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Ledger option : we will assign the retain earning account, enable the translation
Functionality is their any suspense account and enable the journal approval
method ,
3) Can u just explain the Flex Field & segment Qualifier Difference?
Flex field qualifier it will be always control of the behaviour of segment
Segment qualifier always control of the behaviour of segment value, you
want to allow budgeting yes or no, if it is account it will control the account
type,
4) What are the qualifier are available in flex field qualifier? List of flex field
qualifier,
We have the flex field called company, cost center, natural account, inter
company, management segment, secondary tracking this are qualifier,
5) What do you mean by secondary tracking?
Secondary tracking it is mainly used for reporting of the translation
revaluation purpose but I did not work on that,
6) What do you mean by management segment?
Management segment is new flex field qualifier in r12 which can be useful
for reporting purpose at companies level, if you are implementing the
oracle app more than one country you run the report with company level
we can the management segment,
7) What is the significance the intercompany segment?
Intercompany like if you are doing the different company with in your
organisation we can track the intercompany transaction you do AGIS and
intercompany setup at GL level
8) Have you work on the ledger set?
No but I am having the knowledge ledger set consist of multiple ledger it
can be same chart of account calendar, currency is difference once u done
the ledger set you access the single responsibility with multiple
responsibility but it is mainly reporting purpose some time what happen
through ledger set you can run the FSG at higher level group level,
9) Have ever work on journal approval in GL?
No, I have a knowledge on that we should enable the ledger level journal
approval source level enable journal approval and we can give limits of the
employee limit we assign at profile option level you want switch to next
level enter journal person can approve with in the limit so this are the four
set we need to design it,
10)
What is the amount type?
Year to date, period to date, quarter to date, future to date, while running
the report it will show,
11)
Can you just explain me the balance type?
Balance type u can balancing to when we are entering the journal it should
be balance,
12)
Do having idea on budget?
Budget we can find as advisory or absolute you can budget and can
upload the budget against the code combination and when you are
initiating the journal entry go and check the amount is available in reserve
fund or not you can initiate journal and same time budget accounting you
use also encumbrance account for the p2p like when you entering the any
requisition against the particular code combination it will go check the
always amount is available or not it will give the passing to next further
process,
13)
Do you define the budget setup step?
We will be define at budget organisation we will be define mass budget it
will be upload the budget amount,
14)
Have you work on consolidation?
NO, but I know the process like when we are having subsidiary and parent
company it design the consolidation mapping between the subsidiary and
parent and it will be transfer subsidiary to parent it will run the financial
statement at group level
15)
How you will map?
Like we have the rules segment value or copying from the account it can
that, rollup and one more option we have
16)
Have ever work on FSG?
No I did not work it,
17)
Have you work on revaluation? What do you mean by revaluation?
Revaluation to know the asset value is over stated or de-stated compare
to currency exchange rate in the every month
18)
How you know the asset value is over stated or de stated?
When we run the revaluation system will generate the unrealised gain or
lose account it
Supposed you enter the invoice at one currency rate and tomorrow month
end currency rate it should be used exchange rate definition client will
every day upload exchange rate define manual corporate rate
19)
What do you mean by the encumbrance and encumbrance
accounting?
No I Did not work,
20)
During implementation have you define any gap in Gl
GL not much gap, GL no?
21)
Do you have any exposure sub ledger accounting in SLA?
Yes I am having like present client like having down SLA Customisation for
account derivation rule I can give the simple example like when user is
entering the invoice distribution price with branch segment four debit line
but system is allowing the only against the one liability after CRP1 client
requirement they want to generate the liability based on the branch level
if they are entering the four debit line system should create the 4 credit
line, we initially planning to suggest the automatic offset accounting we
done the testing process but it was not done fulfilment client expectation
what I done taken accounting derivation rule like liability account I copied
the existing one I given source as a distribution than journal line definition
than application accounting derivation next sub ledger accounting and
assign at the ledger level that means user is entering more debit line than
system will generate more credit line,
22)
Can you explain difference between SLA & SLA method?
Pay group it is lookup you can cartelized the payment to process payment
batch,
35)
What is the special calendar can explain?
Special calendar is use for a recurring invoice to generate the invoice and
withholding taxes key indicator payment term,
36)
What are the tables are available in AP?
AP_invoice_distribution, AP_invoice_ALL, AP_INVOICE_LINE,
Customised as on date liability account payment history report sub rate
remittance advice
37)
What are the reconciliation do you follow?
Last month trail balance plus present month invoice posted registered
invoice payment registered posted equal to trail balance
Present month trail balance + present month enter invoices
registered-posted to transfer to GL - posted payment registered if
you run trail balance it will show the amount you can transfer to GL
after transfer to journal entry GL only TB will update pitch to GL post
the all source journal source module posted it will update APTB like
GL TB should be same at month end
38)
Can you explain me the sub ledger accounting?
Ans: Sub ledger like when we generating the journal entry it will update
SLA table which can be transfer to GL more information like journal
information journal line audit information in 11i we dont have SLA
compare to r12 we can easily identify the invoice number event type
particular date like in creating accounting page.
39)
When you open the Creating create accounting page, you have the
parameters some of them are default ( T/F to GL yes, post to GL yes or
no, ) can you tell me those values were we can change those values?
Sol : simple like ledger level we have sub ledger accounting button once
you click that button you can see what are the modules are having in the
SLA go to accounting option than you change the allow budgeting yes or
no, you want to change the GL period wise day wise by low summarisation
,
40)
In AR can we cancel those Transaction invoices?
Yeah debit memo positive create memo is negative we deposit, invoice,
chargeback, Guarantee, on-account there is no cancel, you can do the
incomplete if dont require before create accounting you can delete it,
41)
Is there any option we can disable the delete options?
Sol: yes we have the option in system options level second tab in that
allow transaction deletion option,
42)
What is the dispute field in AR transaction when we open the
transaction?
Like some time what happen when you create the invoice against the
customer some times we may have dispute than can identify the dispute
we can derived the dispute it will reduce the balance of the customer.
43)
How many type of AR receipt in receipts are their?
Sol: yeah we have miscellaneous receipt and standard receipt
44)
What are journal reconciliation in journal option called journal
reconciliation?
Sol: like in R12 new feature between sub ledger in to main ledger if you
enable the journal reconciliation class system control account
reconciliation between sub ledger and main ledger it will clear entries sub
ledger to GL,
45)
What is the process of reconciliation?
Sol: we need to enable the option at ledger level source level and account
qualifier level give,
46)
How the system will do the some reconciliation?
Let us take the liability account you mention reconciliation class not work
than ledger level reconciliation yes source payable is yes can we transfer
from payable to GL it will identify the ledger level enable or not and it
create the reference like identify the for those code combination (it will
automatically applied or we need to or not I think we need to something I
did work on that side)
47)
Can you tell me the journal approval process?
Sol: yeah like journal approval if want to maintain approval between
employees, we need to define the journal approval we need to enable at
ledger level source level we need to assign the approval limit and setup at
profile option like you want to direct or ship day one day
48)
Were we can specify the limit?
In GL you can mention at approval limit
49)
Have you involved any migration activity?
I involved in supplier and invoice in AP, like we collect the data through
template we applied to the technical team we run the program like
supplier, supplier contact, supplier site, than it uploaded in AP, Coming to
Invoice we run the open Invoices, outstanding invoices available
prepayment we draft trigger the AP available open interface than
validated, accounted transfer to GL reverse the general entry because in
GL line we uploaded TB right so it should not be double entry with same
code combination,
50)
Can you tell me what is the accounting preference process do
We will be follow like control account or u want to code combination
Oracle always suggest the control account