http://www.allinterview.com/Interview-Questions/Oracle-Apps-Financial.html 1.what is the gap analysis, how do you defined.

what are the pre- requisities Answer# 1 GAP analysis in ERP implementation is to identify andsuggest the ways to bridge the gap between 'as is' and 'to be'. GAP analysis suggests the changes and steps to bring in these changes, so that ERP benefits are received in full. 2. can you explain aim methodology, what are the documents need to be prepare as functional consultant, explain about gap. Answer : AIM provides the Basic Outline with which the wholeImplementation Process needs to be handled after theContract to Implement the solution is signed with theCustomer. This has so many steps, documents and Templates and the Implementing Company can decide on which are the steps, documents and templates to be used Steps Definition: ---Conduct current business base lineRD-020 --Develop high level process designBP-70

Operational analysis --Gather business requirement RD-50 -- Develop future process model BP-80 -- Map business requirement BR-30 Solution Design -- Define application setups --BR-100 -- Develop system scripts -- TE-40 Build Transition Production 4.What is profitability? How do you map 'segment wise profitability' in Oracle? Answer : The Accounting standards in various countries expects the organization earning revenue from multiple product segments to show the segment wise profitability information as a part of the Financial Reporting. Here is how you can set up the same in R11i. 1. Set up an item category as 'Product Segment'. 2. In the GL Set of books, create a chart of account segment as 'Product Segment'. Give alidation as table, and link it to the product segment field in the item category table. 3. Set up the cost of goods sold account in such a way that for each item, the corresponding 'Product Segment' value is debited during a shipment. 4. In the item attributes for invoicing, change the 'Product Segment' value in the 'Revenue Account' field to the corresponding value for each item. -- Perform system testing -- Perform acceptance testing -- Begin Production TE-110/120 TE-130 -PM-80

5. In AR, set up the auto accounting to pick the 'Product Segment' Value from the 'Standard Lines' for Revenue Account. 6. Create an FSG report to capture Total Revenue, Total Cost and the Profitability for each Product Segment. In R12 there is a feature called 'Supporting Reference' which can provide you with the same information. This means that you need not create a chart of account segment called 'Product Segment' in your ledger. However you will need to create a custom report to provide you with the profitability since segment wise revenue information is available in AR and segment wise cost information is available in 'Cost Management' for Discrete inventory and 'OPM Financials' for OPM 5.Oracle financials talk of Set of Books. However at the beginning of an implementation, when you talk of set of books to the CFO, he will most likely tell you that 'He has just an accounting book for the organization'. So he feels that he does not need 'Set of Books'. How can you reconcile the above two statements? Answer #1 Accounting set of books is just simply the same as the set of books with an expanded use for system and orderly reporting purposes. Set of books or Ledger have the following configuration: 1. chart of accounts 2. calendar 3. currency if all of your companies is the same set use as above, you can share one set of books, meaning you can commonly use the 1 set up of set of books, but any one of above is diff. you have to create another set of books. Whereas accounting book is commonly terminology in accounting while we are the class room during college days. But if you will ask for the definition of it, the meaning and content is the same as set of books. 6.Is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION SEGMENT RULE in flex field structure while setting up the CROSS VALIDATION RULE. plz clarify my dt Answer Security rules for restricted segment values that user can enter during data entry. The list of values will only display that are not restricted by security rules assigned to the responsibility whenever your user logged on as. Security rules can be applied to KFF and DFF. Cross-Validations Rules are used to define valid flexfield combination. CRV ruled define whether segment values of particular segment can be combined with other segment values of other segment of same key flexfield. CRV can be applied to KFF only. exceptions Inventory flexfields. CRV is required after enabling dynamic insertation So its not mandatory to enable security rule check along with cross validation segment rule in flexfield structure while setting up CVR rule

7.While setting up the cross validation rules is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION RULE check box in flexfield structure. plz clarify my dt Answer #1 No,it is not mandatory because cross validation rule is used restrict end user entering the code combination it will work chart of account level. Security rule is used restrict the end user entering the ssegment it will responsibility level. 8. Why system asks enter valid cost center while Creating internet Expenses but i entred my cost center system ask same question could u please give me answer Answer When entering an Expense Report system checks the employee HRMS record to find out the cost center to which the employee is tied to. You can have iExpense responsibility for multiple operating units but your HR record will be tied up to one cost center for a particular operating unit. If you wish you can change the HR record and use a different cost center. 9. i am trying to raise transaction in AR , item is not select this work bench, i am trying to different supplier, i am face that again same problem . pls send me my problem. Answer: check your inventory org, whether you defined or not,if defined add your "inventory org" to "item validation organisation" in "order management" Navigation> OM> SETUP>SYSTEM PARAMETERS> VALUES select "Item Validation Oranisation" and attach your "inventory Oranisation". now if you defined invoice transaction in A.R your Item will be available from the list of values at line tab. 10. whenever i run the programe transfered to GL from payables that programe is shown with warning error and not transferred entries to GL . Answer # 1 First of all the warning error need to be known if it WACO(way after cut off) then ignore it as the current period might not be set in the constant. A/P constant should be set.In JDE the error and resolution is been screened in red so that after reading it try to resolve 12. Intercompany setup in oracle applications with transaction processing Answer : Step1:Enable the Inter company balancing check box by updating ur ledger Step2:Enable the Inter Company balancing segment qualifier for ur balancing segment value Step3:Define 2 LEs with with each having atleast one company LE1:A,B companies LE2:C,D companies

Step4:Now define rules --query ur ledger and update towards intercompany a/cs. --click on relationships towards LE1 --give transacting bsv(A), trading LE as LE2 and trading bsv (C). --give payable and receivable a/c s --click on relationship towards LE2 --give transacting bsv(C), trading LE as LE1 and trading bsv (A). --give payable and receivable a/c s Step5:Now enter txns enter-journal-enter line1 asset of company A DR line2 cash of company C CR post and requery now the txn should be company dr cr A asset C cash A payables C receivables 13. A check issued to supplier has become time-barred and supplier returns it requesting for a new check. Can the existing check be voided and a new check be issued simultaneously? Answer: Yes.You can,do the follwing 1) Query the Payment which you made,and click on actions 2) select Reissue.and click on .'OK' 3) by that your existed check was voided and new check will be issued. 14. WHAT IS ACCOUNTING CONVENTION, WHY WILL WE USE IT Answer Accounting Convention which is nothing but sub-ledger accounting. It is the additional feature introduced in R12 For Eg. If the company in India is primary company and it has branch at US which we can treat as secondary or subsidary, 1) In us its functional currency is USD which differs with Primary country functional currency, 2) In US Calander is from 01-jan to 31-dec and in Primary company Calander is 01-APR TO 31MAR

3)BASED ON PRIMARY COMPANY REQUIREMENT ACCOUNTS ARE CREATED AND SAME WAY SECONDARY COMPANY ALSO HAVING ITS OWN ACCOUNTS KEY FLEXI FIELDS In the above three conditions also we can make a consolidated Trial Balance In Oracle Terminology 4Cs in R12 so, we are using it. This is my understanding, if there is any difference please let me know. 15. WHAT IS ACCOUNTING CONVENTION, WHY WILL WE USE IT Answer #2 In R12 the Set of Books concept was replaced with Ledgers; i.e. the 3 Cs became the 4 Cs: Set OF Books Ledger 1. Chart Of accounts 1. Chart Of Accounts 2. Functonal Currency 2.Functional Currency 3. Calendar 3. Calendar 4.Accounting Conventions The Accounting Convention aspect of a Ledger is enabled by Oracles introduction of sub-ledger accounting, which facilitated multiple accounting representations of a single transaction. (This very fundamental point is absolutely key to understanding SLA: the transaction entered has now been separated from the accounting entry created from it).Ledgers reflect accounting conventions. The balance on your "revenue" account has meaning only insofar as it reflects your definition of revenue We make it easy to construct meaningful balances by posting to the accounts according to easily articulated and controlled rules that are applied to each subledger transaction. The rules are set up in Oracle Subledger Accounting and are assigned to individual ledgers. Groups of rules can be managed in sets that we call "Accounting Methods". For those situations where you must comply with both local regulation and a parent GAAP, the rules engine allows you to account for a business transaction using different conventions. This support can be tailored to the complexity of the situation, from automatic adjusting entries in the same ledger through completely populated secondary ledgers. For example, by using two ledgers with the appropriate conventions, a French firm with a subsidiary in the United States (US), can automatically create local bookkeeping in accordance with US principles (in the US primary ledger), but also simultaneously maintain accounting for the same transactions in accordance with French regulations (in a French secondary ledger). 16. what is the difference between inventory org id and inventory organisation id . Answer: Organization_id comes under Inventory whereas org_id comes under Operating Unit Level. 17. What is the period end process in AR. What is the reports required for peeriod process Answer : Reports used in AR period end process. AR Reconciliation report ,Journal Enteries

Report ,Aging report ,Sales Journal,transaction register. receipt Journal,receipt register.AR to GL reconcilliation. 18. what is the revenue recognization program in ar &what is the difference between aging report and revenue recognization report. Answer : i think revenue recognition program determined when we want to recognize revenue. aging report in payable shows the supplier balance according to the aging period for ex: 0-30, 3060,60-90 ... period . 19. Scenario: I have 3 AR invoices. 1. Inv1 - $1000 2.Inv2 - $2000 3. Inv3 - $3000 I am ceating receipt for $6000 against the 3 above invoices. Question: Can I reverse the receipt $2000 for Inv2 alone? If so How can I do that? please help. Answer:You can un-apply Inv2 and allocate the $2,000 difference as un-apply amount. You cannot change the receipt amount, or you may reverse the whole receipt and create a new one. Hope this help. 20. Can any tell me about R2R FINANCIAL PROCESS? Answer : Full form of R2R is Report to record. This is month end process in which basically user will close all the periods and import all the journals in GL from other modules (Payable, Receivable, Fixed Assets etc.). Then run all the month end GL reports like Trial Balance, Account Analysis ect . 21. Client's requirement is that first invoice would be a proforma invoice. Second invoice would be Tax invoice. Presently, we are unable to use this approach of payment? Answer : When we receive the Pro-forma Invoice we will process for Gross amount ( with out considering Tax) and we will pay to the supplier,after receive the TAX invoice for the Pro- forma invoie we will process the Dummy Credit for the Proforma invoice and we will process normal Tax invoice with tax, after that both invoices payment method change to wire and we will close the manually for our account purpose. If the invoice processed based on Purchase Order. 1. Proforma invoie we will process with Gross amount fully with out tax. 2. when we process the Tax invoice we will process Dummy Credit with the PO ( in this case total PO amount will go back ) 3. after processing DC we will process normal TAX invoce and match with net value for the PO. 22. Please tell me what is kick off,As is,to be process at the time of implementaion in details. Answer :

