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    Accounting Entries (OPM)

    Uploaded by

    Ghani7
    The document lists various event types, event classes, and accounting entries related to manufacturing and inventory transactions. It includes categories like receiving, invoicing, batch processing, shipments, and transfers. It also lists sub-ledger accounts for work in process, semi-finished products, product cost clearing accounts, and cost of goods sold.

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    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd

    Accounting Entries (OPM)

    Uploaded by

    Ghani7
    1K views8 pages
    The document lists various event types, event classes, and accounting entries related to manufacturing and inventory transactions. It includes categories like receiving, invoicing, batch processing, shipments, and transfers. It also lists sub-ledger accounts for work in process, semi-finished products, product cost clearing accounts, and cost of goods sold.

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    © Attribution Non-Commercial (BY-NC)

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    XLSX, PDF, TXT or read online from Scribd

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    The document lists various event types, event classes, and accounting entries related to manufacturing and inventory transactions. It includes categories like receiving, invoicing, batch processing, shipments, and transfers. It also lists sub-ledger accounts for work in process, semi-finished products, product cost clearing accounts, and cost of goods sold.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    1K views8 pages

    Accounting Entries (OPM)

    Uploaded by

    Ghani7
    The document lists various event types, event classes, and accounting entries related to manufacturing and inventory transactions. It includes categories like receiving, invoicing, batch processing, shipments, and transfers. It also lists sub-ledger accounts for work in process, semi-finished products, product cost clearing accounts, and cost of goods sold.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 8
    At a glance
    Powered by AI
    The document discusses accounting entries and inventory accounts for manufacturing processes.

    Some of the accounting transaction types mentioned include receiving, invoicing, cost allocations, shipments, returns, transfers and adjustments.

    Some of the inventory and WIP accounts listed include accounts for raw materials, work in process, semi-finished goods and finished goods.

    Event Type

    Receive to Inspection

    Event Class
    Receiving

    PO Receipt

    Deliver to or Return from Inventory

    Return to Vendor

    Receiving

    Return to Receiving from Inventory

    Deliver to or Return from Inventory

    Invoice IPV Adjustment

    Invoicing In Actual Costing

    All (Misc receipt)

    Miscellaneous Transactions

    Batch Release (WIP Raw Materials Charging)

    Batch Material Transactions

    Step Completion (Resource Charging)

    Batch Resource Transactions

    Batch Completion

    Batch Material Transactions

    GL Cost Allocation (Cost Allocated though GL Expense Allocation)

    GL Cost Allocation

    Batch Close (When there is ingrediant issuance but no output as in the case when plant is started up) This is taken to INV Valuation through manual JV Actual Cost Adjustment

    Batch Close Variances

    Actual Cost Adjustment

    Sales Order Issue

    Shipments

    COGS Recognition

    Shipments

    All

    RMA

    All

    Sub-inventory Transfers

    Accounting Entries
    Receiving Inspection Accrued Accounts Payable DR CR

    INV Valuation Receiving Inspection

    DR CR

    Accrued Accounts Payable Receiving Inspection

    DR CR

    Receiving Inspection Accrued Accounts Payable (for Overheads) INV Valuation

    DR DR CR

    INV Valuation Invoice Price Adjustment

    DR CR

    INV Valuation Inventory Adjustments Expense

    DR CR

    WIP Valuation (Finished goods) INV Valuation (Ingrediant)

    DR CR

    WIP Valuation (Finished goods) Resource Control Account

    DR CR

    INV Valuation (Finished Goods) WIP Valuation (Finished goods)

    DR CR

    INV Valuation (Finished Goods) Cost Allocation

    DR CR

    Batch Close Variance WIP Valuation

    DR CR

    INV Valuation

    DR

    Clearing Account

    CR

    Deferred Cost of Goods Sold INV Valuation

    DR CR

    Cost of Goods Sold Deferred Cost of Goods Sold

    DR CR

    INV Valuation Cost of Goods Sold

    DR CR

    Inventory - Transfer To Inventory - Transfer From

    DR CR

    Batch close variance

    51525000 51525001 51525002 51525003 51525004 51525011 51525012 51525013 51525014 51525015 51525016 51525017 51525018

    WORK IN PROCESS AMMONIA NITRIC ACID AMMONIUM NITRATE CRYSTAL Closing Stocks-CO2 Liquid WIP-Ammonium Nitrate WIP-De-mineralized Water WIP-Polished Water WIP-Cooling Water WIP-Power WIP-Steam from Utilities WIP-Steam from Nitric Acid WIP-Average Steam

    10

    1.1

    110

    51525101 WIP-Calcium Ammonium Nitrate 51525102 WIP-Nitro Phosphate 51525103 WIP-Urea CER

    51530000 Semi Finished Products 51530001 Semi Finished-AMMONIA 51530002 51530004 51530011 51530012 51530013 51530014 51530015 51530016 51530017 51530018 51530019 Semi Finished-NITRIC ACID Semi Finished-CO2 Liquid Semi Finished-Ammonium Nitrate Semi Finished-De-mineralized Water Semi Finished-Polished Water Semi Finished-Cooling Water Semi Finished-Power Semi Finished-Steam from USG HRSG Semi Finished-Steam from Nitric Acid Semi Finished-Average Steam Semi Finished-Chilled Water

    51515001 CALCIUM AMMONIUM NITRATE(F)

    51515011 NITRO PHOSPHATE(P)

    51515021 UREA(P)

    51535000 Product cost clearing accounts 51535001 Product cost clearing accounts-Cost Adjustment 51535002 Product cost clearing accounts-Batch Close Variance 51535003 Product cost clearing accounts-Cost Allocation 51535004 Product cost clearing accounts-Inventory Adjustments Expense 71620099 Cost of Goods Sold Contra Account

    71610001 Cost of Goods Sold CAN 71610011 Cost of Goods Sold NP 71610021 Cost of Goods Sold Urea 71620001 Cost of Goods Sold Ammonia 71620011 Cost of Goods Sold Nitric Acid 71095002 Deffered Cost of Goods Sold (Oracle)

    0.482

    53.02

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