Interested to Buy Any Domain ? << Click Here >> for more details...
Oracle financials talk of Set of Books. However at the
beginning of an implementation, when you talk of set of
books to the CFO, he will most likely tell you that 'He has
just an accounting book for the organization'. So he feels
that he does not need 'Set of Books'. How can you reconcile
the above two statements?
- 1 Answers
- 5764 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / loren
Accounting set of books is just simply the same as the set
of books with an expanded use for system and orderly
reporting purposes. Set of books or Ledger have the
following configuration:
1. chart of accounts
2. calendar
3. currency
if all of your companies is the same set use as above, you
can share one set of books, meaning you can commonly use the
1 set up of set of books, but any one of above is diff. you
have to create another set of books. Whereas accounting
book is commonly terminology in accounting while we are the
class room during college days. But if you will ask for the
definition of it, the meaning and content is the same as set
of books.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
What is the Invoicing System in Oracle R12
What is difference between primary and secondary ledger
How to support projects life cycles details?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What do you mean by controlling buyers workload?
How to do the analysis of discounts lost and fixing the root cause?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
encumbrence set ups?
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
can any one tell me what exactly functional consultant do on daily basis? client requirements?
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
What is Difference between Auto Copy Journal and recurring journal?
explain your project plan with exam pal? i am preparing inter view .............
