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Accounting Methods?

Answers were Sorted based on User's Feedback



Accounting Methods?..

Answer / jairaj eluvathingal

Accounting Methods.
1.1 Accrual Method
1.2 Cash Method
1.3 Hybrid Method (not allowed by AS, but you can see these
method in practice in small setups)

Is This Answer Correct ?    10 Yes 0 No

Accounting Methods?..

Answer / kis

1.standard Accrual
2.Standard Cash
3.Encumbrance Accrual
4.Encumbrance Cash
5.United State Federal

Is This Answer Correct ?    4 Yes 1 No

Accounting Methods?..

Answer / latha ummalaneni

Accrual method and Cash method.

Is This Answer Correct ?    4 Yes 2 No

Accounting Methods?..

Answer / priya pusp

Correct Answer is by Jairaj Eluvathingal .

Is This Answer Correct ?    2 Yes 0 No

Accounting Methods?..

Answer / prasad

Accounting Method defined in Oracle of 2 Types

Standard Accruals Method - for Future accounting purposes
which is due in that accounting period for payable.

Standard Cash Method - For accounted in the same period of
expending in nature as per AS.

Is This Answer Correct ?    0 Yes 0 No

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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.

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