…………..….……………….Credit Cash A/c Dr…………………………Debit Receivable A/c……………………….Credit Sales order creation – No entries Pick release: Ship confirm: Receviable: Cash: Procure to Pay: Automatic Document Creation in Oracle Purchasing - ADC Basic Setups on Purchase & Order Management Module Basic SQL Basics of SQL Query Basics of SQL Querying. Bill Of Materials Blind Receiving BOM BOM Overview. Cancellation of Oracle Purchase Requisition Cancellation of Oracle Requisition Cancellation of PR Cancellation of Requisition Cascade Transactions Collection Methods Config Configurator Configurator in Oracle Apps (11.5.9) Configurator Setup Count Inventory Creating a Menu Customizing Menus Customizing Oracle Apps Menu Deleting a Concurrent Executable Deleting a Concurrent program Deletion of Concurrent Executable Deletion of Concurrent Program e-filing e-Filing 2014
- 3. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 3/11 Procure to Pay means Procuring Raw Materials, or semi finished goods required to manufacture the final or finished Goods to Paying the Supplier from whom the material was purchased. But this is not just two steps. It involves many steps which are mentioned below: 1. Oracle Purchasing: You enter Suppliers of different materials and products you want to purchase to manufacture a finished good that your organization plans to sell. 2. Oracle Purchasing: You prepare a Request for Quotation (RFQ) and send it to different suppliers to get the best and/or economical price for the product. 3. Oracle Purchasing: Suppliers sends their quotations and you upload those quotations in Oracle Purchasing to get the best three quotes and further to get the one best quote. 4. Oracle Purchasing: You prepare a Purchase Order(PO) against the best RFQ to buy the goods from the supplier who quoted the suitable price and sends the PO to that supplier 5. Oracle Purchasing: The supplier receives the confirmation of purchase from PO and ships the ordered goods. You receive the goods enter a Goods Received Note (GRN) in Oracle Purchasing. 6. Oracle Inventory / Oracle Assets: It’s up to you whether you want to receive the goods at your head office or you Inventory directly. In either case you move the received goods to your different Raw Material Inventory from Oracle Purchasing to Oracle Inventory and the Item Count increases. If the item is Asset Type then it will move to Oracle Assets at the time of Invoice creation in Oracle Payables. 7. Oracle General Ledger: Once you move the goods to Oracle Inventory, it sends the Material Accounting to Oracle General Ledger. 8. Oracle Payables: After this the supplier sends you the invoice for the purchased goods and you Enter or Match the invoice against the PO from Oracle Purchasing in Oracle Payables. As said before, if the item is Asset in nature then it will move to Oracle Asset. 9. Oracle General Ledger: When you enter the invoice it means that you have created a Liability against that supplier and also you have recorded the expense incurred or asset purchased. Oracle Payables sends the invoice accounting to Oracle General Ledger. 10. Oracle Payables: You pay the invoice and settle the Liability. 11. Oracle General Ledger: The liability is settled and your cash movement account is updated. 12. Oracle Cash Management: As you pay the invoice Oracle Payables sends the payment information to Oracle Cash Management for Bank Reconciliation. Once reconciled, Oracle Cash Management sends the updated Bank/Cash accounting entry to Oracle General Ledger. 13. Oracle General Ledger: Your cash at bank is updated with actual balance. 14. Oracle Process Manufacturing(OPM) / Oracle Discrete Manufacturing(ODM): You start the manufacturing of your final product. Both OPM or ODM requests the different raw materials from you inventory organizations and manufactures a finished good. 15. Oracle Inventory: As the raw materials are issued to OPM and ODM the inventory sends the issuing material accounting to General Ledger and decreases the Item Count from the Raw Material Store. As the finished good is prepared, Oracle Inventory receives the finished good in Finished Good Store and increase the Item Count. Purchase Requisition creation No entry Purchase Order creation No entry Inventory Receipt: Inventory A/c…………….Debit AP Accrual A/C………Credit(This A/c We are giving in Financial Option) Following Accounting entries will be generated for P2P: e-filling Editing a Menu in Oracle efiling efilling Enable Diagnostics Enable Diagnostics in Oracle Apps Enable History Enable History in Oracle Apps Enable personalization in Oracle Apps Enable Record Express Transactions FND Tables FND Tables in EBS i-Procurement i-Procurement Setup IL Interview Questions Important FND Tables in EBS in Oracle Apps Income Tax Filing Income Tax Filing 2014 India Localization Interview Questions India Localization Overview India TAX Install Base Install Base Setup Internal Sales Order Interview Q&A BOM Interview Q&A INV Interview Q&A INVENTORY Interview Q&A OM Interview Q&A ORDER MANAGEMENT Interview Q&A PO
