What is average Balance In Oracle Financials?
The Average Balance feature of Oracle General Ledger
provides organizations with the ability to track average and
end-of-day balances, report average balance sheets, and
create custom reports using both standard and average
balances. Average balance processing is particularly
important for financial institutions, since average balance
sheets are required, in addition to standard balance sheets,
by many regulatory agencies. Many organizations also use
average balances for internal management reporting and
profitability analysis.
The difference between an average and standard balance sheet
is that balances are expressed as average amounts rather
than actual period-end amounts. An average balance is
computed as the sum of the actual daily closing balance for
a balance sheet account, divided by the number of calendar
days in the reporting period.
Is This Answer Correct ? | 11 Yes | 0 No |
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
0 Answers Transasia Bio Medicals,
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 meant by accrual write off?
How do U do the Analysis of discounts lost and fixing the root cause
What is meant by matching and what are the types of matchings available?
What is UAT and where we can Apply ?
What is the Process of Reconciliation Between AP to GL
How can we Define Corporate law sob and Income Tax law Sob?
what are the Issue that we face in Gl,PO and AP while Supporting.
how do you know chart of accounts is in Active
hi friends i am a B.com Commerce Graduate, completed in the year 2006. i have good knowledge in oracle General Ledger, Accounts Payable, Cash Management. i have basic Knowledge in Accounts Receivables and Fixed Assets, i dont have experience in oracle financials, but i have 3 years of experience in Accounts. After learning oracle i am very much confused that will i be eligible to get job in oracle or not. i got adviced from many consultancies and councellors about this matter , few of them advice me to search oracle job and few are'nt . please advice me to what to do .
What are the types of Invoices , what is prepayment & steps to apply it to an Invoice ?
4 Answers HCL, IBM, Oracle, TCS,