what is the impact if i wrongly assign the account type to an segment value in oracle apps r12?
Answer Posted / tgs100
There are two groups of accounts.
1. Balance sheet accounts - Asset, Liability and Equity
2. Income Statement Accounts - Revenue and Expense
If the mis-classification is WITHIN the group i.e asset type is classified as liability or vice versa, then impact is minimal. If the mis-classification is between the groups (Ex: liability is classified as expense), then impact is high.
At the beginning of the year, the balances of all the asset and liability code combinations from the prev year are rolled forward and the balances of revenue and expenses are made to zero.
Note: Oracle prevents changing of account type for a code combination once it is used .(You can change it for the account value, not for the account code combination)
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
what is the difference between bonus reserve and bonus expense
Explain Customization process?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
what r issues faced in gl
Substitute receipts and Unordered Receipts
What are register in India localisation?
How do you adjust receivables?
What is the db number of a particular customer TCA?
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
What is gap analysis, how do you defined?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
How to support projects life cycles details?