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GL Faqs
GL Faqs
6. What is the significance of status column, accounting column and Reference column?
A) Status Column Symbolizes the Journal entry in the table as either New/Update.
Accounting Date Represents the date using which the corresponding period in the
General Ledger is identified and accounting is applied.
Reference Columns Represents additional/optional information pertaining to the
batch/Journal Entrys belonging to sub-ledger modules such as AP & AR.
(REF.COLUMNS 1-10 -> Store Batch and Journal Entry names and description,)
(REF.COLUMNS 21-30-> Store information pertaining to sub-ledger modules. These Cols
are also populated as Ref. Cols 1-10 in GL_ IMPORT_REFERENCES,GL_JE_LINES.)
8. What is Encumbrance?
A) It is a process of Reservation of funds for anticipated expenditure from a budget.
Encumbrance integrates GL, Purchasing and Payables modules.
14. What are the Base Tables and Interface Tables for Journal Import?
Interface Tables:
Base Tables:
GL_INTERFACE, GL_BUDGET_INTERFACE
17. What are Spot Rate, Corporate Rate, Transaction Calendar and Accounting Calendar?
Spot Rate: An exchange rate which you enter to perform conversion based on the rate on a
specific date. It applies to the immediate delivery of currency.
Corporate Rate: An Exchange rate that we define to standardize rates for our company. This
rate is the standard market rate determined by the senior financial management for use
through out the organization.
User Rate: Conversion rate that is defined by the user.
EMU Fixed Rate: An exchange rate that is provided automatically by the General Ledger
while entering journals. It uses a foreign currency that has a fixed relationship with the euro.
Transaction Calendar: Defines the business days and holidays for any calendar.
Accounting Calendar: Defines different types of calendars namely Fiscal, Federal Fiscal,
Month etc.
18. What are Segment Qualifiers?
Segment qualifiers hold extra information about individual segments such as if the account is
an Asset, Liability or Expense, if you can post to the account and more.
When we define a segment value in the Segment Values window, we must also assign
qualifiers which determine the account type (asset, liability, or expense), whether budgeting is
allowed, whether posting is allowed and other information specific to the segment value.
Allow Budgeting, Allow Posting, Account Type, Control Account, Reconciliation Flag.
19. What are Flex Field Qualifiers?
A) They determine the hierarchy of the segments with in a flex field structure. They are of four
different types, Balancing Segment Qualifier, Natural Accounting segment Qualifier, Cost
Center Segment Qualifier, Inter Company Segment Qualifier.
20. What is MRC (Multiple Reporting Currency)?
Multiple Reporting Currency is a feature used to maintain transactions and account balances
in multiple currencies. MRC is implemented at the transaction level where as Currency
Translation is implemented in the Account Balances level. MRC in functionality replaces the
usage of DUAL Currency and Translation processes in Oracle GL module.