Interested to Buy Any Domain ? << Click Here >> for more details...
what is the impact if i wrongly assign the account type to an segment value in oracle apps r12?
- 1 Answers
- 2830 Views
- Dhanush Infotech, I also Faced
- E-Mail Answers
Answer Posted / tgs100
There are two groups of accounts.
1. Balance sheet accounts - Asset, Liability and Equity
2. Income Statement Accounts - Revenue and Expense
If the mis-classification is WITHIN the group i.e asset type is classified as liability or vice versa, then impact is minimal. If the mis-classification is between the groups (Ex: liability is classified as expense), then impact is high.
At the beginning of the year, the balances of all the asset and liability code combinations from the prev year are rolled forward and the balances of revenue and expenses are made to zero.
Note: Oracle prevents changing of account type for a code combination once it is used .(You can change it for the account value, not for the account code combination)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Payables Applications Technical Reference Manual
What is gap analysis, how do you defined?
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
What is Reporting of financial data in a project.
What is the Invoicing System in Oracle R12
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
What is the use of mo: security profile, while configure multiorg?
What is the Process of Reconciliation Between AP to GL
what is VAT claim process?
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
What is multi org? What is difference between 11i and 12i multi org structure?
On what different real time issues you worked while doing P2P cycle implementation?
what r issues faced in gl
