What are the components of Set of Books?
Answer / mstapps
Components are 3c's and 6 mondatory accounts and futur periods
three c are
1. Chart of accounts
2. Currency
3. calendar
Mondatory accounts are
1. Retained earning
2. Translated adjustment account
3. Net income
4. Suspence account
5. Rounding difference account
6. Reserve for Encombrance
and Future period
this are the coponents for SOB
| Is This Answer Correct ? | 10 Yes | 0 No |
What is meant by pay on receipt auto invoice?
What is Reporting of financial data in a project.
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.
whats is the differce between 11i & 10.5.9
Expalin sequence in brief in R12 in general Ledger module. what are major changes around this functionality?
you have create a purchase order, it is approved also. now you want to change in the purchase order, hoe can you do that?
Explain about Localization (IND & US ) in Oracle Apps ?
What is Cross Journal?
Please let me know the various accounting entries in AP & AR for a layman. Like invoice posting, payment, offset entries, exchange fluctuation entries, i am preparing for an interview. PLEASE HELP
what is the link between Ar and PO modules? waht is link between ap and po? what is link between gl and po? what is link between gl and ap? what is link between gl and ar? what is link between ap and ar?
What is price break and what are the different types of price breaks ?
Tell me steps for Period closing Process in AP?