Ansar Aluva

• Oct 20th, 2015

In an ERP System, All the sub-ledger entries like AR, AP, Inventory, Payroll etc has to flow to General Ledger as an control Account. All the sub-ledger entries used to flow to GL using a scheduled a...

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SHAFIQ

• Jul 2nd, 2015

Balance sheet account reconciliations is the process by which the assets and liabilities in the unit's balance sheet are substantiated.

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GL reconciliation means Account payable , Accounts receivable ledger balance compared with General Ledger balance and it should be tallied. If not tallied we have to do the reconciliation.

SHAFIQ

• Jul 2nd, 2015

Reconciliation is process way by which the assets and liabilities in the unit's balance sheet are substantiated.

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If we enable inter-company in Oracle there is a chance to upload incorrect journals like imbalance journals at company level. So how we can rectify this problem. (if the user unfortunately upload journal between two companies it will accept) can you please explain about this.

Dipika

• Jun 14th, 2016

1. There is an option available in Oracle from where you can search your batch which was imbalance and uploaded in Oracle successfully, you can delete that batch and upload the fresh one.

2. You can also reverse that batch in Oracle itself and then upload the fresh batch with required correction.

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Describe the flow and actual journal entries involved in project accounting from start to end

suraj

• Aug 1st, 2016

Inter Company Journal Entries

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what are the determining factor to determine how many segments are needed to create a chart of account for a business group? Suppose A chart of account contains 5 segments for an organization. So how to determine that we need 5 segments or 6 segments or any number of segments for a chart of account?

gururaj

• Jun 28th, 2017

It will depend upon the organisation requirement, there is no matter of 5 or 6 segments, sometime it requires more then 6 also.

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keshav311

 Profile Answers by keshav311 Questions by keshav311

• Jul 5th, 2007

This testing proses is down is phase realisation phase and in finalisation phaseusally we do 3 kinds of testingunit testing-with in module eg gl postingbusiness scenario testing-with ina module eg app, adp and intrest calculationintegration testing-with diff modules eg fi with sd,mm,hr

Sarvottam Darshan

• Feb 23rd, 2006

Testing involves a step by step check of various transactions configured in the SAP system. Example: In case of MM we need to check say if the purchase cycle is working in the system as it is in real ...

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Prasant Pisupati

• Aug 6th, 2007

A responsibility is collection of forms (menu) and and reports/programs (request group) , which can be assigned to a Oracle Applications user account for access.

abhishek sood

• Jan 10th, 2006

users cannot access the concurrent programs ( just like Forms) until unless the program is attached to a responsibility through a ?Request Group?. Thus  the responsibilities provide the comp...

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Prasad.T

• Aug 10th, 2006

Business is an activity performed by business man or enterprenuer by investing fund in it with an anticipation of return.  The existance can be of long period or short period. 

vgosala

 Profile Answers by vgosala Questions by vgosala

• May 26th, 2006

Its an activity & engagement involving an investment with an expectation of return.

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Ye

• Nov 18th, 2006

Adjusting entry need every end of month & end of year because The match priciple of accounting, that means expense have to match revenue,means the expenses or revenue has been occur but ...

rajkalyan

• Apr 14th, 2006

Current account balances may not represent correct balances due to following reasons:      a. Company made mistakes in preparing journal entries in the past.   ...

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anuradha

• Jan 30th, 2007

Why Surplus does not include in the government balance sheets?

umakumari

• Mar 14th, 2006

Surplus

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aaditya180399

 Profile Answers by aaditya180399 Questions by aaditya180399

• Dec 4th, 2006

Hello,Multi Org Means Multi Organization is a server side (application & database) enhancement that enables multiple business units in an enterprise to use a single installation of oracle applicat...

suresh reddy

• Sep 2nd, 2006

Meaning of Multiorg:Its a serverside enhancement which supports multiple organisations with single installation of oracle application product and its keep and stores data secure and safe way and seper...

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Anoop Kapoor

 Profile Answers by Anoop Kapoor Questions by Anoop Kapoor

• Mar 31st, 2009

Without reconciling the expense account it will increase the expense account & it will reduce the profits and worthiness of the organisation will not reflect true position and Similarly witho...

maaz01

 Profile Answers by maaz01 Questions by maaz01

• Sep 16th, 2008

If the company is being reimbursed by another organization for the expense incurred earlier then it will be a credit to the expense account. If the expense was over accrued and the actual is lower than the accrual then it will be reversing entry reducing the expense.

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sudhi0381

 Profile Answers by sudhi0381 Questions by sudhi0381

• Sep 21st, 2010

Internal Acqusition of an asset means, when an asset is built inhouse by creating an AUC(Asset Under Constuction), and then once the assets is fit to use for Production, its get capitalized as Complet...

atelkar

 Profile Answers by atelkar Questions by atelkar

• Sep 15th, 2010

Asset becomes capitalised when it is bought for profit motive, as an investment, and most important : when it is used.Asset available within an organisation - Internal Asset.Asset where they are present physically out of organisation - External Asset.

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GOWRISANKAR RAJAGOPALAN

• May 10th, 2007

The question has to be split into two.Selling the assets of the company and closing the books.First is sellig the assets of the company. This is done with what intention? Whether to close the run...

nagaraju

• Apr 17th, 2007

Hi,When company dispose there assets?? the following transaction takes placeAssets = Liabilities + Shareholders EquitySuppose? assets beginning balance?is $4900?and accumulated depreciation is $1...

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Gayathri Suresh Kumar

• Sep 5th, 2007

Cash Discounting should done General Ledger not in Balance sheetEntry should be Bank a/c                  &nbs...

availraj2002

• Aug 30th, 2007

I believe that cash discounts are taken into P&L and not to the B/S.The journal would be :Dr. Bank A/c               &nbs...

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kmtailor

 Profile Answers by kmtailor Questions by kmtailor

• Mar 24th, 2008

Transaction code for Account Assignment model is - FKMT & not F-02

A.N.GOPALAKRISHNAN

• Sep 21st, 2007

A template used for document creation in which default values are provided for the posting of a business transaction.An account assignment model may contain any number of G/L line items, and can be ch...

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shweta meravi

 Profile Answers by shweta meravi Questions by shweta meravi

• Dec 10th, 2007

When two or more than two companys merged together and form one company that is called as consolidation

cachbixamreddy

• Dec 28th, 2006

Consolidation is a gathering the information in sap for specific purpose and useful information for management

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Nseek

 Profile Answers by Nseek Questions by Nseek

• Jan 31st, 2011

Yes they are Period to date, Quarter to date and Year to Date but you read them like the following when working inside Oracle E-suite (accounting software) for example.PTD means amounts entered in a s...

Arun K Rajan

 Profile Answers by Arun K Rajan Questions by Arun K Rajan

• Aug 1st, 2007

Period to date for ex - can be same as YTD if period = 1 yearquarter to date for ex - 1st qtr of calender year - Jan,Feb,Mar, All financial items (revenue+expenses) Jan-Feb is QTD Febyear to date for ex - if fiscal year Jan-Dec - all financial items (revenue + expenses) from Jan-Aug is YTD Aug

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megha survase

• Sep 7th, 2007

Nominal a/c?is related with expense/losses & income/gain where real a/c is with asset (cash,building,goodwill etc)/accounts of properties/ possessions of the buisnessman. And personal a/c's are accou...

deepa

• Jun 20th, 2007

Accounts of assets is called Real Accounts.
Accounts of persons or institutions is called Personal Account.
Accounts of expenses/losses, incomes/gains is called Nominal Account.

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