As-Is Document's tells what is client current business process,How Client is running is Business Now, What is his current using application like excel,tally...these all details mention here, Here As-is Document Studying the process we follow BP040 Docus, RD020 Docs.......... To-Be Document's tells How Client want to run their business in Oracle appication,Future requirement with new future.... For ex:: He using tally his current business He Will Be Change to Oracle Applications Here To-Be Documents Understanding the process we follow BP080 Docus...Kick Off is a Meeting Between Two teams Introduction and talking regards their Reuirements... 23. Please tell me what is kick off,As is,to be process at the time of implementaion in details. Answer : Any Oracle Apps (or simply any ERP) will have following sequence of activities. 1. Kick Off Session 2. As is Business study 3. To Be business and so on (other steps are not recorded here as rest steps are out of scope of the question). Now let us see what: 1.Kick Off Session:-It is the meeting between Customer (for whom ERP is to be implemented and the implementer typical activities og this session includes a) Formation of various teams (from both side) or committees like steering committee, implementation team b) PID presentation. 2. As IS business study: -implementation team is responsible for conducting As IS business study (which is nothing but the in which current business works) by interacting with customers implementation team. At the end As Is business process document is prepared and reviewed and frozen. 3.To Be Business:- Implementation team will map the functionalities in the free zed AS IS Business process document with the available functionalities in the selected ERP Package. And identifies if any customization is required to meet customer requirement. at the a document called To Be Business process document will be presented by the implementation partner which gives over all structure of the business after ERP is implemented. 24. what is the difference between debit memo and credit memo on oracle AR. Answer : Credit memo: To decrease the customer balance for any price corrections,discounts,wrong billing for these reasons we create credit memo.credit memo against transaction: will reduce the transaction balance.Credit memo against customer: will reduce the customer balance accounting entry for credit memo: Revenue a/c - Dr To Receivables a/c Debit memo: To increase the customer balance for any price corrections,interest charges,late payment fees,etc. Note: We can't increase the transaction balance by raising the debit memo. However we can increase the customer balance.

25. how to change the precision from two places to four places. Answer In GL responsibility go to currency setup NAV:setup->currency->define put the required currency there and all other required fields and under pression field you can change the precision as reuired. 26. What is the major differance between Multi-Org setup in 11i and R12 instance. Answer : In 11i Legal Entities are nominal and mainely for Government Reporting entities for Tax porting and VAT registration. All the operations and transactions are happening at operating Unit level. But In R12, Legal entities become major and all transactions happening at legal entity level. Banks and business entities are controlling by the legal entities.and Legal Entity definition included with territories, legal address, Legal Entity Identification Number, Legal registration, Legal Establishment etc., This is very mush suitable for shared services organizations through MOAC functionality. 28. you have received excess money from the customer. now you want to refund the excess money. what is the set up for that? Answer In Oracle Apps 11i, 1st create a credit memo against the customer invoice and apply the credit memo with this invoice. Then create the customer as a supplier in AP and create a invoice and do the payment. In Oracle Apps R12, 1st create 1 Refund activity called "Customer Refund". Then query the receipt in receipt window, and click on the apply button, select the "Refund" in apply to column and click the Refund attribute button. Enter the required field in the new window, and save the record. As you save the record "Refund Status" button will visible on the screen. Click on "Refund Status" button, system automatically create a AP invoice against the trading partner. 29. what is the difference between General Calendar and Inventory Calendar? Answer :GL calendar is the your financial calendar as part of the 3Cs in 11i.Inventory Calendar is also called as the Workday Calendar. It is also known as the Manufacturing calendar. In a workday calendar you specify which days are worked within your organization and which shifts are available to be worked.When you are defining an inventory organization, you need to assign the work day calendar / inventory calendar. 30. What in Invoice Variance in A.P. Answer : Invoice Variance is the difference between the Supplier Invoie and a mix of PO and GRN. What does it mean is that when a supplier's invoice is recorded in the system, system

automatically compares it with the Price of PO and the Quantity of GRN. Any difference between the purchase price in PO and Price in Supplier's Invoice, plus the difference between the GRN Qty. and the Invoice Qty. toh=gether makes Invoice Variance. 31. what is budgeting and steps required to configure this . Answer : following steps needs to follow for preparing funding budgets: 1. define budget Nav:budget/define/budget 2. define budget organization Nav: budget/define/organization 3.Enter budget journals Nav: budget/enter/journals 4.Post Budget Journals Nav:Journal/post 5.Inquiry funds available ,Nav:inquiry/funds 32. what is withholding tax. Answer : Withholding taxes are the tax amount deducted from employees paycheck. This are subject to be payable to the government by the employer. 33. what is MD050 & wat specifications are included in it. Answer : MD 50 is a part of Build and module design. In this phase if any customizations required we do in this phase. Customization may be in the form of Reports, Forms, or interface. The functional consultant will prepare MD-50(Application Extension Functional Design Document)and MD-70Applicatipn Extension Technical Design Document) Will be prepared by technical consultant Based on MD-50. 34. wat is mass allocation and when it is used. Answer : Suppose department store rent Rs.50,000/- and that department store having 5 departments. This 5 departments occupied in different spaces. Mass allocation will apply to the department rent in 5 departments at an praportionate rate of department spaces which allined in the department. Not only department rent but also this can caliculate electricity, maintenance etc.

35. Assigning natural account to accounting seg. What will happen. Answer .Assigning Natural Account segment to the account segment then only u can available option for segment qualifiers. While defining accounting segment values u need to specify the segment qualifiers. Once applied Natural account segment qualifier u can not change qualifier.

36. If balancing account is not assigned to company & is assigned to department wat will be the effects ? Answer: Then the accounts have to balanced at dept level, and not at company level in most cases which is desirable to balance account at company level.. 37. Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center). Answer :natural account is going to assign to account segment balancing segment is going to assign to company segmentcost center for deparment segmentsecondary tracking segment is used for doing the revaluation and translation. 38. On what basis you will define accounting structure? Answer:The accounting structure is defined considering different parameters. The two major parameters are : The level at which balance sheet is prepared. The levels at which profitability has to be tracked - this could be provisional as well as net. 39. wat is auto accounting: Answer :to specify how we want receiveables to select gl accounts for ur transactions, using autoinvoice or manually. segment source com dep acc pro customer site sales rep tax and memo lines transaction type

we have to specify the source from which the value should be derived from.

40. O2C cycle with which accounts get effected? Answer :O2C cycle flow from order management to Receivables.

Revenue, Receivables, Unearned revenue, Unbilled Receivables, Auto Invoice Clearning a/c, tax, frieght accounts will be effected. 41. P2P cycle with which accounts get effected at each stage? Answer : P2P cycle run from Purchasing to Payables Module. Material receiving at security level: Material receiving a/c debit Invoice AP accural a/c credit Material receiving at stores: Material a/c debit Material receiving a/c credit Invoice entry: Invoice AP accrual a/c debit AP liability a/c credit Invoice payment: AP liability a/c debit cash/bank a/c credit 43. How can I get the Profit & Loss (P/L) report of a period in GL ? plz tell me the parameter name if it required me to submit a new request ? Answer : You need to crate FSG and Run the Request there you need to specify column set name, row set name, period etc., or if you want to run standard request there is a request called profit and loss report. 44. I hv done revaluation corectly even got the result also but why report showing in warning mode in view window after refreshing ? Answer :If you have done revaluation report please check your entries in revaluation. If you have amount are matched to actual scenario you no need to worry about concurrent program. This is showing concurrent program error. 45. What is the basic difference between ship to and bill to, can I hv one ship to but nos of bill to or vice versa or in what way these r related ?

Answer :'Ship to'location is the location where you ship the goods. 'Bill to' location is the location where you send the invoice for the goods that has been shipped.YES! You can have one 'ship to' and many 'bill to'. Example scenario: The company will have one inventory location to store and need to sent the bill/invoice to different offices(bill-to).Also 'bill-to' and 'ship-to' locations can be same. 46. How to transfer the funds between internal banks ? Answer :In R12 Cash Management module, This can be done.There is an option called " Bank Account Transfers", through which you can do fund transfer between two internal banks. To Do: 1. Cash Management > Bank Account Transfers 2. Click on 'Create' button. 3. Give details of transfer date & transfer amount 4. Enter the Source Bank account Number 5. Enter the Destination Bank Account Number 6. Apply. 47. what are the measure differene between oracle 11i and R12 ? Answer : 11i only forms basis application but R12 is now forms and HTML pages.11i is particularly in responsibility and operating unit basis but R12 is multi operating unit basis. 11i is particularly in set of books using and R12 using in ledgers. 11i in MRC Reporting level set of books called reporting set of books but in R12 reporting ledgers called as reporting currency. Banks are using at single operating unit level in 11i and ledgers level using in R12. 48. how accounting transactions in AP module?? Answer :In the Case of client using Cash Management Invoice Entry: AP Accural a/c to AP Liability Cash Management: AP Liability Ac to Cash Clearing A/C. Invoice Payments: Cash Clearing Ac to Cash With out Cash Management AP Accural Ac to Liability Ac Liability Ac to Cash Ac 49. where will you enter tax in ap module ? Answer :

Define Tax rates in Payables under setup=>Tax.Attach the tax rate to supplier site.Raise a PO for this supplier.Add Invoice=> match it to PO.(System will automatically pick the tax rate from PO).You can still override this tax on Invoice Workbench.Validate invoice.A tax line will be added in Invoice Distributions if calculate tax is set to Line or Header.Pay this invoice. 50. how will you find out check no's for a particular invoice : Answer :in front end: Payment 'document numbers' displaying in the payment window. in back end: > select ac.check_num from ap_invoices_all aia ,ap_invoice_payments_all aip ,ap_checks_all ac where aia.invoice_id=aip.invoice_id and aip.check_id=ac.check_id and aia.invoice_number='xxxxxxxx'; 51. When a liability to supplier create in oracle apps ? Answer:The Liability to the supplier arises at the time of Receiving since Invoice is not received we book the liablity as ' APInventory Accrual Account'.Once the Invoice is create then the Original liability may arise. 52. What are the various Implementation method for oracle apps ? Answer :Vanilla Implementation: sticking to Oracle Application standard features and not customising any of the features. Bigbang Implementation: Implementing the application at all the locations of the company on the same day/in one go. 53. What is charge backs in receivable ? and what type of entries it will come ? Answer: charge back means decreasing the liability of a customer. It will be done if the customer has done some payments towards the invoices. there are some other options are there.i.e.creation of credit memo. but it can be apply only when the customer has not done payment.

