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What is consolidation
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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What is the procedure for creation of Retained earnings account in different COA?
gmril
- Jan 17th, 2008
t/code ob53, give COA and then type X or Y in pl account head and then give the account number in the acoount head.... this u can create prior to the creation of the account group reserve and surplus as well as after creating the account group .....
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What is an account assignment model & where is it used? What are the transaction codes for Account Assignment Model?
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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Diff Between Profile Options and User Exits
What is the Difference Between Profile Option and User Exits
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What's your expereiences with cash flow statement? How is a cash flow statement generated?
stinkai
- Jul 30th, 2008
Cash Flow statement is a generate income, not the invoices. there are two types of cashflow 1. Inflow 2. Outflow1 Inflow: eg. if you received cash from your credit customers, you will decrease you...
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What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense account with no supporting documentations, what is the financial statement impact?
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
- 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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What is the difference between direct expenses and indirect expensesWhat is the difference in direct income and indirect income. Explain with example.
c7831887
- May 20th, 2009
Already 1 member has answered this question in Manufacturing way. But, my answer is:-If a trader imports some products and sells the same as is where is condition, the direct expenses will be fr...
rajesh.GOPI
- Feb 6th, 2008
Direct expenses are those expences which is directly related to product.Ex: Machinery repairs, Machinery transport charges . In direct expenses are those which are indirectly related to product.Ex: lighting, power.
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What are the procedures of elimination during consolidation of financial statements?
anuradha.vijayaraghava
- Jun 8th, 2009
After transferring the subsidiary data to the parent set of books, combine the subsidiary and parent data.Once parent and subsidiary data has been combined, enter eliminating journal entries.* Choose ...
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Salary Computation
Explain Salary Computation. How to file the salary returns?
malini.007
- Jul 16th, 2009
Generally, the salary is computed asBasic : 30 - 35% of CTCHRA : 50% of BasicDA : Regulated by Govt. notifications (nominal amounts)CCA : Is normally a filler on negotiated salary (put the balance amo...
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SAP Special GL
What is special GL in SAP? If it is reconciliation a/c for customer then each customer has two GL A/Cs, one normal & other special GL
malini.007
- Jul 16th, 2009
Special GL is an GL other than the normal GL for AR and AP. Like Down payments (made or received), Bills of exchange etc.Yes, there would be two accounts for a particular client one normal and one special.
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Sub Ledger
If your Accounts receivable balance in the general ledger has a debit balance of $110 and your sub ledger has a debit balance of $100 what do you have to do
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What are the importent tables in peoplesoft finance modules AP,AR,AM,GL and po
bamaboy
- Dec 18th, 2009
The important tables in Finance are as belowAccount Payables:DISTRIB_LINEPAYMENT_TBLPYMNT_VCHR_XREFPYMNT_XREF_VWVCHR_ACCTG_LINEVENDORVENDOR_ADDRVOUCHERVOUCHER_LINEAsset ManagemntASSETASSET_ACQ_DETASSE...
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Explain about Capitalization of Internal, External Asset?
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
- 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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What is the meaning of Gl reconciliation?
Karuppasamyvm
- Nov 18th, 2010
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 reconcliation.
Arun K Rajan
- Aug 1st, 2007
GL Reconciliations are list of items that make up a GL account. For example, list of current unreversed accruals in a Sundry Creditors Balance sheet account. The items in Reconciliation should be iden...
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What is the Difference between Single Entry system & Double entry system?
sreejithsr
- Nov 28th, 2010
In Single Entry System Cash / Bank transactions mentioned in same column But double entry transactiones mentioned in seperated by Cash & Bank column.
mrforever
- Jan 21st, 2008
Single Entry is an incomplete record of book keeping Whereas Duble Entry is an complete record of book keeping.
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What are PTD, QTD and YTD? Explain
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
- 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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How to exceed the funding budget amount limit in the actual journal?
Basit Mursaleen
- May 11th, 2011
We can exceed the funding budget through using alternative depreciation methods and through borrowing short term loans.
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Suspense Account
Hi Friends,I have a problem with suspense account. I been working for some organization and they have been getting this suspense account error since 2003. But its a big organization and they didn't consider it as a problem so far..but now-a-days this suspense account is increasing rapidly and decreasing rapidly.. Could you pls tell me how to clear this suspense account. They are using Oracle Applications...
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What is meant by group chart of accounts in sap fico
NAVEEN
- Nov 25th, 2011
Group chart of accounts used for consolidation purpose
keshav311
- Jul 5th, 2007
Group coa isa corporate level glsbasically used at consolidation level these coa will be viewed by the directors of the corporate comapny with diffrent gl numbers otherthan operative coa and country spcific coa these gl nos should not be over laped
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General Ledger Interview Questions
Ans