Interview Questions Answers in Oracle Apps Financial

praveen

{ City } hyderabad
< Country > india
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Questions / { praveen }

Questions Answers Category Views Company eMail

Why do we use Check Positive Pay ?

Doyensys,

1 Oracle Apps Financial 2750

What is the Use of Grouping Rule in Receivables ? is it mandatory field ?

Doyensys,

Oracle Apps Financial 1485

While Performing Data Migration from Legacy system to Oracle what are the requisites you will perform as a functional consultant for GL, AP, AR, and PO.

Hitachi,

1 Oracle Apps Financial 3709

What is the Process of Reconciliation Between AP to GL

Wipro,

Oracle Apps Financial 1608

Answers / { praveen }

Question { Deloitte, 4549 }

What is revaluation & translation ?

Answer

Revaluation: Revaluation is a Process of Finding Unrealised Gain or Unrealised Loss of the Liability or Asset account.
Ex: when a Org Purchases a Asset on credit, say in foreign currency through this process an organisation is able to know how much gain/loss incurred on that day.
Prerequsites:
Difine Unrealised Gain/Loss Account
Difine Currency Rates for Period End
Run Program Revaluation.
Translation: Translation is a Process of Converting Entries from Functional Currency to Foreign Currency
Prerequisites:
Difine Translation Adj Account
Ensure Previous Period is opened
Difine Currency Rates for Period Average type
Run Translation Program

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