54. What are the mondatory steps for Receivable module before entering transactions ? Answer: 1)Define system options 2)Open the period

3)Define accounts in transaction type 4)Define auto accounting 5)Define Inventory org 6)Assign inventory org in 'Item Validation Organization'in order management in system parmeters>Values 55. WHAT IS MONDATORY STEPS FOR PAYABLE MODULE BEFORE ENTERING TRANSACTION ? Answer : 1, Choose Set of Book 2, Financial Option 3, Payables Option 4, Bank Setup 5, Supplier Setup 6, Payment Terms These are the main mandatory set-ups which we need to follow before entering any transactions 56. Can i assign a supplier type of bank account to more than one supplier ? Answer : In R12 the bank model is totally changed. > Centralized bank model. > Banks are at LE level unlike OU level in 11i > There is no concept of supplier or customer. Instead called as "Trading Partner" (naming convention). >A Trading Partner can be a Seller (supplier) or a buyer(customer) for the organization. > A bank can be used for both AP and AR or any of these modules.

57. What are the various information that needs to set up inventory org ? in multi org ? Answer: to set up an inventory org we need the data of the supplier and the distributor and transportation facilities which reach at optimum time... 58. What is Auto accounting feature in AR ?

Answer Auto Accounting is a powerful, flexible, and time saving e liability account is picked in the following order Invoice Header > Supplier Site > Supplier Header > Financial Options 68. what is the use of Allow amortized changes in fixed assets? Answer Asset A1 is brought into system at a cost of $10000 in 1996.After 12 yrs,additional parts brought into the same asset and the cost of the asset increased to $12000 in 2008. Now if we run depreciation,it will depreciate from the value $12000 and not $10000.(Allow Amortized changes set to yes).but if you want to depreciate $10000 till 2008 and additional depreciation for $12000 from 2008.(AllowAmortized changes set to No) 69. Where we r defining the payment limits. ex:As per my business requirement business have a payment limit is 10000.Where we defined this type of limits. Answer : Payables > Setup > Payment > Banks Query for the Bank and then go to Bank Accounts. Then go to Payables Options Tab. Here you will see the following options: Minimum Payment Maximum Payment You can define the maximum and minimum amount here. 70. What are the types of key Flexfield forms? Answer Key flexfields appear on three different types of application form: 1. Combinations form 2. Foreign key form 3. Range form These form types correspond to the types of tables that contain key flexfield data. "Combinations form" A combinations form is a form whose only purpose is to maintain key flexfield combinations. The base table of the form is the actual combinations table. This table is the entity table for the object (a part, or an item, an accounting code, and so on). The table contains a unique ID column (also called the code combination ID column) as the primary key, as well as individual segment

columns, a structure ID column, and other flexfields-related columns.The combinations form contains hidden fields for each segment column in the table, as well as displayed fields for the concatenated segment values (the combination) and any other fields (and columns) that the entity requires, such as a concatenated description field. A combinations form is sometimes also called a maintenance form. "Foreign key form" A foreign key form is a form whose underlying base table contains only one or two columns that contain key flexfield information, and those columns are foreign key columns to the combinations table (usually a foreign key to the CCID column of the combinations table and sometimes a structure ID column as well). The purpose of a foreign key form often has very little to do with the key flexfield itself, and that the key flexfield appears on the form is essentially incidental. For example, if you have a key flexfield that represents a part number, you would use the combinations form to define new parts and maintain existing part numbers.You would then have many foreign key forms that you use to manipulate your parts. You might have a form where you take orders for parts, another form where you receive parts, and yet another form where you ship parts. The fact that your part number happens to be a key flexfield is not important to your taking orders for your parts, for example. "Range form" A range form displays a range flexfield, which is a special pop-up window that contains two complete sets of key flexfield segments. A range flexfield supports low and high values for each key segment rather than just single values.Ordinarily, a key flexfield range appears on your form as two adjacent flexfields, where the leftmost flexfield contains the low values for a range, and the rightmost flexfield contains the high values. A user would specify a range of low and high values in this pop-up window. For example, you might choose a range of part numbers for which you want to run a report. The range form uses a special table as its base table. This table contains one or more (usually two) columns for each segment column that appears in the combinations table. However, these columns do not necessarily contain actual segment values, and a row in the table does not necessarily contain actual valid combinations. Usually this table contains two columns for each segment, called SEGMENTn_LOW and SEGMENTn_HIGH (where n is the segment column number),that store the range of values for each segment.

71. What is dynamic insertion ? How to turn off the dynamic insertion ? Answer :

Dynamic Insertion when left on, allows endusers to enter the any number of code combinations during the jounal entry process. However, when it is left checked(which is a default), chances for errors in data entries increases. Dynamic Insertion when turned off allows users to enter only predefined code combinations.(through the predefined cross validation rules). Ideally however, you should leave the dymanic insertion on with the cross validation also checked.. i. Unfreeze(uncheck) the flexfield definition field ii. Uncheck dynamic insertion field iii. freeze flexfield definition again and save 72. What is a Value set and types of value set? Answer Value is nothing but a set of values, which is assigned to a segment. There are 8 types of validation: 1.Independent 2.Dependent 3.Pair 4.Table 5.special 6.None 7.Translatable Independent 8.Translatable dependent 73. in mass addition normally there is an interface that runs from AP to add the items into FA...when does this process occur..is it during the month end after AP closing & is it an automated process.. Is it possible to run any interface in the middle of the month if u want to populate one specific item from AP. Answer Once we finished the process invoice creation in payables we have to run the concurrent program MASS ADDITION CREATE ,Then the system transfer the entire invoice information to the fixed assets ,There we do the remaining process to add the asset to our asset inventory. 74. Is it possible to change the accounting period during the financial year? For eg change it from 12 to 13 months ? Answer Yes. Accounting Period can be changed from 12 to 13. It is done only when you have adjusting entries at the end of the financial year. In 13th Month of Financial Year. period Start date and end date both will be 31st Dec & 31st Dec.

75. Is it possible to match PO from Order Management in AP, if so how ? How does the P.O matching process works in AP?

Answer In case of Drop ship method we create PO and send it to Suppliers. Supplier will send 856 ASN. Then we will validate the Asn if data looks fine we will create a recipt and recieve it into our logical inventory. Once the material is received the system automatically issues items out of inventory and closes Sales order line and inserts the data into AR invoice interface table. We can run Pay on receipt program which will create AP invoice based on teh receipt informtion. Then we can validate AP invoice , Make payment and issue Checks

76. What are the steps in setting up Oracle GL ? Answer : 01- Define Value Sets 02- Define Accounting Structure 03- Define Accounting Segments and Link with Value Sets 04- Assign Qualifier (Balancing Segment, Nature Account and Cost Center) 05- Compile Accounting Structure 06- Define Calendar Type 07- Define Accounting Calendar 08- Enable Functional Currency and Rates Type 09- Create Ledger and Assign to Currency and Calendar 10- Assign Responsibility to Ledger (GL Ledger Name) 11- Create Category and Sequences 12- Assign Sequences with Category 13- Open Periods 77. Define suspense account in Oracle apps and why is it mandatory? Answer :As far as i know, You can simply enable 'suspense account' at 'set of books' level and specify the same account in the respective filed. Well technically it is not mandatory but it's preferable because while entering journals whenever "A debit line is entered with out it's corresponding credit line or credit line is entered with out it's corresponding debit line the suspense account will come into play to balance the entry as per the accounting convention i.e 'double entry system'.You can also customize the suspense account as per your requirements when this setup is done the account which is specified by the user will come instead of suspense account and the suspense line will be added.

78. What is the difference between Currency Translation, conversion and revaluation? Answer : Translation is done from functional currency to reporting currency.

Revalution is done to know the actual balance on specific date with respect to prevailing foriegn exchange rate of a particular account In Translation period end rates and average rates are used. In Revaluation period end rates are used Translation is optional Revaluation is mandatory Difference in Translation will go to translation adjustment account Difference in Revaluation will go to unrealizes gain/loss account Translation should satisfy the conditions namely prior period and following period should be open and translation cannot be done for first period No conditions is required for Revaluation 79. what is recoverable cost, NBV, salvage value? Answer :NBV = Net Book Value (Cost of the asset) Salvage Value = If you're going to retire an asset and out of which you're going to get some monetary value, it is called salvage value Recoverable cost = Depreciated Asset cost that you can recover(guess) 80. IS Automatic write off allowed for both over n under payments?? Answer No, automatic write-off is applicable for only over payments only.Using manual write-off we can write-off both over & underpayments. 81. How would you transfer funds from one bank to another bank in oralce apps? And in which module you can do this? Answer :For transfer the fund from one bank to another use the rececialble activity ,In receiable activity you have to define ccid (same as define in bank) receiable activity credit the bank account & debit is already a method which you have selected this transaction transfer the fund from one bank to other . 82. what is the difference between Financial and payable options in Accounts Payables? Answer: Financial options are the default values that you use for your financial applications i.e., values entered here are shared by payables, purchasing and Assets. these options simplify supplier entry, requisition entry, po entry,invoice entry and automatic payments. Payable Options are the control options used as defaults throughout payables to simplify supplier entry, invoice entry and automatic payment processing.

83. as an oracle financials functional consultant what was your role?

Answer :oracle financials functional consultant's role would be to understand the customer requirement ( need ) and implement his requirement into actual oracle tool. It requires financials knowledge and the implementation knowledge or experience and understanding the client requirement throughly. The client requirement has to reflect when project is implemented and it should give desired output or result after implementation . Also it would continue with constanct support whenever client faces difficulty in production environment or process flow. 84. Why shud we run Expense report import programme in AP..where are we importing from?? Answer : To import the expense invoice details from 'Expense report' window to 'Invoice' workbench. Once we enter the expense details in expense window we need to generate one standard invoice based on the expense information. Unless we can't convert the expense report as std invoice we can't pay to the emp. As it's a std application feature , without invoice we can't make a single payment in application. Expense report is also just like another source (internal), to create std invoice from expense report we need to run the 'Payable invoice import program' (parameter source as 'Expense report'). 85. What is the use of Additinal paythrough days n AP? Answer :Number of days between your regular payment batches.Payables uses the additional pay through days to determinethe default Pay Through Date when you initiate a payment batch. For example, if you define 5 as the value in this field, Payables adds 5 days to the system date to calculate the default Pay through Date when you initiate a payment batch. 86. What is the use of pay group in AP? Answer : PAY GROUP : We use Pay Groups to pay multi invoices in single time,for this payment date should be same for all invoices. But pay through date may not be same,Because the system selects only those invoices which we give as pay through date. Pay Group Creation : Navg: Setup --> Lookups --> Purchasing Create new pay group F11(query mode) PAY% --> Cntl+F11(query execute mode) create new(enter)open new line Eg:Code Meaning Description Date TUP/SAL/OCT TUP/SAL/OCT TUP/SAL/OCT 1-JAN-1951

Adding Pay group to invoices: Navg: invoices --> entry --> invoices

The total invoices should be added with that pay group. (TUP/SAL/OCT)like in above screen. Save your work. Note: We can take invoices with different dates, But payment date is unique for single batch payment pay through date may not be same, Because the system selects only those invoices which we give as pay through date. Exporting all invoices: Navg: invoces --> entry --> invoices Find all invoices using pay group name and Export them in to spread sheet and check total amounts.If both are same do the payment. Export into spread sheet: Group Payment: Navg: Oracle paybles --> payments --> entry -->payment manager Click on Payment Process Requests . Click on Submit Single Request. Give your own payment process request name Eg: OCT salaries for TUP. Give pay through date as per invoice payment date.Specify parameters for 1.Pay Group -> select the pay group name (TUP/SAL/OCT) 2.Legal Entity ->sew infrastructure ltd 3.Payment Curr -> inr 4.Operating Units ->sew infrastructure ltd Note: Don't click on submit. Click on payment attributes Click on submit. Give payment date for all invoices. Select Cash/Bank book and payment process profile(Cash or Check payment) Select payment exchange rate as Corporate . Click on Submit. Check the payment by the name of payment process request .Next Go.... If the status is conformed payment,Payments is done.