- 4. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 4/11 At the time of Matching the Invoice with Purchase Order AP Accrual A/c………….Debit Supplier A/c…………..Credit At the time of making payment to supplier Supplier A/C…………… Debit Bank A/c…………….Credit This is how the P2P and O2C cycle works, but this is not the only way, obviously there are many other applications with different cycles. Interview Q&A PURCHASING Interview Q&A WIP Interview Questions Inventory : Physical Inventory Count Inventory Count Invoice matching iProcurement iProcurement Setup ISO ISO Oracle IT e-filing IT e-filling IT Filing IT Filing 2014 IT Filling Managing Return Material Authorization (RMA) Matching Menu in Oracle Apps Menu in R12 O2C OIB OM Interview Questions OM Management OPM OPM Actual Cost OPM Basic Setup OPM Cost Adjustment OPM Costing Adjustment OPM Setup Oracle ADC Oracle Advanced Supply Chain Planning Concurrent Programs Oracle Advanced Supply Chain Planning Overview
- 5. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 5/11 Older Posts Home Subscribe to: Posts (Atom) Posted by AJ at 19:06 9 comments: Labels: Accounting Entries, O2C, Oracle Procure to Pay (P2P) and Order To Cash(O2C) Cycles, Order to Cash, P2P, Procure to Pay Oracle AIM Oracle Application Implementation Methodology Oracle Apps India Localization Interview Questions Oracle Apps Interview Questions Oracle Apps Menu Oracle ASCP Collection Methods Oracle ASCP Concurrent Programs Oracle Basic Inventory Set- Up Oracle Basic Setup Oracle Bill Of Materials (BOM) Oracle Bill Of Materials (BOM) Overview Oracle Concurrent Executable Deletion Oracle Concurrent Program Deletion Oracle Config Oracle Config Setup Oracle Configurator Oracle Configurator - Overview Oracle Configurator Basic Setup Oracle Configurator Setup Oracle i-Procurement Setup Oracle IB Oracle India Localization Overview Oracle Install Base Oracle Internal Sales Order Oracle Interview Questions Oracle Inventory Count Oracle Invoice Matching
- 6. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 6/11 Oracle iProcurement Setup Oracle IRISO Oracle ISO Oracle Localization Oracle Menu Oracle OM - Tax calculation stages Oracle OM Basic Setup Oracle OM Setup Oracle Order Management Oracle Order Management - Tax calculation Oracle Order Management – Internal Sales Order (ISO) Oracle Order Management Basic Setup Oracle Order Management Interview Questions Oracle Physical Count Oracle PO Approval Level Oracle PO Basic Setup Oracle PO Invoice Matching Oracle PO Matching Oracle PO Setup Oracle PO Types Oracle Process Manufacturing Oracle Process Manufacturing - Basic Setup Steps Oracle Process Manufacturing (OPM) Basic Setups Oracle Procure to Pay (P2P) and Order To Cash(O2C) Cycles Oracle Purchasing Basic Setup Oracle Requisition Cancellation
- 7. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 7/11 Oracle SCM functional Interview Question Answers Oracle Sourcing Oracle Sourcing - Configuration and Functionality Oracle Tables Oracle Tax Order to Cash Overview Oracle India Localization P2P Physical Count Physical Inventory Physical Inventory Count PO Match Approval Level PO Matching PO Matching Settings in Oracle Purchase Orders Procure to Pay Purchase Order Types Purchasing ADC Q & A Quick Interview Questions on ASCP Receiving Options Requisition Cancellation Return Material Authorization (RMA) in Order Management SCM Interview Q&A Setting the Invoice Matching SO Tax calculation stages SQL Basics SQL Query SQL Query for Oracle R12 Supplier Contacts SQL Query for Oracle R12 Supplier Headers
- 8. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 8/11 SQL Query for Oracle R12 Supplier Headers Sites SQL Script for Suppliers SQL Suppliers Script. Substitute Receipts Tables in Oracle Apps Tax Tax 2014 Tax calculation stages that occur in Sales Order Tax Filing Tax Filing 2014 Tax2104 Unordered Receipts Ways to set the invoice matching What is ASCP What is Oracle Advanced Supply Chain Planning What is Oracle ASCP ▼ 2015 (12) ▼ September (1) INDIA LOCALIZATION – INTERVIEW QUESTIONS - 01 ► August (1) ► July (5) ► June (4) ► May (1) ► 2014 (30) Blog Archive Total Pageviews 1 9 7 6 5 3
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- 11. 1/19/23, 10:32 PM An Oracle Apps Blog for Beginners: O2C oracleappssetup.blogspot.com/search/label/O2C 11/11 Find Inventory Cost / Value using FIFO method Number of Purchases Total Units Sold Calculate Calculate Reset Reset FIFO Inventory Cost Find Inventory Cost / Value using LIFO method Number of purchases = Total Units sold = Calculate Calculate Reset Reset Ending Inventory value = LIFO Inventory Cost ----------------------------------------------------------------------------------------------------------------- This blog is purely information and possibly collated from various sources. The purpose of this blog is to share information and knowledge about Oracle's product which I have come across with my exposure to the product, practice and observations. The blog has been created keeping only one intention of sharing knowledge and for learning purpose. The blog has been created solely as a educational, for storing portions of the vast Oracle knowledge world. Oracle EBS is an Oracle Corp. product and you should contact Oracle directly for any specific fact or issue. *NOTE: Few articles on this blog are not completely prepared by me, content is edited and complied after referring various sites to make visitor's job easy Read more: http://oracleappssetup.blogspot.in/ Declaimer All information are copyrighted by the respective owners. This is an informational Site ONLY!. Watermark theme. Powered by Blogger.