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what is the difference between Financial and payable
options in Accounts Payables?

Answers were Sorted based on User's Feedback



what is the difference between Financial and payable options in Accounts Payables?..

Answer / kim khan

Financial options are the default values that you use for
your financial applications i.e., values entered here are
shared by payables, purchasing and Assets. these options
simplify supplier entry, requisition entry, po entry,
invoice entry and automatic payments.

Payable Options are the control options used as defaults
throughout payables to simplify supplier entry, invoice
entry and automatic payment processing.

Is This Answer Correct ?    15 Yes 0 No

what is the difference between Financial and payable options in Accounts Payables?..

Answer / vamsi

Fianancial Options works for Purchasing,AP and FA where as
Payable options works for Payables only

Is This Answer Correct ?    6 Yes 1 No

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More Oracle Apps Financial Interview Questions

I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.

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