87. Why should we run "Replicate seed data" program??

Answer After defining the responsibilities and defining the profile options for each responsibility .We must run the Relplicate seed data program from the system admn resposibility.Before assigning the resposibilities to the users.This is a operating unit specific program and while setting up a new operating unit we need to run it.It provides the new operating unit with basic seeded data for operating the same.If the program is not run the new operating unit may not have the default information.When the said program is run there must be no users using the system. 88. on what basis u have prepared the AIM documents (explain in the detailed manner) Answer Basis for AIM documentation : 1. Companies Quality formats. 2. Client Requirements 3. Oracle Apps mapping with Flow charts and Explanations. 4. Process steps with navigations. 5. Screenshots for user guides using Zap grab. 6. Using existing formats from Knowledge Bank of company.

89. what are the accounting entries which get effected in order to cash cycle ? Answer : Accounting Entries for AR Once the Order is shipped then Material account will be credit and COGS Account will be debit. At the time of Invoice creation Revenue account will be credit and receivable account will be debit. At the time of receipt creation. Receivable account will be credit and Bank payment account will be debit 90. Can you please tell me what is there any differece betwen Payables Open Interface Import" Program and the "Payables Invoice Import" program? Answer : Payables open Interface import : Importing of the invoice lines from paybles module which are generated in purchasing module during the purchasing. Invoice Import : Importing of the invoice lines generated through quick invoices, expenses reports etc. this occurs within the paybles module.

91. What is the difference between Rollup Groups and Summary Accounts? What is the use of those?

Answer :Rollup group & summary group they go together, and are not different functionalites If we have huge accounting structure with many child account and parent during the process of trial balance generation it is faster if summary accounts are created.Summary Accounts get updated Instantaneously, where as in the normal course oracle needs calculate all the balances. Define a Parent Value For a child range Define a Rollup group Assign a Rollup group to Parent Value Define Summary Accounts and call the Rollup group. 92. What are the tables associated with Invoice in AP? Answer : When a Invoice is created basically following tables are populated :1. AP_INVOICES_ALL -- Invoice Header Information 2. AP_INVOICE_DISTRUBUTIONS_ALL -- Line details 3. AP_PAYMENT_SCHEDULES_ALL -- When term is assigned while creating invoice then automatically Payment schedule is create based on term (e.g 30 Net) 4. AP_TERMS_ALL 5. AP_DISTRIBUTION_SETS_ALL -- If You select distribution set to create Invoice Lines Automatically for You. When You Approve the Invoice then MATCH_STATUS_FLAG of AP_INVOICE_DISTRIBUTION_LINES is updated to T. when You Account Invoice then Following Tables are popullated :These below mentioned tables store data for Invoice as well as payments so please check source of the transaction created in these tables. There are two columns in lines table whcih can be used to track these transactions in GL Module. That are gl_sl_link_id and gl_transfer_flag = Y 6. AP_ACCOUNTING_EVENTS_ALL 7. AP_AE_HEADERS_ALL 8. AP_AE_LINES_ALL Once "Paybles Transfer to Gl concurrent" program is executed then, all the accounted enteries with gl_transfer_flag <> Y will be populated in GL_INTERFACE table. If Journal Import with Source = Payables is executed then data is populated in GL_JE_BATCHES GL_JE_HEADERS GL_JE_LINES Then Posting populates this data into GL_BALANCES[If there are 25 lines in a GL_JE_LINES for a particular CCID in a month DEC-09. Then only one line is created in GL_BALANCES table for that particular CCID in DEC-09. This lines has sum of amount of all the 25 lines of GL_JE_LINES) When You Make a Payment for a Invoice then following tables are populated :9. AP_CHECKS_ALL 10. AP_INVOICE_PAYMENTS_ALL

When You do accounting of payment then again accounting tables are populated as specified above i.e. 6. AP_ACCOUNTING_EVENTS_ALL 7. AP_AE_HEADERS_ALL 8. AP_AE_LINES_ALL Remaining process is same as discussed above. In this case Journal Source = Payment 93. what is the difference between Revaluation and Translation? what are the steps in GL? Answer Revaluation increases or decreases the value of Assets and liabilities due to currency fluctuations. Translation converts functional balances to target currency balances. The increase or Decrease in value due to Revaluation is posted to Revaluation reserve A/C Due to Difference in Exchange rates used to translate Assets/Liabilites and Income/Expenses, balance is Posted to Cumulative translation Adjustment Account. 94. How do we integrate the financial Applications(Modules) in the Multi Organization? Answer :Multi org functionality is used to maintain in an single instance the Multiple organizations and their relationships. AN organization can be an OU, BG or an Inventory Org.The releation ship is established by profile assignment to the financial modules. The mandatory profiles are: 1) Hr business group 2) Mo security profile 3) Mo operating Unit, 4) Gl setof books ? GL Ledger name in r12 5) Hr user type 95. what is the tax levels in AP?

Answer : there are three levels. Header, Line, Tax code if u give tax to be calculated at header level System will calulate tax based on INVOICE amount in INVOICE window.if u give tax to be calculated at line level System will calulate tax based on DISTRIBUTION amount in DISTRIBUTION window . there is no much difference between LINE& TAX CODE ONLY DIFFERENCE IS calculate tax, and then round the tax amount. WHERE AS LINE LEVEL calculate tax for each distribution, round the tax amount, then add the tax amounts. 96. What is the Customization? Can any one tell me with examples in Real time scenarios? Answer :Any package available in market are general purpose but if any company want to take them there are two ways either company should change their system as per the available package which is practically not so easy and the second option is to modify/customised the software available as per the company system which is called customization. Example : In real time scenario suppose two different companies A and B bought Oracle Financial (APPS) GL module. but company A want only 5 segments while company B has more details business process and want 8 segment code combination id. this is again part of customization. one want to work in Multi Org setup while other want it for sigle Org , for multi Org also we need to do setups which will be specific to that company only.Balance Sheet is the final output of any organization but the presentation of data in balance sheet is different for different company that is customization only which gives u the data in desired format. 97. Can any one tell me Client Interaction? Answer : Functional Consultants are the point of contact or interactive window to the Client. Understanding the grievances or new requirements or changes from the Project Stakeholders or Point of Contact from the client side. First Functional Consultants understands the problem and differentiate either technical or functional. If it is functional, he should resolve it or technical escalate and resolve the issue from Technical Team. 98. what is the accounting convention? what are they? Answer :The term convention is used to signify customs or traditions as a guide to the preparation of accounting statements. The various accounting conventions are as follows.Convention of disclosure : This convention implies that accounts must be honestly prepared and all material information must be disclosed therein. The term disclosure implies that there is to be a sufficient disclosure of information which is of material interest to proprietors, present and potential creditors and investors. This concept also applies to events occurring after the balance sheet date and the date on which the financial statements are authorized for issue, which are likely to have a substantial influence on the earnings and financial position of the enterprise. Their non-disclosure would affect the ability of the users of such statements to make

proper evaluations and decisions. Convention of materiality : As per this convention, financial statements should disclose all items which are material enough to effect evaluations or decisions. The American Accounting Association (AAA) defines materiality as an item should be regarded as material if there is reason to believe that knowledge of it would influence the decision of informed investor. Unimportant items can be either left out or merged with other items. Sometimes, items are shown as footnotes or in parentheses according to their relative importance.Convention of consistency : Consistency, as used in accounting means that persistant application of the same accounting procedures or method by a given firm from one time period to the next so that the financial statements of different periods can be compared meaningfully. This convention thus implies that in order to enable the management to draw important and meaningful conclusions of performance over a period or between different firms, accounting practices should remain unchanged for a fairly long time. Convention of conservatism : According to this convention, the accountant should be conservative in his/her approach in his estimated, opinions and selection of procedure. In accounting, conservatism refers to the early recognition of unfavourable events.For instance, all possible and expected losses must be provided for.But on the other hand, gains and other financial benefits should not be provided for unless they are realised. In other words, anticipate no profit and provide for all possible losses. 99. how to transfer the retained earning amount from curret year to next year? what is the path in apps financial Answer : Retained earning is one of the most mandatory account without which the setup book cannot be setup and its otherwise called as Fund balance. And the transfer of the retained earning amount is very automated process no manual intervention is required.After netting off of each and every months profit against lossess the ultimate profit gets transfered to the next year.and it gets accumulated in the Adj-period of that year.i mean if one start calculating the profit and lossess of each and every months in a year then would b definitely getting the same ultimate figure lying in the ADj year's profit and lossess account.And that's the amount which gets transfered automatically to the next year under the head Retained earning account.So the path is : through Adjusted year's Trial balanceone can reach at the adjusted profit and loss figure lying in that Adjusted period.Which is the ultimate figure of Retained earning and that figure gets automatically gets transfered to the next year retained earning accounts.

100. why should we create prorate calender and what is the difference between depreciation calender and prorate calender in fixed assets module?

