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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. -
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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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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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 ....
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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
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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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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. -
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...
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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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GL Interview Questions
Ans