What is elimination?

Answers were Sorted based on User's Feedback



What is elimination?..

Answer / bismaya

Elimination is a part of the consolidation process, where we define elimination set to eliminate the additional entries due to inter company transactions in the consolidation ledger.
This process will avoid the under statement and over statement of the balances in the consolidation ledger.

Is This Answer Correct ?    2 Yes 0 No

What is elimination?..

Answer / chandini.e

Elimination is the process of getting rid of something in fields such as waste, errors, or the competition . Derived from the Latin word limen, which means threshold.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Oracle Apps Financial Interview Questions

What are the tables associated with Invoice?

2 Answers  


What is meant by matching and what are the types of matchings available?

3 Answers  


Tell me cash management mandatory setups

2 Answers   Genpact, IBM,


How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?

1 Answers  


What is the use and benefit of Multi-Org.

6 Answers   Aurobindo,






I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.

0 Answers   DELL,


What is meant RD020

0 Answers  


In Multi Org can you tell what is SHORT ENTITY ?

1 Answers   Logica CMG,


What are the various Journal Entries generated through fixed assets

2 Answers  


what is difference between realized and unrealised gain or loss?

1 Answers   Ernst Young,


What are the inventory report to check inventory status.

0 Answers   Arihant,


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.

1 Answers   Hitachi,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)