Answer : fiscal year - according to dictionary definition any accounting peroid consisting of 12 months is fiscal year. where as in assets while defining fiscal year we are just mentioning the start and end period.depreciation calender - determines the number of accounting periods in the fiscal year ex- jan, feb, mar.prorate calender - This determines over how many periods to spread the annual depreciation amount (or) else in simple terms it specifies when an asset should be depreciated. Ex: purchased an assest on jan and specified prorate date as mar, in this case the system will run depreciation in the month on mar. 101. : Is Multi Org. setup is mandetory or optional? Answer :Multi Org is an optional setup.During installation of Oracle Apps the multi-org feature needs to be enabled.As such it's purely depends on Business Requirement whether MO is needed or not. 102. What is the difference between Oranisation ID and Org. ID. Is both are same? Answer org_ig is at operating unit level and organization_id is at inventory unit level. 104. How the system will know which entry come from which operating unit. Example A,B and C is a operating unit and bymistake we posted one entry in Operating Organisation A which belongs to actually Operating Org. B. How the system will understand that this entry Posted in Operating Unit A. Answer The question is not straight forward .The basic architecture of a multi org is Business group->legal entity->operating unit->Inventory Org When you do the setups in system administrator for MO: Operating unit u will select u r operating unit information. so the entries made to that particular responsibility belong to that operating unit.Did this solve u r problem or the question is different? 104. Is Operating unit have branches in different location. I.e. same operating unit have One branch at Delhi and another one at Mumbai. Answer An operating unit can have "n" number of braches but the question is at what level do you want to segregate the sub ledgers data? If both Delhi and Mumbai branches are within one operating unit, then the AP Accountant sitting at Mumbai can access the data operating to Delhi Suppliers and Invoices and vice-versa. If this is not a constraint and ok with the business , then one operating unit can be used for both the branches. But, if the business wants to segregate the data and have a control on the same, then they have to go for two seperate operating units. So, though it is possible to have as many branches as required within the same operating unit, it the

business requirement which decides as to whether to go or not to go with a single operating unit for multiple branches. 105. What are the mandatory accounts that need to be setup in Set of Books? Answer : The first mandatory account is Retained Earnings Account.But based on other Standard Options selected, the other mandatory accounts are, a. b. c. d. e. Suspense Account Rounding Differences Account Cumulative Translation Adjustment Account Reserve for Encumbrance Account Net Income Account

106. What's the difference between cross validation rules and security rules? Answer cross validation rules are applicable at accounting structure leval i.e., chart of account leval.its applicable to all account code combinations, it restrict the invalid account code combinations security rules are applicable at segment leval i.e., while defining the segment values. it restrict the user to aparticular function or task. 107. what is the difference between initial mass copy and periodic mass copy? Answer Intial Mass copy is carried out in the first time at the start of the tax book (it is one time activity) periodic mass copy is carried out periodically 108. In prepare mass additions window what are available Q names? Answer new - when u tranfered asset from payables (New mass addition line) post- creates new asset from mass addition line. merge- combining 2 mass addition lines (2 assets). split- spliting mass addition lines into 2 lines(one asset into 2 asset(sub asset)). delete- cancelling the mass addition. onhold- Mass addition line updated or put on hold by you. 109. What is ment by asset revaluation? Answer Revaluation of the assets according to the prevailing market value is called asset revaluation. the excess value will be credited to revaluation reserve account. 110. What is ment by physical inventory reconciliation? Answer In the routine course of business there are many mismatch between physical inventory and Book inventory to correct this process we generally carry out physical verification proces to match the physical stock and book stock.

111. What is ment by depreciation override? Can we override depreciation? Answer : If system has calculated a depreciation a certain amount, but u want to change that amount, so with the Depreciation override feature this is possible.This is generally used at the time of implementation. 112. What is ment by leased asset? Answer Asset which is not owned by you and you bring the asset on lease for a predetermined period which can be extended from time to time.In this process two parties are involved Lessor and Lesse. 113. What is ment by what-if analysis? Answer :What-if analysis to to simulate, test and analyze the results for all the different scenerios for the current situation. In simple terms, to test all the different alternatives or outcomes or the possibilities for teh given setup or conditions. 114. What is ment by projection? Answer Depreciation Projections form is used to compare actual and planned spending (depreciation expense ) 115. What is the difference between Quick addition and detail addition? Answer : Quick Additions process to quickly enter ordinary assets when you must enter them manually. You can enter minimal information in the QuickAdditions window, and the remaining asset information defaults from the asset category, book, and the date placed in service.Use the Detail Additions process to manually add complex assets which the QuickAdditions process does not handle.Run the depreciation program independently for each of your depreciation books. The depreciation program calculates depreciation expense and adjustments, and updates the accumulated depreciation and year-to-date depreciation. 116. What is the use of allow amortized changes check box? Answer :when u change the financial information (depreciation rules) after running depreciation ,it results depreciation expences which are to adjusted. for this u have 2 option whether to treat it expense or to amortized.if ur treating it amortized adjustment, then system will spread(depreciation expense) over the remaining life of the asset.

117. What is ment by prorate convention?

Answer : The prorate calendar determines the number of prorate periods in your fiscal year. The depreciation program uses the prorate calendar to determine prorate period, which is used to determine the annual depreciation amount.The prorate convention determines how much depreciation to take in the first and last year of an asset's life based on when you place the asset in service. Your tax department chooses the prorate convention. The prorate calendar and convention must be setup before adding the assets. If you retire an asset before it is fully reserved, the retirement convention determines how much depreciation to take in the period of retirement. The prorate convention, the retirement convention and the depreciation method work together to determine the depreciation for the first and last year of an asset's life. After setting up the prorate convention, you specify the prorate convention for each asset on the Books form and the retirement convention on the Retirements form in Asset Workbench. See the white paper The Wonderful World of Prorate Conventions, located on MetaLink, for more details. 118. What are the depreciation methods used in FA module? Answer : 5 tpyes of depreciation methods used in assets 1. 2. 3. 4. 5. flat rate method calculated method Table method formula method production method

apart from this we have STL, DEMINISHING method 119. What are the mandatory flexfiels used in FA? The Mandatory Flexfields used in FA are 1. Location Flexfield 2. Category Flexfield 3. Asset Key Flexfield Though Asset Key flexfield is not mandatory 120. What is ment by Roll back depreciation? Answer When u run depreciation for a corporate book without closing the period u rollback depreciation which was run initially so as to bring back all the accounting implications to normal position. Rolling back the depreciation is bringing the depreciation amounts back to normal position to close the period 121. Is FA Supports Multi _org? Answer Fa by default doesnot support multi org but we can make it

org specific ny using security by book 122. What are the different calendars used in FA Module? Answer Depreciation calendar and a Prorate calendar. The depreciation calendar determines the number of accounting periods in a fiscal year. prorate calendar determines the number of prorate periods in your fiscal year 123. What are the asset types in FA Module? Answer #1 1. Capitalised Asset. 2. Cip asset. 3.expenced asset.

124. What are the various Journal Entries generated through fixed assets ? Answer MASS ADDITION ASSET CLEARINGF A\C DR TO SUPPLIER LIABILITY A\C DETAILED ADDITION FIXED ASSET A\C DR TO ASSET CLEARING A\C DEPRECIATION PROGRAME DEPRECIATION EXPENCE A\C DR TO ACCUMILATED DEPRECIATION A\C WHEN DEPRECIATION HITS THE ASSET ACCUMILATED DEPRECIATION A\C DR TO ASSET A\C CIP ASSET CIP ASSET A\C DR TO CIP CLEARING A\C CAPITALISING CIP ASSET FIXED ASSET A\C DR TO CIP COST AC

125. What is ment by retire asset? How do we retire assets in Oracle applications? Answer retaireing assets from its services we can retaire assets from retairement menu in mass tranjactions menu in assets to rataire assets we need to select what type of retairement do u want to ratariere ie sale theft etc then enter scrap value and go for retaire and some other mandatory fields we need to filll about that details of that perticular retairement. 126. What is the significance of asset books in FA? Types? Answer There are three types of asset books 1.corporate book 2.tax book 3.budget book. corporate book is maintained by the organisation and fallowed according the organisation rules. Tax book is prepared for reporting to tax authorities. BUdget book is optional. 127. How do we depreciate Assets in Oracle Applications? Answer Run the depreciation program independently for each of your depreciation books. The depreciation program calculates depreciation expense and adjustments, and updates the accumulated depreciation and year-to-date depreciation. Depreciation>run depreciation. 128. What are the different ways of adding assets in FA? Answer For Assets addition basically following options are there in FA1.Adding assets from external system. This relates to entering the assets details like-costs,type of assets,other related information from the Oracle Payables and Oracle Project module. That is-Mass aditions. 2.Adding assets from feeder system. In this way the additions takes place from sources like legacy system by data importing through interface. 3.Adding assets manually This is the way to entering the assets details and related information from the assets interface directly. Oracle Assets provide two different ways for this

a)Quick additions b)Detail additions 129. can anyone explain roll back in FA? Answer there are two types of roll back 1. roll back at depreciation level this will undo the depreciation for that period which u have runned depreciation previously. simply getting back into normal position. NOTE: You cannot run roll back once u closed the period. 2. roll back journal entries this also works the same as above but it iwll bring back all the journal entries from general ledger which u have posted by (running standard journal entries from JOURNAL ENTRIES FORM ) 130. What is the use of defining security hierarchy? Answer #1 security hierarchy ---- security rules applies to both parent and the child values. NONE -- security does not apply to any values. Non security hierarchy --- applies only to parent but not to child values. NOTE:THIS TYPES OF RULES ARE USEFUL IF UR PLANNING TO USE SECURITY TYPE RULE.

131. What is Matching? What are the various methods of matching? Answer #1 MATCHING IS HOW U MATCH AN RECEIPT OR PO WITH UR INVOICE

THERE ARE THREE TYPES OF MATCHING --------------------------------2 way matching when u match purchase order or reciept, during invoice validation, it will check the 2 conditions 1. Quantity billed <= Quantity ordered 2. Invoice price <= Purchase order price while raising po (we mention the quantity & po price) (5) (5) =25 the system will check the invoice quantity & invoice price) (5) (5) =25

3way matching ------------1.Quantity billed <= Quantity ordered 2.invoice price <= Purchase order price 3.Quantity billed <= Quantity received (5)=(5)QUANTITY (5)=(5)PRICE (5)=(4)QUANTITY

4 way matching -------------1.Quantity billed <= Quantity ordered (5)=(5)QUANTITY 2.invoice price <= Purchase order price (5)=(5)PRICE 3.Quantity billed <= Quantity received (5)=(4)QUANTITY 4.Quantity billed <= Quantity accepted 5)=(3)accepted quantity after inspection. it ckecks all the condition , system will accpect all these conditions if it is with in tolerance, or else it will hold 133. What do you mean by controlling buyers workload? Answer #1 buyer term is used in Purchasing Context. if i want purchase some goods to my company, i have the purchase department.The people in purchase department are called as buyers. so,users here are buyers. That means one person will hanlde only some types of purchases 134. What is meant by pay on receipt auto invoice? Answer #2

Pay on Receipt- You can enter this if the supplier site is a purchasing site. If you want to use the Pay on Receipt AutoInvoice Program to automatically create invoices based on receipts you enter for this supplier site, enter Receipt.

