Why assign balancing segment flex field qualifier in company segment ?
As per the accounting practice, accounting has to tally (debit total =credit total) for each company to take the financial statements. Now how does Oracle Apps identity which is a company segment? You could enter CMP, COMP, COMPANY, Company, Co, etc to define a company. Irrespective of what name you give it for a company, if you attach a qualifier as balancing segment, system knows that balancing has to be done at that level.
| Is This Answer Correct ? | 1 Yes | 0 No |
how do u explain what are revaluation reserve, revaluation reserve retired, and revaluation amortization accounts
How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?
What is multi org? What is difference between 11i and 12i multi org structure?
Where we r defining the payment limits. ex:As per my business requirement business have a payment limit is 10000.Where we defined this type of limits.
What are the Distribution Type while entering the Invoice?
What is primary set of book?
What is an accounting calendar and a Transaction calendar ?
What are the mandatory setups in AP?
what kind of necessary AP information u gather from the client.
What is an ERS
what is the accounting convention? what are they?
What is ment by Roll back depreciation?