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What is India localization used for? Is it required only for the VAT setup?
VijayAkumalla
- Dec 8th, 2006
To add to this, India Localization deals with Indian Taxes. It's a layer over the standard Oracle Apps. It has User Interfaces thru which when transactions are made, Indian taxes apply.
K Chandra Sekhar
- Dec 7th, 2006
India Localisation is a patch that is applied to the data base, to make it more adaptible for Indian Laws.
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What is SWEEP Program?Explain Process Of Sweep Program&Process Of Closing Periods?
mirunalinimiru
- Apr 24th, 2008
You can;t close the period if u have any un- accounted transation.. so u can Sweep the un -accounted transation to the Subsequent periods..here is the path Control-Payable- Accounting period(B)Sweep.
Bikash
- Jun 15th, 2007
This particular program?is?run in order?to transfer un-accounted invioce to next opened period during period end closing of Accounts Payable.In fact you can't close Payable Period if you have Un-Ac...
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If client is asking 6 segments, on what basis you will decide how many segments do you required?
danishkaleemhameedi
- Aug 12th, 2008
Well I dont think that this question is useful, because usually client decide that how many segments they want to have in COA . It is totally their requirements we can add or less 1 or two segments bu...
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AP Information
What kind of necessary AP information will you gather from the client who is involved in manufacturing.
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Can I delete a budget?
Srinivas Chowdhury.
- Dec 5th, 2006
Yas, we can delete Budget.
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Explain if translation is necessary when using multi reporting currency?
Narayana Reddy
- Feb 27th, 2013
By Using Translation we can translate number of currencies.
By using MRC we can translate up to 8 reporting currencies only.
roycbe
- Mar 24th, 2008
First let us see what is Translation? Translation is a process that allows you to restate your financial functional currency into a reporting currency.Now let us see, what is MRC? MRC is a unique...
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What is Set of Books? What are the four conditions when you change your SOBs?
Spice
- Oct 3rd, 2007
Set of books are created keeping in mind the 'Accounting Structure". This is made up of 3 'Cs' - Chart of Accounts, Currency and CalenderChart of accounts is made up of segments. Max ...
sumalatha.m12
- Jul 11th, 2007
Set of book means linking between the 3cs i.e chart of accounts, calendar, currency and maintain 5 mandatory accounts
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What are cycles of GL, AP, and AR?
vishnu
- Aug 16th, 2011
The process of accounting to the vendors, customers and accounting in the books of ledger is know as the cycles of AP, AR & GL.
chvgupta2001
- May 6th, 2007
AP CYCLE IS AS FOLLOWSFIRST WE HAVE TO CREATE THE SUPPLIER DETAILS, TAX CODES, PAYMENTS TERMS,ETCAP CYCLE STARTS FROM PO MODULE.ONCE THE PO IS CRATED IN PO MODULEPROCESSING INVOICES BATCHESRELEASING T...
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What Is AIM In Oracle Financials? Where we can use this AIM?What is Role of AIM while Implementation Project?
Nishant Rathore
- Aug 12th, 2009
AIM?stands for Application Implementation Methodologies. AIM is a standard methodology used in Oracle application implementation.
shrikantgarud
- Jul 9th, 2008
“A methodology is a set of guidelines or principles that can be tailored and applied to a specific situation.” In a project environment, these guidelines might be a list of things to do. A...
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Consolidation in GL
what are the pre requisites you have to before going to run the consolidation in GL?
katavenky
- Jul 5th, 2010
Consolidation means merging the financial data of all subsidary ledgers in one parent ledger (ledger is a replacement for sob in R12 with some additional features). Here is the process for c...
satishmkumar
- May 20th, 2009
Consolidation is a process of MERGING SET OF BOOKS(SOB).Consolidation can be done in two(2) ways----1. Segment Rules2. Account Rules1.Segment Rules----- Segment Rules are used when the Chart of Accoun...
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Recurring Journals and Mass Allocation
what is the difference between Recurring Journals and Mass Allocation?
ajith kumar s
- Nov 9th, 2012
Recurring journals: If you record the journals repeatedly that will call as recurring journals that means periodic transactions. we have 3 types recurring journals those are 1) Standard recurring jou...
satishmkumar
- Jun 25th, 2009
Recurring Journals: The Journals which are repeated one or more periods are called as "Recurring Journals. Recurring Journals are classified into 3 Types:1.) Standard Recurring Journals2...
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What types of invoices are there in AP and AR?
kinj84
- Jan 28th, 2008
Accounts Receivable Transactions are:1) Invoices2) Credit Memos3) Adjustments4) Chargebacks
kinj84
- Jan 27th, 2008
Accounts Payable Invoice Types are:1) Invoices2) Credit Memos3) Invoices to Match purchase orders and/or receipts4) Invoices for prepayments or advances5) Invoices for employee expense reports6) Recurring Invoices7) Imported Invoices from another system
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What are the possibilities of having such error
The company has 6 segment in the accounting flexfield01-company values----> 10 -5002-location values----> 02-0503-division values----> 000-07504-cost center values----> 1001-600105-product values----> 00000-9999906-sub ledger values----> 0000-9999now when a journal is been created like journal 1. ...
Danish Jilani
- Sep 3rd, 2011
The company has 6 segment in the accounting flexfield but account number in question has 10 segments. Also the 3rd segment 03-division values----> has values set to 000-075 the "111" will never appear in LOV without defining it.
prasadsmahajani
- Jun 29th, 2011
Your structure does not have a Natural Account Segment....That might be the reason your are getting error...plz chk and post here whether it worked or not
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In GL there is no org id. So how can we differentiate the data different operating units when no other modules are given ?
tonyj666
- Mar 29th, 2010
Some background, assume Org id = Operational Unit A GL set of Books may consist of entries from many different Org Id's. Within the AR & AP (the sub-ledgers) the org id and set of b...
oraconsultant
- Jul 24th, 2008
Hi,As per the standard oracle functionality only one operating unit is assigned to GL responsibility. You need to create different GL responsibilities for different operationg UNits If there are multi...
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I am confused about inter company journal balancing.As far as I can tell, it does one or both of:1) If you enable it you *can* post incorrect (i.e. imbalanced) journals. And if you disable it you can't (i.e. all journals must balance - A GOOD THING, RIGHT?)OR2) If you disable it there's no way for you to post between companies. And if you enable it you can (A GOOD THING).Is the setting there so that you can do (2), even though an undesired consequence is you have to accept (1)?From a manager's point of view, is it a good thing or a bad thing?Thanks.(Sorry if this is unclear - it's hard to explain what I mean).
Amol
- Aug 8th, 2016
Hi, I think your confusion is about intracompany transactions, I will try to clarify it. There are 2 types i) Intracompany & ii) Intercompany Your question is is regards to intracompany. Whi...
tonyj666
- Mar 31st, 2010
If you enable intercompany balancing and post an out of balance journal Oracle will create the necessary journal entries to balance. So you can load an out of balance journal but Oracle wil...
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How to import data to General Ledger by Feeder System?
roycbe
- Mar 25th, 2008
There are several ways to import data into GL. It basically depends on the type and size of file among other considerations. Feeder system can be typically taken as - internal transfers - within O...
GL Interview Questions
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