135. What is the use of auto create? Answer: Auto create funtion -- Will create PO DOCUMENT automatically (means u will come into PO window)by giving the requsition number in auto create window . Note: paste ur requsition number & DELETE THE BUYER or else it wont show ur requisition lines. 136. What is meant by receipt routing? Types? Answer receipt routing are of three types 1. Standard routing 2. Direct routing 3. inspection routing standard :goods recieved from supplier --> sub nventory.

Direct:Supplier-->recieving area(stagging area)->sub inventory inspection :supplier----> recieving area--inspection(done)--->sub inventory. 137. What is the purpose of receiving transactions? Answer The purpose behind the receiving transaction is there is not be any mismatch between item ordered and item recieved. 138. What is meant by receipt routing? Answer #1 Means how the material will receive by the Organization. Receipt routing are of three types 1. Direct delivery 2. standard receipt 3. inspection required

1. Direct delivery The material direct come to sub-inv. 2. Here 1st come to stagging then inv 3. inspection required 1st it will inspect then store in sub-inv 139. What are the types of receipts? Answer THERE ARE THREE TYPE OF RECEIPTS in receiving i)UNORDERED Receipt ii)substitute receipt iii)Blind Receipt 140. What is meant my PO? Answer it is a legal document created and send by the buyer department to the supplyer for the requirment of materials or goods agnest payment . 141. What is meant by quotation and quotation analysis? Answer quotation = is a statement consisting of current price of the commodity which the supplier will be sending to the organisation, when we place RFQ quotation analysis = after getting the quotation from different suppliers we select the best quotation , the process of selecting the best is know as quotation analysis. 142. What are the types of RFQS? Answer as raj said there are three types of rfq but i will explain what they mean standard ---- it is one time purchase. bid ---- is used when the items are less & price is very high. catalog ---- when the number of items are more.

143. What is meant by RFQ? Answer #2 there are three types of rfq standard rfq--- one time purchase bid rfq --- when the items are less & cost is more ex- diamond catalog rfq --- when the items are more & cost is less ex- nuts ,bolts, ect if we enable rfq at the site level we cant riase a qfq from that site. 144. What is the use of requition template? Answer Requisition is the first step in PO process.Requisition means requirement specification.In Requisition we specify the requirement, quantity, expected date etc....

145. What are the types of requitions? Answer Purchase Requisition Internal Requisition Imported Requisition Paper Requisition Requisition Template 146. What do you know about FA to GL cycle? Answer Six module are integrated with FA to GL Cycle. starting from inventory (define the item as asset) | | purchasing (raise po for the above item) | | payables ----------- Cash management | (reconcile) | ( pay for the PO & give track as asset for the invoice, prepare mass addition & transfer to gl)

| -------------------| | General Ledger | (post mass addition) | Assets

146. What are the steps to define a Bank? Answer there are 3 types of bank account 1.internal 2.customer 3.supplier if ur defining internal and customer bank accounts u need to define payament format. steps ----setup>payment>format 1.payment format describes in which method u want to make payment to the supplier 2.how many invoices are to printed in a cheque. 3.how the cheque has to be printed after defing this save ur work. step 2 -----setup>payment>bank 1. enter ur bank name & branch name. 2. click on bank accounts 3. select internal 4. give gl accounts cash & cash clearning 5. click on payables doucument 6. define name of doc & attach ur payment format which we defined in step one. 7. give the numbering from where to start. this are the mandatory setup's

147. What is meant by RTS transactions? Answer

RTS

stands for return to supplier

u will find this option in suppier site level in the purchasing region (self-billing) by enable this option the system to automatically create a debit memo in Payables when you enter a Return To Supplier (RTS) in Purchasing mudule.

148. Use of Pay on receipt auto invoice? Answer #2 This is a feature in AP to PO cycle .. u hv to enable this option to generate invoice automatically when u recive the goods....and to clarify one thing Auto invoice is a separe concept that is in AR module.. 149. ERS Invoice means? Answer ERS --Evaluted Receipts settlement /self billing /Pay on receipt. A task / activity which u can create invoice u r self (without waiting the invoice from supplier) based on u r receipt of goods and pay the invoice to the supplier. U can define the option at 'Suppiier--> Supplier Site -->(t) Purchasing.. 150. What is Intercompany Invoicing? Answer 1. Customer places sales order with French Sales Office 2. 3. 4. 5. German German French French Warehouse ships product Warehouse sends French Office Intercompany Invoice Sales Office sends Customer an invoice Sales Office sends payment to German Warehouse

151. Can I find out which invoices are matched to a PO? Answer

YES U CAN FIND OUT WHICH INVOICES ARE MATCHED WITH PO INVOICE WORKBECH | | VIEW PAYMENTS | | PAYMENT OVERVIEW | | CLICK ON (INVOICE OVERVIEW) BUTTON,U CAN SEE (PO BUTTON) WILL GET HIGHLIGHTED. THIS U CAN SEE ONLY FOR INVOICES WHICH ARE MATCHED WITH PO , FOR REST OF INVOICES IT WILL BE DULL. OR ELSE run the Matching Detail Report

152. How to transfer funds between your internal banks? Answer Inter Bank transfers can be handeled in two ways. 1. By using the Cash Management functionality. OR 2. You need to create a supplier and a customer in the name of your company.These should be used only for fund transfers (with fund transfer sites ) You can raise a standard invoice in AP on the Supplier ( Your Co. as supplier ) then make the payment selecting the bank account from which u are transferring funds. Now in AR you can create a Debit Memo on your company's name (Customer) and book a receipt selecting the bank in which the funds are to be transferred and apply the DM to the receipt. Finally at the month end you can pass a manual JV in gl and clear off the balance remaining in these accounts.

153. Payable And Financial options? Answer financial option :values u enter here will be shared by Oracle Payables,Oracle Purchasing, and Oracle Assets. payables option -values entered here will be defaulted throughout the PAYABLES. Payables options deals more with payments & supplier. 154. Tell me steps for Period closing Process in AP? Answer6 1.Complete All Transactions for the Period Being Closed 2.Run the Payables Approval Process(Invoice Validation Program in 11i) for All Invoices/Invoice Batches. 3.Review and Resolve Amounts to Post to the General Ledger. 4If there is any Hold on the Invoice it will not accounted. So we need to remove all the holds on the invoices. 5.Review the Payables Accounting Entries Report 6.Review the Unaccounted Transactions Report 7.Confirm all Payment Batches 8.Reconcile Payments to Bank Statement Activity for the Period 9.Transfer All Approved Invoices and Payments to the General Ledger. 10.Review the Payables to General Ledger Posting process After Completion. 11.Payables Accounting Process Report?(to review accouting entries created by payable accounting process) 12.Submit the Unaccounted Transactions Sweep Program. 13.Close the accounting period by using the Control Payables Periods window to set the Period Status to Closed. 155. Use of Future dated payments? Answer Future dated payments is a feature in payables to make the payments which are future dated for this first you have to define a bank and bank accounts and in payable documents, allow future dated payments.Schedule a payment for a future date using the payable documents enabled for future date.Send it to your supplier your supplier deposits it in a bank The bank releases the payment on maturity

156. Difference between quick payment and manual payment? Answer when ur making payments not through payables example- through wire or typed cheque, then u update the paid invoice in payables (by selecting payment type as manual) Note u can record payment for invoices that are associated with any Payment Method type, except Electronic. quick payment ------------When you create a quick payment you can select an invoice regardless of the payments terms and due date. For example, you can create a Quick payment for an invoice that is not yet due OR when u r making payment through Oracle eCommerce Gateway . when u are defining the bank accounts, u have a button (payables document) after clicking a new window is generated in that u have disbursement tpye where u have three options: combined (combination of recorded & computer generated) recorded (manual payment) computer generated (only through computer generated) if u select combined as disbursement tpye by default QUICK PAYMENT TERM WILL BE HIGHLITED WHILE MAKING THE PAYMENT. IF U WANT TO MAKE PAYMENT ONLY THROUGH ELECTRONIC THE WE SELECT (computer generated ). 157. Difference between header level tax calculation and line level tax calculation? Answer if u give tax to be calculated at header levelSystem will calulate tax based on INVOICE amount in INVOICE window.if u give tax to be calculated at line level System will calulate tax based on DISTRIBUTION amount in DISTRIBUTION window. 158. What is the report used to identify duplicate suppliers? Answer "Supplier Audit Report" is absolutely correct. The "Suppliers Report" is also useful - to analyse and find the duplicate suppliers, from the whole list of Suppliers.

159. What is terms date basis? Answer Terms Date Basis. Date from which Payables calculates a scheduled payment for a supplier. The default is one of the following Payables option you defined for Terms Date Basis. O System. When you enter invoices, Payables defaults the system date as the terms date. o Goods Received. When you enter invoices, Payables prompts you to enter the date you received the goods that are included on the invoice as the terms date. o Invoice. When you enter invoices, Payables defaults the invoice date as the terms date. o Invoice Received. When you enter invoices, Payables prompts you to enter the date you received an invoice as the terms date. 160. What is pay date basis? Answer The Pay Date Basis for a supplier determines the pay date for a supplier's invoices. Due Discount 161. What is Interest Invoice and how it can be created? Answer Intrest on invoice in payables can be caliculated by system. Steps. In the Payment Interest Rates window setup>payments>intrest you define interest rates Payables uses to calculate and pay interest on overdue invoices. Payables calculates interest on overdue invoices only if you enable both the Allow Interest Invoices Payables option and the Allow Interest Invoices option for the supplier of an invoice.

