Answer / omsai

AP ACCOUNTING PERIODS HELPS TO PERFORM INVOICES RAISING AND
PAYMENTS MADE WITH IN THE THE APPLICATION. BEFORE WE
TRANSFER BALANCES TO GL , WE NEED TO CLOSE THIS SUB LEDGER
PERIODS. AFTER FROM THAT, IF PROPER VALIDATIONS ARE NOT
TAKEN AND HOLDS EXISTS ON EIGHER INVOICE OR PAYMENT THEN WE
CANT CLOSE AP PERIODS..WHICH INTURN EFFECTS ON GL CLOSE AS
WELL AS CONSOLIDATION

Answer / nisha

Accounting periods are the periods in which you perform
your operations.Accounting periods are closed so as to
ensure that no accounting entries can be passed in that
period after they are clsoed.Suppose you have issued your
results without closing your accounting periods and then
you chnage some entries in that period thus in turn
misleading the public at large.So it is important to close
your accounting periods.Also, if accounting periods in Ap
are not closed it shall not allow you to run GL.Prior to
closng the periods it is important to ensure that all your
invoices are validated and no hold exists on any one of
them.If hold exists it shall not allow you to run GL.

Answer / javvad

AP ACCOUNTING PERIODS HELPS TO PERFORM INVOICES RAISING AND
PAYMENTS MADE WITH IN THE THE APPLICATION. BEFORE WE
TRANSFER BALANCES TO GL , WE NEED TO CLOSE THIS SUB LEDGER
PERIODS. AFTER FROM THAT, IF PROPER VALIDATIONS ARE NOT
TAKEN AND HOLDS EXISTS ON EIGHER INVOICE OR PAYMENT THEN WE
CANT CLOSE AP PERIODS..WHICH INTURN EFFECTS ON GL CLOSE AS
WELL AS CONSOLIDATION

Answer / javvad

Hai, this is javvad MBA ORACLE FINANCE

BY THE USE OF AP ACCOUNTING ...............

If we hire you and that another company will offer you more money .... what will you do?

3 Answers  

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What is profitability? How do you map 'segment wise profitability' in Oracle?

1 Answers   IBM,

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What is Auto Accounting in Receivables?

2 Answers   KPIT,

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What is the purpose of secondary tracking Flexfeild Qualifier

1 Answers   Evosys,

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What is the consolidation ?

11 Answers   Cap Gemini, HCL,

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whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.

3 Answers  

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What are the mandatory flexfiels used in FA?

3 Answers  

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What are register in India localisation?

0 Answers   KPIT,

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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

1 Answers   IBM, iGate,

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Hi, I am a MBA(Finance) and done my graduation in B.Com (H).I have a teaching experience of 3 years in a Management college. I want to shift in IT as an Oracle apps (Functional) consultant. Could you please suggest me some certified courses in Oracle Appa(Functional)in Delhi/NCR region which provides placements as well. or can anyone suggest some other course in line with my educational qualification. My Email ID : anshulkumarmathur@rediffmail.com Regards, Anshul

1 Answers  

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While you are in implemenation what are the u issues faced? tell me what some issues?

6 Answers   iFlex, TCS, Tesco,

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what is the meaning of fnd_request.submit_request(...) ?

3 Answers  

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