Question { Pfizer, 8201 }

What are the setup steps that need to be defined for GL
budgets

Answer

The main setups we do so that the budget functionality
works are
1) Define Budget organasation
2) Define Budgets
3) Open Budget Emcumbrance Year
4) Assign Account ranges
5) Enter budget journals and query for Funds Avaliable.

Question { 4659 }

How do we integrate the financial Applications(Modules) in
the
Multi Organization?

Answer

Multi org functionality i used to maintain in an single
instance the Multiple organasations and their
releationships. AN organasation can be an OU, BG or an
Inventory Org.

The releation ship is established by profile assignment to
the financial modules.

The mandatory profiles are:
1) Hr business group
2) Mo security profile
3) Mo operating Unit,
4) Gl setof books ? GL Ledger name in r12
5) Hr user type

Question { Cap Gemini, 17676 }

What is the consolidation ?

Answer

Consolidation is a functionality in the General Ledger
Module that allows you to combine financial results of
multiple companies from multiple sets of books,
currencies, calendars and accounting
flexfield structures. Consolidation can be done in 2 ways

1) One can use FSG if the SOB are same
2) Global Consolidation System (GCS) if the SOB are
diffrent where the individual account to account mapping is
done.

Question { Oracle, 8928 }

What is the procedure of: Analysis of invoice holds and
getting them released in Accounts Payables.

Answer

For any Invoice which goes on Hold can be viewed from
Invoice Header report under Holds Tab along with the reason
for hold.

There are 2 types of Holds.

1) Manual Hold
2) Sysytem Hold

Manual hold can be applied on any invoice as per the
requirment and same can be released manually.

System holds can be only addressed be resolving th cause of
the error.

Question { ABC, 29667 }

Expalin TCA architecture, why it was introduced in R12?

Answer

TCA is Trading Community Architure, it was introduced in
R12 to see that majorty isses with earlier Supplier ,
Customers and their link between in OU.

In R12 the TCA defines all as parties under HZ_parties so
for each it will create an Party_id which can be sahred
across LE's & OU's .

In R12 banks are also creatd under TCA

Question { 5404 }

What is the Role of As a functional Consultant. Can any Body
help me out

Answer

A role of a function consultant in a project can be broadly
classifed into

1) He should be client facing,
2) Understand Client requirments
3) Understand Application
3) Suggest application solution
4) Analyse Gaps
5) Suggest work arounds if its not a seeded functionality.
6) Build Solution
7) Implement Solution
8) Train Users
9) Co-ordinate with Client team
10) Co-ordinate with technical and Project team.

And it can differ from project to project

Question { Wipro, 5943 }

Can somebody provide me the various or atleast most
frequent issues a support consultant deal with?

Answer

It all depends on the nature of the project that u handel
in support.

Some Issues are:

1) Holds on AP Invoices
2) Partiall Acounted Invoices
3) Partial accounted Payments
4) Unaccounted Invoices
5) Reporting Issues
6) Month end closing issues