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Categories >> Software >> ERP CRM >> Oracle Apps >> Oracle Apps Financial
 
 


 

 
 Oracle Apps Technical interview questions  Oracle Apps Technical Interview Questions (488)
 Oracle Apps Financial interview questions  Oracle Apps Financial Interview Questions (603)
 Oracle Apps Manufacturing interview questions  Oracle Apps Manufacturing Interview Questions (51)
 Oracle Apps HRMS interview questions  Oracle Apps HRMS Interview Questions (77)
 Oracle Apps CRM interview questions  Oracle Apps CRM Interview Questions (9)
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 Oracle Apps AllOther interview questions  Oracle Apps AllOther Interview Questions (11)
Question
What is 2 way, 3 way and 4 way matching?
 Question Submitted By :: Oracle-Apps-Financial
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Making payments to the suppliers in 3 ways.
what ever you have ordered for the PO we will make the
payment for the suppliers in 2- way(we will compare two
documents PO and Invoice).

eg:Suppose we Had given PO for 100 items ,for that we will
receive invoice for 100 items. so that we will make payment
for that 100 items.

2) In 3-Way we will compare 3 documents
PO+reciept+Invoice

Eg:Suppose we have ordered 100 items in PO. But we had
received only 80 items ,But we had received invoice for
100 items. so, we will make payment for only 80 items

3)IN 4-Way we will compare 4 documents
PO+Receipt+Invoice+Inspection

Eg:Suppose we have 100 items in PO. Suppers send us 80
items We will do inspection on those items what ever we
have received, If 10 items got damaged. finally, we are
going to
make payment to the 70 items only.
 
Is This Answer Correct ?    151 Yes 15 No
Shravan Kumar
 
Answer
# 2
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
 
Is This Answer Correct ?    77 Yes 17 No
Mahi
 
 
 
Answer
# 3
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

3 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 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 inseption.

it ckecks all the condition , system will accpect all these
conditions if it is with in tolerance, or else it will hold
 
Is This Answer Correct ?    29 Yes 9 No
Kranthioracle
 
Answer
# 4
INVOICE , PO----------2WAY MATCH
INVOICE ,PO ,GRN-------3WAY MATCH
INVOICE ,PO ,GRN AND QC-------4WAY MATCH
 
Is This Answer Correct ?    22 Yes 3 No
Sunitha P
 
Answer
# 5
Plz give me u r
COntct who is working on. Oracle financials
 
Is This Answer Correct ?    2 Yes 2 No
Ram
 
Answer
# 6
Hi regarding Oracle Financial , Purchasing, Inventory and
O2c feel free to write me. We are one of the leading Oracle
Gold partner in Bangladesh

FUSION INFOTECH LTD
Mirpur 12 Dhaka
www.fusioninfotechltd.com

M.shukarno Bin Shareef
msbshareef@fusioninfotechltd.com
 
Is This Answer Correct ?    1 Yes 3 No
Shukarno
 

 
 
 
Other Oracle Apps Financial Interview Questions
 
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For which Business scenerio is the Multi Org setup Required ? IBM 2
How can we create FSG in another currency other than the currency which is associated with ledger? Cap-Gemini 1
What is price break and what are the different types of price breaks ? FIC 3
Is Operating unit have branches in different location. I.e. same operating unit have One branch at Delhi and another one at Mumbai. Aurobindo 2
Accounting Methods?   5
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 ? KPIT 2
How many key flexfields are there in Payables? IBM 19
Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. How can you perform these steps in AP? Sierra-Atlantica 7
What is meant by accrual write off?   3
What is the Mondatory profile options used in Multi Org ? FIC 2
Can you cancel the invoice? If yes, explain?   5
what is the difference between balance, account, none (automatic offset methods)? Cognizent 4
 
For more Oracle Apps Financial Interview Questions Click Here 
 
 
 
 
 


   
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