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Financial Interview Questions

Financial Interview Questions

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Published by mahmoud_elassa

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Published by: mahmoud_elassa on Oct 03, 2009
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11/20/2012

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Financial Interview Questions
1-In Multi Org can you tell what is SHORT (Shared) ENTITY?
Business group set of books, legal entity, operating unit, and inventory
2-Can different SOBs share the same value set?
Yes you can share with different sobs why because at theTime of defining the value set on that time will valueSet name is independent on that time you can use different
Sobs with same set of book.3-
Can a Flex field Qualifies be changed after it has been created?
It can be but not recommended at all
4-Briefly list the steps for foreign currency journals?5-What type of accounts will display in list of values while entering retainedearnings account in set of books?
Only balance shit account will displayWhile entering Retained earnings accounts in set of books
6-
How can I deactivate the segment value?
you can deactivate the Segment value by select the endingPeriod for the Segment value
7-
What are the rules for translation?
Translation is used to translate an entire set of books orBalances for a company from the functional currency to aForeign currency.This feature can translate both actual and budget balances.If the system have enabled average balance processing thenThe system can translate average balances as well.Translation is frequently used to prepare financial reportsFor consolidation into global financial statements.Translation uses periodic rates and, optionally, historicalRates.8-What are the different types of Set of Books?There are two types of set of books

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