William

• Jun 13th, 2006

Hi,Future period means in oracle not yet opened, u can't post any entry in this period, U can have two future periods or one displayed in calander options, adjustment period means, normally comany may...

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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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i.durgasankar

• Oct 30th, 2006

           every project has 5 phases.   In the first phase u define the business process. in this the client entire business structure represent...

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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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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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ramanjaneyulu

• Dec 21st, 2006

we can integrate the general ledger with subledger through reconsilation account.

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srinivas maddali

• Jan 10th, 2007

Flow in General ledger:1 Define value sets : setup--> financials--> flexfield--> key--> validation--> sets.2.Define accounting flexfield(key flexfield) : setup--> financials--&g...

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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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satyann

• Sep 10th, 2006

hai,planning is generally part of controlling. however, we can plan for the general ledger accounts in finance module of sap. this can be done to prepare the variance analysis within financial accounting.regards

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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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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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A provision of costs.

Manojkumar Balakrishn

• Aug 20th, 2007

Accruals allow expenses to be reported when incurred, not paid, and income to be reported when it is earned, not received. An accounting method that measures the performance and position of a company...

rama krishna, chirala

• Aug 2nd, 2007

An accrual means recording the transactions, to the related period financial statements for example m/s james & co. has policy that to pay rent of the month at the 3rd of next month. if company prepar...

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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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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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hanu_tuhin

• Sep 18th, 2007

Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling ...

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Chaos

• Nov 15th, 2007

General Ledger is the final repository of all the journals from the various sub-ledgers. I have 3 yrs in GL including 3 end to end implemetation.The implementation of GL can be divided into 3 broad ca...

Arun K Rajan

 Profile Answers by Arun K Rajan Questions by Arun K Rajan

• Aug 1st, 2007

I have 3 years strong General Ledger experience. Major tasks include processing monthly accruals and adjustments, preparing and reviewing balance sheet reconciliations (review involves analysing and r...

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

"Prepaid Customer' Reconcillation Details. or Advance billing Customer List.

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

Captial A/c , Drawings a/c , Fixed assets purchasing and so on. According to the double entry system each transaction have two side debit and credit. there are some transaction satisfied with balance ...

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

Fiscal Year means the financial year .In india it is April to march. In singapore it is July to june. In hongkong it is Jan to dec. Normal year is nothing but english calendar year jan to dec. If the ...

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