162. What is 2 way, 3 way and 4 way matching? Answer 2-Way Matching: The process of verifying that purchase order and invoice information matches within accepted tolerance levels. Receivables uses the following criteria to verify two-way matching: Invoice price <= Order price Quantity billed <= Quantity ordered 3-Way Matching: The process of verifying that purchase order, invoice, and receiving information matches within accepted tolerance levels. Receivables uses the following criteria to verify three-way matching: Invoice price <= Purchase Order price Quantity billed <= Quantity ordered Quantity billed <= Quantity received 4-Way Matching: The process of verifying that purchase order, invoice, and receiving information matches within accepted tolerance levels. Receivables uses the following criteria to verify four-way matching: Invoice price <= Order price Quantity billed <= Quantity ordered Quantity billed <= Quantity received Quantity billed <= Quantity accepted 165. Which interface tables are used for Invoice Import? Answer #2 AR INVOICES IMPORT INTERFACE TABLES ARE: RA_INTERFACE_LINES_ALL RA_INTERFACE_DISTRIBUTIONS_ALL RA_INTERFACE_SALESCREDITS_ALL AP INVOICE IMPORT INTERFACE TABLES ARE: AP_INVOICES_INTERFACE AP_INVOICES_LINES_INTERFACE

166. What are the tables associated with Invoice? Answer #2 What my friend Shravan has mentioned is related to AR. Ap invoice related tables are: Ap_invoices_all (Header Information will be stored) ap_invoice_distributions_all (Lines Information will be stored) aP_invoice_payments_all (paymeny_info for the invoice) ap_holds_all (whether there is a hold on that invoice or not) ap_invoices_interface (to check whether the invoice is stuck in interface or not)

167. What is Proxima Payment Terms? Answer #1 A proxima payment term has Cut Off day, Day of Month and Months ahead. Ex: Cut off day=15, Day of month=20 and Months a head=1 When a transaction is raised on 10-Jun-2007. The transaction date is before the cutoff day. So this transaction will be considered for the current billing cycle and the due date of the transaction will be taken at 20-jun-2007 since months ahead is 1. 168. What is Zero-Payment in AP Answer ? While running a payment batch for a specific supplier site,payment batch will pick up standard invoices as well as debit memos created for the same supplier site. It may happen that invoice amount is exactly equal to the debit memo amount so at the time of payment confirmation there will not be any amount to pay but still it will be registered as a zero payment to track the accounting entries in the payable accounting. At the time of GL transfer it will also get reflected for that specific

liability account. Enable Allow Zero Payment checkbox at the bank account level first. 169. How to approve n no. of invoices Answer We can not approve n number of invoices at a time. Invoices should be approved individually by the accounts payable manager for the accuracy and authenticity. 170. What is a Hold and Release Answer You cannot pay an invoice that has a hold applied to it. You can define as many invoice hold and release names as you need. In payables we have two types of holds,one system hold and manual hold.they are used to hold a invoice before payment. System hold is placed by system during validation of a invoice if ther is any validation errors example distribution variance ,this type of hold cannot release manually,should be updated . Manual hold are created by user,they can be released manually by user.

171. Types of Prepayments? And difference between them? Answer Two types of Prepayment Permanent Cannot adjust to invoice Can be converted to Temporary Temporary an be adjusted to invoice Can be converted to Perm if no adjustment exists

For a prepayment to be adjusted it has to be fully paid. Multiple installments are supported

172. What are the types of journal categories available in the AP? Answer i dint understood ur question All the invoices in payables will be categorised into 3 types when u transfer to GL. 1.purchased invoice. 2.payment invoices. 3.reconciled . 173. What is the program to transfer data from AP to GL? Answer #1 Payables Transfer to General Ledger. In this reprot there are total 9 parameters are there. Those are.. Set of bookes Name (Mandatory) Transfer Reporting books (Mandatory) Batch name From date To date (Mandatory) Journal Category (Mandatory) Validate Accounts (Mandatory) Transfer to GL Interface (Mandatory) Submit Journal Import (Mandatory). 174. What reports should I run before closing the period? Answer BEFORE CLOSING A PERIOD IN PAYABLES U NEED TO RUN THE FALLOWING REPORTS, INVOIVE VALIDATION REPORT---> IT VALIDATES ALL THE INVOICES

INVOICE ON HOLD---> IT WILL SHOW ANY HOLDS, SO THAT U CAN REMOVE THE HOLDS AND DO REVALIDATION. IF ANY FUTURE PAYMENTS ARE THERE ? --------------------------------RUN UPDATE MATURED FUTURE PAYMENT ----->THIS WILL CHANGE THE STATUS TO Negotiable . SUBMITT PAYABLES ACCOUNTING PROCESS-----> THIS REPORT LISTS TRANSACTION WITH ERRORS.

CHECKS FOR PAYMENT BATCHES ---> RUN FINAL PAYMENT REGISTER ,IT LISTS AL THE PAYMENTS. DO THE RECONCILIATION PROCESS ---> WITH CASH MANAGEMENT TRANSFER TO GL --> TRANSFER TO GL CLOSE THE PERIOD AND OPEN FOR NEXT PERIOD 175. What does the Unaccounted Transaction Sweep Report do? Answer The Unaccounted Transactions Sweep Program transfers unaccounted transactions from one accounting period to another. The program redates all accounting dates of all unaccounted transactions to the first day of the open period you specify. 176. Use of automatic offset method? Answer If you enter an invoice for expenses or asset purchases for more than one balancing segment, you might want to use automatic offset method to keep your payables transaction accounting entries balanced. If we enable balancing as a automatic offset, payable builds the offset GL account by taking the balancing segment value from the invoice distribution and overlaying it on to the appropriate GL account, i.e liability account from the supplier site. If we enable account as automatic offset, it takes the opposite approach with one segment being retained from the default GL account and all other segments being retained from the invoice distribution 177. Accounting Methods? Answer Accounting Methods. 1.1 Accrual Method 1.2 Cash Method 1.3 Hybrid Method (not allowed by AS, but you can see these method in practice in small setups)

178. Use of Distribution set? Answer Distribution represents (expense/charge)for a invoice. by defining Distribution set,system will automatically allocates the expense, it also saves time . Example: 1.If u have 10 departments and need to allocate rent, then u need to enter 10 lines at distribution window. if u had defined (distribution for rent)and assingned at invoice header level it will automatically distributes the amount at disribution window. both the cases u wil get the desired result but u will save some time instead of giving manually. there are 2 types of distributions 1.full - u will mention percentage. 2.skeleton - u will not mention percentage. 179. Can we implement MRC at Payables? Answer Yes we can have MRC at Payables level also....and the subledgers AR & AR need not have seperate responsibilities as GL has a Primary and Reporting, both the functional and reporting currencies can be seen when we go to View accounting and check the Alternate currency. 180. Multi Currency payments? Answer in PO Defalt :Payables prompts you to enter the purchase order number and then automatically copies the supplier name, supplier number, and currency from that purchase order to the invoice. when you match it Payables retrieves all purchase order shipments or receipt lines associated with the specified purchase order. and in Quickmatch: Payables prompts you to enter the purchase order number and then automatically copies the supplier name, supplier number, and currency from that purchase order to the invoice. Payables automatically navigates to the match window, and selects all shipments that have an unbilled quantity, as long as they are not finally closed. 181. Purpose of Payable invoice open interface? Answer 'payables invoice open interface' select the line information from 'AP_INVOICE_INTERFACE' and creates the suppliers total invoices.

182. Steps for payment batch? Answer i hope u have completed invoice batch. 1.When u select ur invoice batch status will be ---> NEW 2.click on ACTION BUTTON AND CLICK (OK) 3.u will see the status changes to SELECTING & BUILD. 4.click on PAYMENT BUTTON and select ur invoices number, click BUILD. 5.click on ACTION BUTTON & CLICK (OK). 6.u will see the status changes to formatting--->formatted. 7.click on ACTION BUTTON & CLICK (OK), here u r confirming to make the payment. a)u will see a new window , b)select ur status PRINTED. C)click on CONFIRM . 8. u will see the status changes to confirming--->confirmed. 9.click on ACTION BUTTON select CREATE ACCOUTING (OK). 183. Use of recurring invoice? Answer Recurring Invoice concept is used if a expenditure is occuring at regular intervals,to speed up the accounting process these recurring invoices can also be scheduled. Example Rent - standard Telephone - Skeleton Commission- Formula 184. What is the difference between PO default and quick match? Answer PO Default: When you select this Invoice type system asks you to enter the PO number with which you can match. If this number is not given, you cannot proceed further.we use this PO Default only we know the PO to be used to match while entering invoice. quick match: if the system has to match automatically to all the shipments of a PO, we use this type of invoice,moreover it builds distribution from PO . NOTE: SHOULD NOT ENTER DITRIBUTION AGAIN IF UR USING THIS TYE IT MAKES DOUBLE EFFECT.

185. What are the mandatory setups in AP? Answer there are nearly 7 to 8 setups which are mandatory financial options ---- where we define the mandatory accounts 1. liability 2. discount taken 3. prepayment if u r not using INVENTORY OR IF THE OR IS NOT HAVING MULTI ORG STRUCTURE THIS IS OPTIONAL payables option, supplier & bank. control payables periods. bank format. payment terms distrubution are also optional u can carry work with out defining. 186. What is difference between debit memo and credit memo? Answer Unlike in AP MODULE where there is no difference between a debit memo and credit memo.But in AR module we have to enter a -ve amt for credit memo and +ve amt for debit memo debit memo is similar to an invoice and it is just in addition to an original invoice.When we forget to add a fright or other charges to an invoice we later charge it by creating a debit memo in case we charge more than the product value we have to reduce it by creating a credit memo. Or a customer returns some goods we have to reduce receivable by creating a credit memo. 187. what is the receipt class and receipt source in AR? Answer Receipt Class: You can assign a receipt class to a receipt source. Receivables derives the default receipt class from the Receipt Source for this batch. When you define a receipt class in the Receipt Classes window, you specify whether to create remittances for receipts with this class and whether you want to track when they clear after running the Automatic Clearing program. Receivables only lets you select receipt classes that you defined with a Creation Method of 'Manual'.

188. Why Retained Earning Account is necessary for the set of book creation while implementing oracle new business. Answer Becasue if we do not define this Retained Earning account then where the difference of Earning and expenditure will go. This account is also called as Profit and Loss account(P&L). As the balance in this account reflect the Profit and loss of company. 190. What is the use of this Table AR_RECEIVABLE_APPLICATIONS_ALL in AR Module ? Answer The ar_Receivable_applications_all table stores all the debit entries of the applications of Receipt/Credit memo.They also store the multiple applied & unapplied transaction details to help in generating Aging for the outstanding.These accounting entries are transfered to GL from this table & osting_control_id is updated to ensure no duplication. 191. what is the difference between balance, account, none (automatic offset methods)? Answer Automatic offset method: If you enter invoices for expenses or Asset purchases for more than one balancing segment, you might want to use aotomatic offset method to keep your payables transactions accounting entries balances. Balance : The liabilty account for balancing segment value take from invoice distribution & rest segment values will take from invoice header Account: The libility account for account segment value takem from invoce header & rest segment values will take from invoice distribution. None : The liability account for all segment values take from invoice header. 192. what is general ledger in oracle laguege and what are the step for define the journal entry? Answer :General Ledger is the central repository of all accounting information in Oracle Applications. It provides the following functionality: General Accounting, Budgeting, Multiple Currencies, Intercompany Accounting, Cost Accounting, Consolidation and Financial Reporting.GL is the destination for all accounting entries. Navigation for entering journals :Journals-Enter

193. Can any one tell What is implementation in oracle Applications Answer Oracle Applications implementation refers to migration of Business processes from a legacy softwarare application or manual business operations or a combination of both into Oracle e-business suite. Whether it's a partial implementation or full implementation depends upon the number of modules implemented and the extent of business operations configured in the e-business suite with relative integration among them. Further, Oracle Applications implementation,essentially follows a standard implementation methodolgy with extensive documentation on the processes, mappings and setups alongwith a standard repository of prorgrams and reports. Also the standard implementation process comprises of mapping the required business process first in a development and test environment and then to final production environment. In most cases, the existing legacy application data is converted into suitable formats as per Oracle requirement and then entered into the Oracle database. As a result the business gets the benefit of both new and old data in the same environment. 194. What are all the standard interfaces in the GL,AP,AR,PO,OM and INV? Answer What are Interface table in AP, AR,GL ? AP INTERFACE TABLE: 1). 2). 3). 4). AP_INTERFACE_CONTROLS. AP_INTERFACE_REJECTIONS AP_INVOICE_INTERFACE AP_INVOICE_LINES_INTERFACE.

