Interview Questions Answers in Oracle Apps Financial

Questions / { ganesh }

Questions Answers Category Views Company eMail

While setting up the cross validation rules is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION RULE check box in flexfield structure. plz clarify my dt

3 Oracle Apps Financial 5044

Please post the setups required to approve the payable invoice in AP.

Oracle Apps Financial 1817

What are the Setups required for payable invoice approval.

3 Oracle Apps Financial 7167

As a functional consultant how much knowledge i should have about tools used in oracle apps r12.

1 Oracle Apps Financial 2722

I have defined the system options,Receivable activity for REFUND in AR.And now i am getting fallowing error while creating REFUND in Receipt. ---------An unexpected error -6502 has occurred. An alert has been sent to the system administrator. ORA-01403 no data found---------

2 Oracle Apps Financial 8115

Can any one tell set ups required for for Bills Receivables and also Automatic Receipts.

2 Oracle Apps Financial 5277

Answers / { ganesh }

Question { Wipro, 12229 }

what is the main difference between the MRC and Revaluation?
can any one tell me.

Answer

MRC is nothing but Reporting currency in R12 which converts
every txn which you enter will be converted into foreign
currency.For this u need to create a separate ledger with
foreign currency and same cal,coa.
REVALUATION is period end process which finds unrealized
gain and loss on assets,liabilities because of fluctuations
in currency.For this we have to give gain and losses
A/Cs.For this u need to define conversion rates.
Unrealized gain/Loss----Suppose u purchased items on 01jan12
and payment done on 30jan12.The difference between rate on
01jan12 and 30jan12 gives the gain and loss.

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Question { 6603 }

What are the different types of Set of Books ?

Answer

PRIMARY,SECONDARY,REPORTING LEDGERS

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Question { KPIT, 9527 }

What is Auto Accounting in Receivables?

Answer

Auto accounting creates accounting code combination while
entering txns.
For this you have to define Auto accounting for
receivables,revenue,un billed receivables etc.

Receivables:
SET UP-TRANSACTION-AUTO ACCOUNTING
SELECT OPERATING UNIT,SELECT TYPE AS RECEIVABLES,REVENUE ETC
SELECT SEGMENT NAME,TABLE NAME OR CONSTANT
EX: COMPANY AS SEGMENT NAME ,CONSTANT MEANS SELECT COMPANY
CODE (EX:::01 FOR OPERATIONS)
IN THE SAME WAY SELECT DEPARTMENT,ACCOUNT(RECEIVABLE
A/C),FUTURE VALUE.

AND SAVE IT

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Question { IBM, 8056 }

Intercompany setup in oracle applications with transaction
processing

Answer

Step1:Enable the Inter company balancing check box by
updating ur ledger
Step2:Enable the Inter Company balancing segment qualifier
for ur balancing segment value
Step3:Define 2 LEs with with each having atleast one company
LE1:A,B companies LE2:C,D companies
Step4:Now define rules
--query ur ledger and update towards intercompany a/cs.
--click on relationships towards LE1
--give transacting bsv(A), trading LE as LE2 and
trading bsv (C).
--give payable and receivable a/c s
--click on relationship towards LE2
--give transacting bsv(C), trading LE as LE1 and
trading bsv (A).
--give payable and receivable a/c s
Step5:Now enter txns
enter-journal-enter
line1 asset of company A DR
line2 cash of company C CR
post
and requery
now the txn should be
company dr cr
A asset
C cash
A payables
C receivables

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0 No