Enabling Cost Recognition for OIM

This Feature Console page provides an automated way to configure Order and Inventory Management purchase orders for cost recognition. When you enable the feature, fields are added to the source objects (Purchase Order, Purchase Order Line) and recognition settings and templates are created for cost recognition at purchase order line level. See Metadata Changes when Enabling Cost Recognition for OIM for full details.

Enabling the feature also creates the Revenue Management on OIM permission set which gives access to the fields that are created.

Ensure that you have system administrator permissions before attempting to enable this feature. For more information about prerequisites, see Enabling and Disabling Features.

To enable this feature, work through the steps in the order shown on screen. When a step has completed, its Status changes from "Not Done" to "Done".

  1. For feature step 1, click Perform. This step adds fields to Revenue Management and Order and Inventory Management objects, and creates the Revenue Management on OIM permission set.
  2. For feature step 2, click Perform. This step creates recognition settings and templates.
  3. For feature step 3, click Perform. This step updates the Description, Category, and Line Item page layouts for Order and Inventory Management's Purchase Order Line object.
  4. For feature steps 4-6, click Perform. These steps update page layouts for Revenue Management's Recognition Schedule, Recognition Schedule Line, and Recognition Transaction Line objects.
  5. For feature step 7, follow the instructions in Creating a Cost Recognition Page to create a Recognition page specifically for cost. Click Mark as Done when you have completed this task.

When you have completed all the steps, use the Status slider in the Feature section to mark the feature as enabled.

Next Steps

  • Open each recognition settings record that has been created and update the Income Statement and Balance Sheet GLA (Cost) fields to use the correct codes for your business.
  • Assign the Revenue Management on OIM permission set to users needing to view and edit the fields that are created by this feature. The fields are listed in Metadata Changes when Enabling Cost Recognition for OIM.
  • Ensure that users have the appropriate permissions before they attempt to run recognition or generate recognition schedules. A full list of permission sets is provided in the Revenue Management Technical Pack, available from the Certinia Community.
  • Create recognition years and periods. For more information, see About Recognition Years and Periods.
  • Assign recognition templates to your source records: purchase order lines.