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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 the Time of defining the value set on that time will value Set 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 retained earnings account in set of books?
Only balance shit account will display While 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 ending Period for the Segment value
7-What are the rules for translation?
Translation is used to translate an entire set of books or Balances for a company from the functional currency to a Foreign currency. This feature can translate both actual and budget balances. If the system have enabled average balance processing then The system can translate average balances as well. Translation is frequently used to prepare financial reports For consolidation into global financial statements. Translation uses periodic rates and, optionally, historical Rates. 8-What are the different types of Set of Books? There are two types of set of books
1. Reporting set of book 2. Primary set of book