My Daily apps notes


AR =-

  1. -> What are the different Transaction types in AR?
    1. Invoice,
      Credit Memo,
      Debit Memo,
      Charge back,
  2. Explain the different steps in implementing Autolockbox.

Import, Validate, Post Quick Cash



  1. Question 8 What is the difference between Revaluation and Translation?  
  2. What is the meaning of Retained Earning? Where the retained earning account given?

    Answer  :
    Retained Earnings represent the undistributed profits of a company i.e. profits retained. The retained earning account is a mandatory account to be given at the time of defining Set of Books (SOB).
  3. Question 10 Can the GL period be closed when there are unposted journals in the period? What error will it give?  
    Unlike AP and AR, where period cannot be closed unless all transactions are processed; GL period can be closed even if there are unposted journals. So, it gives no error as such.x
  4. Question 11 What are the maximum number of period that can be open in GL?

    Answer There is no limit on number of periods that can be concurrently open GL; however, it is advised to keep the number of GL Open periods to minimum.  x

  5. question 13 What is the difference FSG report and D2k report?
    Answer Financial Statement Generator (FSG) is a functionality GL which can used to develop financial reports based on data in GL only (i.e. sub-ledger details cannot be displayed in the report) and FSG reports can be developed by functional users. However, to develop a D2K report knowledge of table structures and SQx
  6. Question 14 What are the various type of balances supported by GL?
    Answer Oracle GL supports three type are balances which are:
    – Actual
    – Encumbrance
    – Budget
  7. Question 15 What are the various type of accounts in GL? And at what point is the type of account identified? And explain the nature of accounts.

  8. Question 16 Explain the concepts of PTD, YTD, QTD and PJTD in GL?
    Answer All the below are various ways of calculating balances and each indicate the starting point since when the balance is calculated

    PTD – Period To date (i.e. from the start of period till date)
    YTD – Year to date
    QTD – Quater to Date
    PJTD – Project to Date (i.e. from the start of the project and it can span multiple years)

    –> What is Invoice Tolerance?

    We can define the matching and tax tolerances i.e how much to allow for variances between invoice, purchase order, receipt, and tax information during matching

  10. > Explain the set up used for Automatic or Manual Supplier Numbering.

    In the Financials Options window, you can set the Supplier Number entry option to either Autimoatic or Manual ¿ Autom

  11. What is a Payable Document?

    A medium you use to instruct your bank to disburse funds from your bank account to the bank account or site location of a supplier

  12. > What is a Hold? Explain the types of Hold.

    Payables lets you apply holds manually on an invoice, Payments etc to prevent the payment from being made or to prevent the accounting entries to be created etc. Some of the Payable holds are –> Invoice Hold, Accounts Hold, Funds Hold, Matching Hold, Variance Hold, Misc hold.

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