what is invoice variance in ap

Answers were Sorted based on User's Feedback



what is invoice variance in ap..

Answer / somesh

If you use Accrual Basis Accounting, Payables records variances when you approve and post a purchase order matched invoice distribution. Variances are the differences between the purchase order and invoice in Price, Quantity, and, for foreign currency transactions, Exchange Rate.

Is This Answer Correct ?    3 Yes 3 No

what is invoice variance in ap..

Answer / prasad

Invoice Price Variance (IPV) - The difference in between the Purchase Order Price & Invoice accounted price.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Oracle Apps Financial Interview Questions

What is meant by receipt routing?

1 Answers  


Can any one tell What is implementation in oracle Applications

2 Answers   Wipro,


why we have to reverse the journal entries after Revaluation?is it mandatory if why?

1 Answers   Oracle,


what are the key flex fields in oracle payables?

2 Answers   IBM,


Can I Change the Value set once i attache to MY COA and can i post the journal entries with assiging the valuesets ti the COA

3 Answers  






Is it possible to import invoices of a specific Sales Order?

1 Answers  


what is the steps to customization ?

0 Answers   AB Inc, TCS,


What is meant by matching and what are the types of matchings available?

3 Answers  


How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?

1 Answers  


What is the period end process in AR.What is the reports required for peeriod process

1 Answers   Cognizant,


What is internal-external bank (account)? Suppliers bank account? Inernal-external sales order? In AP, do you settup each supplier with its own account or you just use your expense/charge account for all supplier.Whatif you want to know how much money you paid to a particular supplier?

2 Answers  


Anyone provide the oracle fin/scm definetions

0 Answers   Fresher, Genesis,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)