Answer Posted / nossam mallikharjuna reddy

po creation no entry


at the time of receipt

inventory receiving a/c-dr
to ap accural a/c

at the time RECEIVING GOODS

inventory validation a/c-dr
to inventory receivinga/c

at the time of MATCH,PAYABLE CREATE

ap accural a/c -dr

to liability

at the time of invoice payment

liability a/c-dr
to cash clearing or bank clearing a/c
at the time of cash actual payment

cash clearing or bank clearing a/c-dr
to bank or cash a/c
at the time of deliveryto the sub invenentory

expense a/c -dr
to inventory validation a/c



AR JOURNAL ENTRIES

at the time of pick release

inventory staging a/c -dr
to inventory finished goodsa/c

at the time of ship confirm

cogs a/c -dr
toinventory organization a/c

at the time of receivables

receivable a/c-dr
to revenue a/c
to frieght a/c
to tax a/c
at the time of cash

cash a/c -dr
to receivablea/c


p-2-p for fa entries



purchase

inventoru receiving a/c-dr
to ap accural a/c

receiving

asset clearing a/c-dr
to inventory receiving a/c

payable

ap accural a/c -dr
to bank a/c

when adding asset

asset cost a/c -dr
to asset clearing a/c


whem run depreaciation


depreciation exp a/c -dr
to accumulated depreciation a/c


ap refund
cash a/c -dr
to liability

ar refund
liability a/c -dr
to cash a/c

Exchange fluctuation entries
DR. Accounts Receivables 10000 Euro
Cr Revenues 10000 E

Convert 1 Euro =.8 US $
DR. Accounts Receivables 8000 US $
Cr Revenues 8000 US $

Revalue 1 Euro =.81 US $
DR. Accounts Receivables 100 US $
Cr unrealised Gain 100 US $

can any one tell me what exactly functional consultant do on daily basis? client requirements?

536

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Provide an overview of AR cash receipt processing.

2166

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How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12

6566

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please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".

1748

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Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

2571

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Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues

1265

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I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.

1631

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What do you mean by Category Set ? and what is its Relevance ?

1983

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difference between tds and income tax (India)

1380

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What is automation of accounts payable activities (evaluated receipt settlement)?

707

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What is gap analysis, how do you defined. What are the pre-requisities?

635

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What is difference between primary and secondary ledger

616

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What is Reporting of financial data in a project.

1614

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Substitute receipts and Unordered Receipts

2888

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What is meaning of deprecation?

623

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