what is the impact if i wrongly assign the account type to an segment value in oracle apps r12?
- 1 Answers
- 2114 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
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
Explain about Localization (IND & US ) in Oracle Apps ?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
What is the Invoicing System in Oracle R12
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
What is meaning of deprecation?
What is the meaning holding tax?
Difference between header level tax calculation and line level tax calculation
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
can any one tell me what exactly functional consultant do on daily basis? client requirements?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
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.
