what is the impact if i wrongly assign the account type to an segment value in oracle apps r12?
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 |
How would you transfer funds from one bank to another bank in oralce apps? And in which module you can do this?
what is the md50 document and explain
How many key flexfield in Receivables ?
What are the types of receipts?
What all elements is set for the Responsibilities ?
How can I get the Profit & Loss (P/L) report of a period in GL ? plz tell me the parameter name if it required me to submit a new request ?
Hi all, what are the mandatory sql/plsql commands functional consultant need to know, let me know please.....
Is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION SEGMENT RULE in flex field structure while setting up the CROSS VALIDATION RULE. plz clarify my dt
What are the mondatory steps for Receivable module before entering transactions ?
PLS ANY ONE EPLAINE ME I AM RECEIVING JOURNALS FROM RECEIVABLE AND PAYABLES IN GENERAL LEDGER I WANT RECEIVABLE JOUNALS APPROVAL AND PAYABLES JOURNALS I DON'T WANT APPROVAL HOW CAN SET UP THIS
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.
Accounting Methods?