Question { 14844 }

What are the steps to define a Bank?

Answer

there are 3 types of bank account
1.internal
2.customer
3.supplier

if ur defining internal and customer bank accounts u need
to define payament format.

steps
-----
setup>payment>format
1.payment format describes in which method u want to make
payment to the supplier
2.how many invoices are to printed in a cheque.
3.how the cheque has to be printed
after defing this save ur work.

step 2
------
setup>payment>bank

1. enter ur bank name & branch name.
2. click on bank accounts
3. select internal
4. give gl accounts cash & cash clearning
5. click on payables doucument
6. define name of doc & attach ur payment format which we
defined in step one.
7. give the numbering from where to start.
this are the mandatory setup's

Question { Deloitte, 17627 }

What do you know about FA to GL cycle?

Answer

Six module are integrated with FA to GL Cycle.
starting from
inventory (define the item as asset)
|
|
purchasing (raise po for the above item)
|
|
payables ----------- Cash management
| (reconcile)
|

( pay for the PO & give track as asset for the invoice,
prepare mass addition & transfer to gl)
|
--------------------
| | (post mass addition)
| |
General Ledger Assets

Question { 14339 }

What is meant by quotation and quotation analysis?

Answer

quotation = is a statement consisting of current price of
the commodity which the supplier will be sending to the
organisation, when we place RFQ

quotation analysis = after getting the quotation from
different suppliers we select the best quotation , the
process of selecting the best is know as quotation analysis.

Question { 31634 }

What is meant by receipt routing? Types?

Answer

receipt routing are of three types

1. Standard routing
2. Direct routing
3. inspection routing

standard
--------
goods recieved from

supplier ----------> sub inventory.

direct
------
supplier---->recieving area(stagging area)------>sub
inventory

inspection
----------

supplier----> recieving area------->inspection(done)----
>sub inventory.

Question { 8834 }

What is the use of auto create?

Answer

Auto create funtion -- Will create PO DOCUMENT
automatically (means u will come into PO window)by giving
the requsition number in auto create window .

Note: paste ur requsition number & DELETE THE BUYER or else
it wont show ur requisition lines.

Question { 8426 }

What is Matching? What are the various methods of matching?

Answer

MATCHING IS HOW U MATCH AN RECEIPT OR PO WITH UR INVOICE

THERE ARE THREE TYPES OF MATCHING
---------------------------------
2 way matching

when u match purchase order or reciept, during invoice
validation, it will check the 2 conditions

1. Quantity billed <= Quantity ordered
2. Invoice price <= Purchase order price

while raising po (we mention the quantity & po price)
(5) (5) =25
the system will check the invoice quantity & invoice price)
(5) (5) =25



3way matching
-------------

1.Quantity billed <= Quantity ordered (5)=(5)QUANTITY
2.invoice price <= Purchase order price (5)=(5)PRICE
3.Quantity billed <= Quantity received (5)=(4)QUANTITY

4 way matching
--------------
1.Quantity billed <= Quantity ordered (5)=(5)QUANTITY
2.invoice price <= Purchase order price (5)=(5)PRICE
3.Quantity billed <= Quantity received (5)=(4)QUANTITY
4.Quantity billed <= Quantity accepted 5)=(3)accepted
quantity after inspection.

it ckecks all the condition , system will accpect all these
conditions if it is with in tolerance, or else it will hold

Question { 11776 }

What is the use of defining security hierarchy?

Answer

security hierarchy ---- security rules applies to both
parent and the child values.

NONE -- security does not apply to any values.

Non security hierarchy --- applies only to parent but not
to child values.


NOTE:
THIS TYPES OF RULES ARE USEFUL IF UR PLANNING TO USE
SECURITY TYPE RULE.

Question { Oracle, 9846 }

What are the different ways of adding assets in FA?

Answer

there are three types of adding asset

1.Detail Addition - where u need to give more details for
adding asset i think u will open 3 windows.

2.Quick Addition - u will enter all the information in one
window.

3. Mass addition (through payables).

Note while doing mass addition program u need to enable
TRACK AS AN ASSET FEATURE at distribution level.

Question { 7463 }

What is the significance of asset books in FA? Types?

Answer

There are three types of asset books
1.corporate book
2.tax book
3.budget book.

corporate book is maintained by the organisation and
fallowed according the organisation rules.

Tax book is prepared for reporting to tax authorities.

BUdget book is optional.

Question { 12497 }

What are the asset types in FA Module?

Answer

1. Capitalised Asset.
2. Cip asset.
3.expenced asset.

Question { 9568 }

What are the depreciation methods used in FA module?

Answer

5 tpyes of depreciation methods used in assets

1. flat rate method
2. calculated method
3. Table method
4. formula method
5. production method

apart from this we have STL, DEMINISHING method

Question { Merrill Lynch, 24282 }

What is ment by prorate convention?

Answer

fiscal year - according to dictionary definition any
accounting peroid consisting of 12 months is fiscal year.
where as in assets while defining fiscal year we are just
mentioning the start and end period.

depreciation calender - determines the number of accounting
periods in the fiscal year ex- jan, feb, mar.

prorate calender/ convention - This determines over how
many periods
to spread the annual depreciation amount (or) else in
simple terms it specifies when an asset should be
depreciated.

Ex: purchased an assest on jan
and specified prorate date as mar, in this case the
system will run depreciation in the month on mar.

Question { 5547 }

What is ment by projection?

Answer

Depreciation Projections form is used to compare actual
and planned spending (depreciation expense ).

Question { 6250 }

In prepare mass additions window what are available Q names?

Answer

new - when u tranfered asset from payables (New mass
addition line)

post- creates new asset from mass addition line.

merge- combining 2 mass addition lines (2 assets).

split- spliting mass addition lines into 2 lines(one asset
into 2 asset(sub asset)).

delete- cancelling the mass addition.

onhold- Mass addition line updated or put on hold by you

Question { Aurobindo, 15262 }

What is the difference between Operating ID and Org. ID.

Answer

org_ig is at operating unit level and organization_id is at
inventory unit level.


if u r using SQL.... Type the command

select * from ap_invoices_all (clt+enter)

u can see the ORD_ID Table which is at operating unit level.