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Answer #1
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.
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11 Yes 0 No
Re: as an oracle financials functional consultant what was your role Answer oracle 2 Padma #1 financials
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.
22 2 No Yes
Re: 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 # 1 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.
Re: 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# 1 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 Proforma 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.
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Re: What Transactions are captured in Oparating unit level and What at Inventory org level ? Answer OU level: 0 # 1 1) AR & AP
R K Jain
1 Yes 0 No
Re: Can any one tell What is implementation in oracle Applications Answer Enterprise 0 # 1 Resource Planning
Venkat
systems (ERPs) integrate (or attempt to integrate) all data and processes of an organization into a unified system. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules. We implement oracle application Ebusiness suit to automate the process.
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4 Yes 0 No
Bvrp
exchange rates,then in transaction window enter the currency which is not functional.
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4 Yes 0 No
Re: whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM. Answer documents 0 # 1 prepared by
Aravindreddy
the functional consultant 1.RD 20:Business requirements gathering. 2.MD 50:Module design 3.BR 30:Mapping document 4.TE 40:Test cases 5.BR100:Set up document
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4 Yes 0 No
Re: What is the difference between Quick addition and detail addition? Answer QuickAdditions 0 #1
Latha Ummalaneni
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-todate depreciation
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1 Yes 1 No
Re: How to transfer funds between your internal banks? Answer use Bank Account 0 # 1 Transfer
Shankar Ganesh C T
functionality in Cash Management module to transfer funds. (Intra-Company balancing rules are mandatory) in PL setup.
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5 Yes 0 No
Re: What is meant by accrual write off? Answer Writing of Accruals # 1 which are not 0 Raghuka
all the Payable invoices that are not related to any PO and also duplicted invoices and reverse these entries. Tha happens when PO Module is not implemented.
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6 Yes 2 No
Re: Define Requition? Answer requisition is a doc #1 where the purchasing 0 G S N Murthy
is iniciated
Is This Answer Correct ?
3 Yes
0 No
Re: how data is transferred from interface table to base table ? Answer For example if you want to # 2 upload the data from
ap_supplier_site_int interface table to its base table, Run the standard interface program called Supplier sites open interface import. which will upload the Data. All the validations for duplicates checking should be done in the staging table level..As no validation can
1. 2. 3. 4. 5.
HR: Security Profile MO: Security Profile GL Set of books name MO: Operating Unit HR: User type
Isra
For payment method we have to check that whether there is option available for defining a new payment method.. Accounting entries will remain same as in case of payments through bank account. Just Bank Natural Account will be replaced with the Cash
Natural Account while defining the New Cash Bank and Cash Account.
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0 Yes
2 No
Re: How do we depreciate Assets in Oracle Applications? Answer Run the depreciation 0 # 1 program independently
Latha Ummalaneni
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.
Is This Answer Correct ?
2 Yes
0 No
Re: Can somebody provide me the various or atleast most frequent issues a support consultant deal with? Answer It all depends on the nature of # 1 the project that u handel
2) 3) 4) 5) 6)
Partiall Acounted Invoices Partial accounted Payments Unaccounted Invoices Reporting Issues Month end closing issues
Re: In R12 What are the PO types in Purchasing and Invoices in AP? Answer PO Types are Standard 0 # 1 PO/ Blanket PO/ Planned
Giridhar
PO & Contract purchase Invoices: Standard / Mixed / PO Price Adjustments/ Credit Memo/ Debit Memo/ Expense reports / Prepayment/
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2 Yes
0 No
Re: How many key flexfields are there in Payables? Answer There Are NO Flex fields in # 1 AP
Is This Answer Correct ?
Mahi
8 Yes
1 No
Re: What is Interest Invoice and how it can be created? Answer In an invoice we provide for # 2 due date of payment and if
Nisha
that day passes we can provide interest on the same. It depends on the clients requirement whethere client
4 Yes
1 No
Re: What are the types of receipts? Answer Standard and Micellenious # 1 in AR.
Is This Answer Correct ?
Latha Ummalaneni
9 Yes
3 No
Re: What are the types of receipts? Answer THERE ARE THREE TYPE OF # 2 RECEIPTS in receiving 0 Sandeep K Mohapatra
8 Yes
4 No
Re: why we have to reverse the journal entries after Revaluation?is it mandatory if why? Answer Yes, it is mandatory to 0 Haresh # 1 reverse the revaluation
journals in the following month. Revaluation is done for computing the unrealised gain or loss for the month-end at the time of the preparation of the financial statements, inorder to depict a correct picture of the current assets and current liabilities. After the financial statements are generated the
revaluation journals need to be reversed as the gain is unrealised. On realisation, the gain or loss will be autoamtically computed by the system. If the revaluation journals are not reversed, then it would lead to duplication.
Is This Answer Correct ?
7 Yes
1 No
Re: What is the significance of asset books in FA? Types? Answer There are three types of asset # 1 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.
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Re: What is the formula for funds available? Answer Available Fund = ( Budget amount # 1 - Actaul amount -
Encumberances amount
Re: What is ment by depreciation override? Can we override depreciation? Answer If system has calculated a # 1 depreciation a certain amount,
so with the Depreciation override feature this is possible. This is generally used at the time of implementation.