AR INTERFACE TABLE: 1). 2). 3). 4). 5). 6). 7). 8). 9). AR_PAYMENTS_INTERFACE_ALL AR_TAX_INTERFACE HZ_PARTY_INTERFACE HZ_PARTY_INTERFACE_ERRORS RA_CUSTOMERS_INTERFACE_ALL RA_INTERFACE_DISTRIBUTIONS_ALL RA_INTERFACE_ERRORS_ALL RA_INTERFACE_LINES_ALL RA_INTERFACE_SALESCREDITS_ALL

GLINTERFACE TABLE:

1). 2). 3). 4). 5). 6).

GL_BUDGET_INTERFACE GL_DAILY_RATES_INTERFACE GL_IEA_INTERFACE GL_interface GL_INTERFACE_CONTROL GL_INTERFACE_HISTORY

195. What r the GAPS can we find out while Implementation? Answer It is Probably a difference to acieve the requirements of client and the Functionality available on the package. So the Gap is studied properly and trials are made to bridge the gap by customizations. 196. What r the Documents We can create while implementation? Answer Documents while Implementaion 1.BPS 2.SRS 3.CRP 4.BMR ( ( ( ( Business Process Study) System REquirement Specification) Customer Requirement Planning) Business Mapping Report)

197. How can we Define Corporate law sob and Income Tax law Sob? Answer Setup-> Assetsystem -> Book controls A corporate book holds all asset information, asset transfer information, Asset Reclassification information, Asset Cost Adjustment, Retirements, Revaluation, Changes and Depreciation information. It is important and Primary Book. A corporate book is maintained as per company Law. A tax book captures all asset information as per Income tax act. It is associated with corporate book to copy the existing asset. We can mass copy the information as required. 198. Can we maintain 2 sob's for one company, how? Answer There r two type of SOBs. One is Operating SOB and second Reporting SOB. I hope u r talking about the operating SOBs. It depends upon our Legal Entities. We can have SOB individual for all the legal entities if any of 2 Cs

(Curreny, Calender) out of 3 Cs (Curreny, Calender and Chart of Account) is different. Chart of account in one company rarely changes so other 2 if any is different as mentioned above also that one unit is operating in India and other in different country then we can have two different SOB becasue our Legal Entities are different but for one operating unit we can not have two seperate Operating SOBs. 199. Can anybody tell me, What is the Implementation Process? Answer Implementations process as follows: 1.Definitions phase in this phase the project team plan the implementations project and the project team oraganised.kick of meeting between superuser,key user and Imp team.it is just introductions phase. 2.Operations and Analysis Phase AS IS STUDY AND TO BE STUDY DO DONE and GAP is defined BP40,BP80,RD10,RD20,RD50 AIM's Docs prepare. 3.Solutions design. High Gap level find out and full fill the GAP to done Workround and Customaizations.Business Requirements Map to Applications. BR10,BR30,MD50,MD70 to be prepared. 4.Build Phase Develop the development instance and Test instance such as BR100,TE20,TE50 to be prepared 5.Transitions Testing done in test Instance CRP will done. UAT will done. 6.productions. sucessfull done in UAT,it goes to LIVE Find data migrations. support to Post Productions for particular period.(as per customer discussion)

What you meant retained earnings? When the entries are created and what is the entry? 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 the difference between EIts and dffs? EIT is HRMS functionality and are used for DFF DFF is used in GL, AP,AR....modules to add extra columns to a particulare field How many flexfields are there in total modules

Owner Oracle Assets Oracle Assets Oracle Assets

Key Flexfield Name Asset Key Flexfield Category Flexfield Location Flexfield

Flexfield Code KEY# CAT# LOC# GL#

Oracle General Ledger Accounting Flexfield

Oracle Human Resources Grade Flexfield GRD Oracle Human Resources Job Flexfield JOB Oracle Human Resources Personal Analysis Flexfield PEA Oracle Human Resources Position Flexfield POS Oracle Human Resources Soft Coded KeyFlexfield SCL Oracle Inventory Account Aliases MDSP

Oracle Inventory Item Catalogs MICG Oracle Inventory Item Categories MCAT Oracle Inventory SalesOrders RLOC Oracle Inventory Stock Locators MTLL Oracle Inventory System Items MSTK Oracle Payroll Bank Details KeyFlexField BANK

Oracle Payroll Cost Allocation Flexfield COST Oracle Payroll People Group Flexfield GRP Oracle Receivables Sales Tax Location Flexfield MKTS Oracle Receivables Territory Flexfield CT# Oracle Service Oracle Service Item Flexfield SERV Oracle Training Administration Training Resources RES

What is meant by adi? ADI stands for Application Desktop Integrator ; ADI is an integral part of General Ledger Application, ADI is a spread sheet-based extension for oracle Genearl Ledger and Oracle Assets!! By Using ADI we can upload the Journals and Budgets directly into General Ledger module!! What is edi and its functions? Electronic Data Interchange, to send the data to another server/destination via EDI server.,edi is a toll where in whenever the customer is sending the PO it gets saved in this toll, again whe...

202 AR lock box functionality ? We need help on AR lock box functionality: 1. Instance Version: 11.5.10.2 2.Module: AR and AP 3.GE Markham project, Canada

Here is the business Requirement: 1. We are using oracle Intercompany functionality and settlement through AR

lock box. We have 2 OUs (A & B) and in OU B, OU A is defined as Customer and OU A, OU B is defined as Vendor. Flow of Transactions in oracle(Drop ship): 1. Sales order is booked in OU A 2. Shipment is done from OU B 3. Intercompany AR invoice is created in OU B on OU A as customer. 3. Intercompany AP invoice is created in OU A on OU A as Vendor. 4.Finally, OU A will invoice the End customer Oracle Settelement presently working(After we do customisatsion for AR lock box): 1. We are extracting payments in OU A to OU B and storing in folder 2. We are processing Receipts in OU B(which is nothing but payments processed in OU A) through lock box and apply the to the AR invoices which are created in above step 2. Also,We are using Intercompany NOT only for Intercompany orders(Drop Shipment) BUT also for RMA orders(Finised products returned by customers also). In this the flow of transactions is : 1. RMA request is created in OU A 2.Product received in OU B 3. Intercompany AR credit memo created in OU B on OU A as customer 4.Intercompany AP debit memo created in OU A on OU B as vendor 5. Finally, we will raise AR credit memo to end Customer CHALLENGE: We need to process both positive payments and Negative payments in AP(presently we are process in AP payment batches and including credit memos also) and process AR lock box in OU B. For below points we need suggestions, 1. for eg: We have AP nvoice for 100 USD and Debit memo in AP for 20 dollars

and so net payment to OU B will be done in OU A is 80 USD 2. In OU B, we have AR invoice for 100 USD and AR credit memo for 20 USD. How we can match 80 USD(Payment done in OUA) to AR invoice(100 USD) and AR credit memo(20 USD) through lock box and close both AR invoice and Credit memo simultaneously 203. What is blanket purchase order? When do we use it? Blanket Purchase Agreement is raised for long term contract with the supplier. We have price breaks in this. We can create BPA for the item to be supplier by the supplier though we do not know quantit... 204. What is standard costing and average costing? What is the difference between them? Cost Management offers two costing methods: standard costing and average costing. Average costing is used primarily for distribution and other industries where the product cost fluctuates rapidly, or ... 205. What is conference room pilot? There are two phases CRP1 and CRP 2CRP1: During CRP1, application is configured as per the business cases provided and discussed as per TO-BE analysis phase. Owners, keyusers, consultants meet to exch... 206. What is auto invoice? Auto Invoices are also used in Service Contracts as a concurrent Program namely "Auto Invoice Import Program". This program is Owned by Oracle Receivables. It imports the bil... 207. What is the use of transaction flexfield in autoinvoice ? Transaction Flexfields are used to capture information that will help you trace transactions from Oracle Receivables back to the systems from which they originated, in Auto Invoices. AutoInvoice ensures that each Transaction Flexfield is unique so you can refer to previously processed transactions. 208. Encumbrance
In Oracle Applications, encumbrances are used with only AP-PO-GL modules and not AR. Budgets are created in GL. Typically, encumberances are used to reserve funds for a purchase you are going to make ...

209. What is the use of lockboxes?

Auto Lockbox eliminates manual data entry by automatically processing receipts that are sent directly to your bank. ARLPLB (auto lockbox program) imports, Validates and loads the payment receipt recor...

210.What is the use of transaction flexfield in autoinvoice ? Transaction Flexfields are used to capture information that will help you trace transactions from Oracle Receivables back to the systems from which they originated, in Auto Invoices. AutoInvoice ensures that each Transaction Flexfield is unique so you can refer to previously processed transactions. 211. What is the defference between writeoff and receipt writeoff?
Receipt Write-Off is used to write-off unapplied excess money lying on receipts. Suppose customer owes $100 but pays $102. So apply $100 and write-off $2. The other write-off is more like an adjustmen...

212. How do we segregate debit & credit transactions in receivables and where we will do it?
To record the business transactions, we have rules of debit and credit. According to those rules transactions are recorded either debit side or credit side of the account. Generally a personal account having debit balance is a debtor and with a credit balance is a creditor.

213. What is the difference between conversions and interfaces ?

Conversions and Interfaces are both transferring the data into oracle Base tables. But the only difference is that Conversion is one time activity whereas in Interfaces, we update the oracle Base tables on regular basis.

214. What is the difference between customization and personalization?

Customization means making few changes according to client requirement to an already existing product. Personalization means complete devolpment on frontend and backend.

215. What is dunning letter?

Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable. Communications progress from gentle reminders to almost threatening letters as acco...

216. What are chargebacks?

Chargebacks: A new debit item which we assign to a customer while closing a existing, outstanding debit item is known as 'Chargebacks'. (OR) Chargeback refers to closing the original Transaction that has become overdue and raising a new transaction in its place.

Geekinterview