GL Interview Questions

Step for the following Multi-Org
1.Define Location
2.Define Organization
3.In Organization Define Legal entity
4.Define Operating Unit
5.In organization Define Accounting Information, Attach 1. Sob,2.attach Legal entity,3.operating unit

thank for ur explanation ramarao

Define Special Calendar after define recurring invoices.

Recurring invoices are the invoices which we use repeatedely.            Some Invoice we have to generate frequently or periodically in that case...

By Using Translation we can translate number of currencies.

By using MRC we can translate up to 8 reporting currencies only.

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: 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...

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...

Ìntra 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 ...

INTRA :- Transactions with in the same legal entity is called Intra Company Transactions

INTER:- Transactions across the legal entity is called Inter company transactions.

CVR; restriction of invalid combination in Char of Account Level

Security Rules; To restrict of Segment values at responsibility level

CVR: Restrict the users of particular combination values

Security rule: To use particular values group of values are must implemented

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 ...

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 ...

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...

Accounts Payable invoice is a document that is sent to the buyer from the supplier. It lists item, price, quantity and the total amount along with tax lines. All the items bought by the company are li...

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...

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

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.

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

The process of accounting to the vendors, customers and accounting in the books of ledger is know as the cycles of AP, AR & GL.

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 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...

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...

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...

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...

Sorry to say that as u have said urself - its a little difficult to understand ur questionIntercompany transactions are mainly to make payments on behalf of other companies (sister concerns / subsidia...

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...

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...

Master or detail budgets are used to control authority and identify budget that exceeds control limits. they are not intended for reporting purposes.