-
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
-
-
-
Journal posting error - unbalanced intercompany segment values
When i m posting a journal, its showing posting error "unbalanced intercompany segment values"can anybody tell me that why dis error is coming and how 2 rectify it
Spice
- Dec 10th, 2007
R u using the same balancing segment?? if yes - have u selected Balance Intercompany Journals in ur Books?? if not u have to check the box.
-
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
-
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...
-
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...
-
Retained Earnings
If Retained Earnings account is showing wrong figure (amount), what it means?
liusigou
- Jul 11th, 2008
Some account's type are wrong.If you check the balance of all the account you will find that the balance of some account had not been carrid forward themselves but into the retained Earnings
-
If I delete my budget org, will the budget amounts be deleted?
mnrapps2008
- Jul 21st, 2008
No by deleting the Budget amount will not be delete from GL_Balanace tableNarayana Reddy
-
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...
-
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...
-
What is Budget and Encumbrance ?
James123
- Feb 8th, 2010
Simply a budget is a kind of Reserve kept for future purpose expenses for KNOWN expense overheads. Ex: Stationary, Machinery, Computers, Bonuses..etc. etc.. Whereas Encumbrance&...
peterson1975
- Nov 16th, 2009
A budget is a forecast (estimate) of cost, expenditure or /and revenue for a specified period of time. it may include one or mare accounting years. It is used to major the achievement of the company...
-
Why don't my Detail budgets roll up to my Master budget?
sirikils
- Mar 22nd, 2010
Master or detail budgets are used to control authority and identify budget that exceeds control limits. they are not intended for reporting purposes.
-
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...
-
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...
-
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...
-
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...
-
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 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 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 ...
GL Interview Questions
Ans