-
-
-
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...
-
-
What is an Invoice?
Carlos Lopez Campos
- Jun 7th, 2016
It is a document that contains details of receipts (payments) and Shipping (receipts) for payment and collection between commercial entities
viren56
- Oct 21st, 2011
An Invoice is a commercial document issued by seller to buyer indicating the products/ services, quantities and agreed pricess. primary attribute of an AR invoice are: 1. Inv Number 2. Inv date 3. Cur...
-
What are different period types?
Geek_Nerd
- Apr 22nd, 2016
The most standard period types are :
1. Month
2. Quarter
3. Year
We use these period types when we define the accounting calendar for our organization.Veeranjaneyulu
- Apr 6th, 2016
1 Monthly
2 Quatarly
3 Half yearly
4 Yearly
5 Weekly
6 Daily
But someone give that answers that one related to period status like open, close, never open etc. -
AP Information
What kind of necessary AP information will you gather from the client who is involved in manufacturing.
-
-
Can anyone tell me about MRC and Multi-Org?
THIRUPATHI JETTY
- Apr 17th, 2014
MRC:-if you want your primary ledger accounting data in another currency representation will use multiple reporting currency (MRC) for reporting purpose... Multi org:- this is new feature in R12, mu...
mirunalinimiru
- Apr 24th, 2008
Step for the following Multi-Org1.Define Location2.Define Organization3.In Organization Define Legal entity4.Define Operating Unit5.In organization Define Accounting Information, Attach 1. Sob,2.attach Legal entity,3.operating unit
-
Calendar
what is the difference between Normal calendar and special calendar?
sreenathreddy.cp
- Mar 7th, 2014
Calendar are two types
1.accounting calendar
2.transaction calendar (optional)
accounting calendar there are two types
1.calendar (normal/regular/general)
2.fiscal calendarmadivalappa
- May 27th, 2009
In GL we can define 2 type of calendars. One is Calendar (normal Calendar)and another Fiscal calendar. Normal calendar uses the year in which an accounting period begin for the system name ....
-
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...
-
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...
-
Intercompany in GL
What is the purpose of Intercompany in GL? Explain purpose of criteria
ajith kumar s
- Nov 9th, 2012
?ntra Company : If any transactions takes place between the branches with in the legal entity is called as Intracompany Inter Company: If any transaction takes place between the branches across the ...
narasimhassk
- Aug 21st, 2012
INTRA :- Transactions with in the same legal entity is called Intra Company Transactions
INTER:- Transactions across the legal entity is called Inter company transactions. -
-
What you meant Retained Earnings? When the Entries are created and what is the entry?
vikas
- Apr 30th, 2012
Retained earnings derived in Oracle terms as Sum of all Revenue Account Balances - Sum of all Expense Account balances for the accounting year.They are calculated when you close the last period ...
tonyj666
- Mar 31st, 2010
Retained earnings derived in Oracle terms as Sum of all Revenue Account Balances - Sum of all Expense Account balances for the accounting year.They are calculated when you close the last period ...
-
What is Consolidation in GL?
viren56
- Oct 20th, 2011
Consolidation means : merging the financial data of all subsidiary ledgers(SOBs) into one Parent SOB. STEPS: 1. Run 'Translation' if the subsidiary SOBs have different currency than parent. 2. Defi...
Spice
- Dec 10th, 2007
Consolidation is 'consolidating different books' into the parent company to get a final pictrue of all subsidary and parent companies put to gether. It may be noted that the currency, coa and calender can be different with these sobs
-
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
-
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...
-
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...
-
Troubleshooting in Support Project
Give some examples of troubleshooting in support project with regard to AP,GL,FA Modules.
Binuss
- Apr 1st, 2010
When bill is matched against a purchase order accrual account is appearing instead of account mentioned in purchase order. In Purchase order in more tab of the shipement window match approv...
GL Interview Questions
Ans