What is revaluation & translation ?
Revaluation: Revaluation is a Process of Finding Unrealised Gain or Unrealised Loss of the Liability or Asset account.
Ex: when a Org Purchases a Asset on credit, say in foreign currency through this process an organisation is able to know how much gain/loss incurred on that day.
Prerequsites:
Difine Unrealised Gain/Loss Account
Difine Currency Rates for Period End
Run Program Revaluation.
Translation: Translation is a Process of Converting Entries from Functional Currency to Foreign Currency
Prerequisites:
Difine Translation Adj Account
Ensure Previous Period is opened
Difine Currency Rates for Period Average type
Run Translation Program
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2. what is receipt method.
Re: what are the Issue that we face in Gl,PO and AP while Supporting
if you are not having a cashmanagement module how to reconcile or how to clear the transactions?
why we have to reverse the journal entries after Revaluation?is it mandatory if why?
Is it possible to match PO from Order Management in AP, if so how ? How does the P.O matching process works in AP?
Hi, Friends i am Commerce Graduate (B.Com). I have completed my graduation in the year 2006. I have 3+ years of experience in Accouns. When i was in B.com 2nd year, since then i have been working as an Accountant. Apart from that i learnt Oracle Applications Finance from a Certified Partner of Oracle, but the thing is i dont have Oracle real time experince, and i want experience in oracle as Functional Consultant. Can i get job in oracle or i have to Procced in Accounts/Finance Field . Please advice me
Can I find out which invoices are matched to a PO?
Prepared transaction for 1000$, Received receipt from customer For 1000$, Transaction and receipt closed. customer returned 200$ worth goods, He wants refund for 200$. how can you achieve this.
2 Answers Accenture, Cap Gemini,
what are the key flex fields in oracle payables?
If we hire you and that another company will offer you more money .... what will you do?
If you are implementing Payables and Receviables in R12?................. What type of data do you select to migrate it from legacy systems?
What kind of budgets have you worked on?