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Answer Posted / priyanka
Derivative is the product whose value is derived from or
more basic variables ,called underlying .The underlying
asset can
be equity ,index foreign exchange (forex),commodity or an
asset .
Derivative products initially emerged as hedging devices
against fluctuations in commodity - linked derivatives
remained the sole form of such products for almost three
hundred years .The financial derivatives came into spotlight
in post 1970 period due to growing instability in financial
markets .However ,since their emergence these products have
become very popular and by 1990's they accounted for about
two- thirds of total transaction in derivative products.
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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 OR ON WEEKLY? 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? Thanks, KK
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