Difference between Asset items and Expense Items in Oracle R.12

Oracle Inventory


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Asset items and Expense Items in Oracle R.12

Expense Item:

• Captive consumption of the organization 
• These items will not be transferred (Stockable & Transactable ) to the inventory and
• Hence will not hit the inventory valuation account.

Inventory Item:

• These items will hit the inventory as well as inventory valuation account and
• It will be used in production of finished goods. 

Mainly below are the items types as per attributes:

A - Expense Items

B - Inventory Expense Items

C - Inventory Asset Items

All these are differnet attributes that are below.

A - Expense Items

These items have attributes checked

a - Purchasable

b - Purchased

B - Inventory Expense Items

 These tems have the following attributes checked

a - inventory item = YES

b - stockable

c - transactable

d - Inventory Asset Value = NO

e - Costing Enabled = No

C - Inventory Asset Items

 These items have the following attributes checked

a - inventory item = YES

b - stockable.

c - transactable

d - Inventory Asset Value = YES

e - Costing Enabled = YES

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