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GL Interview Questions


GL Interview Questions

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 GL Interview Questions
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Latest Answer: The Retained Earnings is retained from business or the total profits generated in a financial year which is not distributed to shareholders. ...
Read Answers (4) | Asked by : K.Senthil Kumar

Latest Answer: HiCross-Validation Rules :cross-validation rules Determain which combination of Valid segment values are invalid, regrdless of the user,s responsbility.1.Enable The Cross-Validation Rules at Structure levelNav:setup > Financials > Flefields > ...
Read Answers (1) | Asked by : ravi prakash singh

Latest Answer: Oracle Applications require flexfield qualifiers for some of the key flex field structures. There are total of four segment qualifiersa) balancing segmentb) natural account segmentc) cost center segmentd) intercompany segmentBalancing segment - determines ...

Latest Answer: It is a Accounts Payable feature & quite similar to Intercompany function in General Ledger. It is used to Creat multiple Liability linefor the transactions between sister concerns (May be between sister companies). For Ex: Say two companies ...

Latest Answer: 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 feature in Oracle that allows you to maintain and ...
Read Answers (2) | Asked by : ramasrith

Latest Answer: 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.  ...

Latest Answer: To close the periods nav to setup/open-close and give as close option and its not a big deal ...

What Is AIM In Oracle Financials? Where we can use this AIM?What is Role of AIM while Implementation Project?

Latest Answer: 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. ...
Read Answers (2) | Asked by : Satyen

Latest Answer: But due to limitation of 60 periods, irrespective of years, in defining a budget, you will not find any use of defining a budget for daily calendar which may contain more than 60 days. ...
Read Answers (2) | Asked by : Suresh

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