Oracle Fusion SCM Year-end Process
Oracle Fusion Supply Chain Management (SCM) has various year-end processes designed to close the financial year smoothly and accurately. The specific steps can vary depending on your organization’s configurations and requirements, but generally, you may need to complete the following activities: General Year-End Procedures for Oracle Fusion SCM: Inventory Reconciliation : Ensure that your physical inventory matches what is recorded in the system. Audit Transactions : Review all transactions for the year to ensure they are appropriately categorized and recorded. Close Periods : Close the accounting periods for various modules like procurement, order management, and inventory. Generate Reports : Run year-end reports for audit trails, analytics, and business summaries. This may include inventory valuation, turnover reports, and vendor performance reports. Open New Accounting Period : After completing all year-end activities, open the new accounting period for the coming fiscal year....