What is the difference between invoice price variance and
purchase price variance?
Answer Posted / nagendra
For purchased items, if the standard cost differs from the
actual purchase price, you have a purchase price variance
(PPV).
Variance are Difference between the PO Price and Invoice
Price i.e
IPV - Inv Qty*(INV Price - PO Price )*Inv Rate
| Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
could you please post some work around that any body have done in the financial modules.
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
SLA usage ans how to define setups?
Explain Customization process?
Difference between header level tax calculation and line level tax calculation
What are the inventory report to check inventory status.
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
What is gap analysis, what are the pre-requisities?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
What is the meaning holding tax?
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
What is multi org? What is difference between 11i and 12i multi org structure?
What is the procedure for requition import?