Answer / varadhi reddy

The Average Balance feature of Oracle General Ledger
provides organizations with the ability to track average and
end-of-day balances, report average balance sheets, and
create custom reports using both standard and average
balances. Average balance processing is particularly
important for financial institutions, since average balance
sheets are required, in addition to standard balance sheets,
by many regulatory agencies. Many organizations also use
average balances for internal management reporting and
profitability analysis.

The difference between an average and standard balance sheet
is that balances are expressed as average amounts rather
than actual period-end amounts. An average balance is
computed as the sum of the actual daily closing balance for
a balance sheet account, divided by the number of calendar
days in the reporting period.

Use of automatic offset method?

2 Answers   TCS,

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i have defined currency rates for the month of june translation purpose and june period is opened but in translation form i have seen periods from july why it happend could u please explain

3 Answers  

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Why does an accounting period doesnot appear in the accounting periods list of values on the journal entry form?

2 Answers  

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whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.

2 Answers  

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Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"

0 Answers   IBM,

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For what purpose we assign qualifiers to our segments?

1 Answers  

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What is write off Accruals? what is the use of this?

1 Answers   Genesis,

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Why Retained Earning Account is necessary for the set of book creation while implementing oracle new business.

4 Answers  

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AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?

3 Answers   FCS, Hexaware,

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I have defined the system options,Receivable activity for REFUND in AR.And now i am getting fallowing error while creating REFUND in Receipt. ---------An unexpected error -6502 has occurred. An alert has been sent to the system administrator. ORA-01403 no data found---------

2 Answers  

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What are the Accounting Entries in P2P.in Oracle Financial terminology ?

6 Answers  

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types of valuesets

1 Answers  

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