Answer / 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)

Please tell me what is kick off,As is,to be process at the time of implementaion in details.

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6. TDS accounting entry

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What is ment by what-if analysis?

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.

3 Answers   Oracle,

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