What is average Balance In Oracle Financials?
- 1 Answers
- 7138 Views
- Oracle, I also Faced
- E-Mail Answers
Answer Posted / varadhi reddy
The Average Balance feature of Oracle General Ledger
provides organizations with the ability to track average and
end-of-day balances, report average balance sheets, and
create custom reports using both standard and average
balances. Average balance processing is particularly
important for financial institutions, since average balance
sheets are required, in addition to standard balance sheets,
by many regulatory agencies. Many organizations also use
average balances for internal management reporting and
profitability analysis.
The difference between an average and standard balance sheet
is that balances are expressed as average amounts rather
than actual period-end amounts. An average balance is
computed as the sum of the actual daily closing balance for
a balance sheet account, divided by the number of calendar
days in the reporting period.
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
Re: what are the Issue that we face in Gl,PO and AP while Supporting
what is the difference between before pages trigger and after parameter trigger in reports ?
What is Reporting of financial data in a project.
what r issues faced in gl
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
difference between 11i&r12
What is difference between primary and secondary ledger
What is Work Flow of AP,AR, Sales & Purchase
On what different real time issues you worked while doing P2P cycle implementation?
What is meaning of deprecation?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
What is the use of gl set of books name, while configure multiorg?
What is multi org? What is difference between 11i and 12i multi org structure?
