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what is meant by accural report? it consist of ?
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Answer / ch roopa
They are two Accrual methods
1 Accrue on Recepit
2 Accre at period end
Accre on receipt means that when a receipt is saved,
accrual transactions are immeditely recorded and sent to gl
interface. This is also known as "online" accruals.
Accrue at periond end means that when a receipt is saved,
the accrual transactions are not immediately recorded and
sent to gl; instead the accounting entries are generated
and sent at the end of the month by running the Receipt
Accrual-Period End process
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / mohammed sameer
The two Accrual Methods used in Oracle are 'On Line
Accrual' and 'Period End Accrual'.
On Line Accrual also called Accrual at Receipt means the
Accrual Accounting is
generated by the Receiving Transaction at time of receipt.
On Line Accrual is used for accruing Inventory Destination
transactions and in
a limited way Expense Destination Transactions where there
is the need to
perpetually track stock movement. Period End Accrual is the
recommended method
for accruing Expense Destination Transactions.
| Is This Answer Correct ? | 4 Yes | 0 No |
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