Interested to Buy Any Domain ? << Click Here >> for more details...
what is the impact if i wrongly assign the account type to an segment value in oracle apps r12?
- 1 Answers
- 2747 Views
- Dhanush Infotech, I also Faced
- E-Mail Answers
Answer Posted / tgs100
There are two groups of accounts.
1. Balance sheet accounts - Asset, Liability and Equity
2. Income Statement Accounts - Revenue and Expense
If the mis-classification is WITHIN the group i.e asset type is classified as liability or vice versa, then impact is minimal. If the mis-classification is between the groups (Ex: liability is classified as expense), then impact is high.
At the beginning of the year, the balances of all the asset and liability code combinations from the prev year are rolled forward and the balances of revenue and expenses are made to zero.
Note: Oracle prevents changing of account type for a code combination once it is used .(You can change it for the account value, not for the account code combination)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the Process of Reconciliation Between AP to GL
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
How to do the analysis of discounts lost and fixing the root cause?
What is Reporting of financial data in a project.
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
what is the meaning of purchase default and what are the types
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
Explain Customization process?
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
Payables Applications Technical Reference Manual
difference between tds and income tax (India)
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 r issues faced in gl
What is automation of accounts payable activities (evaluated receipt settlement)?
SLA usage ans how to define setups?
