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1. What are the types of invoices? 2. What is difference between debit memo and credit memo? 3. What is meant by with-holding tax invoice? 4. What are the mandatory setups in AP? 5. What is the difference between PO default and quick match? 6. Use of recurring invoice? 7. Steps for payment batch? 8. Purpose of Payable invoice open interface? 9. Payable open interface import? (Expense Report Import) 10. Multi Currency payments? 11. Can we implement MRC at Payables? 12. Use of Distribution set? 13. Accounting Methods? 14. Use of automatic offset method? 15. What does the Unaccounted Transaction Sweep Report do? 16. What reports should I run before closing the period? 17. What is the program to transfer data from AP to GL? 18. What is meant by void payments? 19. What are the types of journal categories available in the AP? 20. What is meant by matching and what are the types of matching¶s available? 21. Types of Prepayments? And difference between them? 22. What is a Hold and Release 23. How to approve µn¶ no. of invoices 24. What is Zero-Payment in AP 25. What is Proxima Payment Terms? 26. What are the tables associated with Invoice? 27. Which interface tables are used for Invoice Import? 28. What is 2 way, 3 way and 4 way matching? 29. What is Interest Invoice and how it can be created? 30. How many key flexfields are there in Payables? 31. Can you cancel the invoice? If yes, explain? 32. What is pay date basis? 33. What is terms date basis? 34. What is the report used to identify duplicate suppliers? 35. Difference between header level tax calculation and line level tax calculation? 36. What is meant by accrual write off? 37. Difference between quick payment and manual payment? 38. Use of Future dated payments? 39. Tell me steps for Period closing Process in AP? 40. Payable And Financial options? 41. What is meant by third party payments? 42. How to transfer funds between your internal banks? 43. Invoice Approval Process? 44. Can I find out which invoices are matched to a PO? 45. What is Intercompany Invoicing? 46. ERS Invoice means? 47. Use of Pay on receipt auto invoice? 48. What is meant by RTS transactions?
5. you might want to use automatic offset method to keep your payables transaction accounting entries balanced. Then resubmit the Payables Accounting Process to account for transactions you corrected. Transfer invoices and payments to the General Ledger and resolve any problems you see on the output report: . it takes the opposite approach with one segment being retained from the default GL account and all other segments being retained from the invoice distribution Period closing Process for Payables Period closing Process for Payables You cannot close a period in Payables if any of the following conditions exist: o Outstanding payment batches. If you use future dated payments. If we enable account as automatic offset. o Payables Accounting Process. Or move any unresolved accounting transaction exceptions to another period (optional). Run Invoice Validation Concurrent program. Submit the Payables Transfer to General Ledger process to transfer accounting entries. Submit the Payables Accounting Process to account for transactions. To complete the close process in Payables: 1. 4. Review any unaccounted transactions and correct data as necessary. This will update the status of matured future dated payments to Negotiable so you can account for them. Validate all invoices.49. or submit the Unaccounted Transaction Sweep to move any remaining unaccounted transactions from one period to another. o Submit the Unaccounted Transactions Sweep Program. o Accounted transactions that have not been transferred to general ledger.e liability account from the supplier site. Review the Unaccounted Transactions Report. o Future dated payments for which the Maturity Date is within the period but that still have a status of Issued. Confirm or cancel all incomplete payment batches. 3. Submit the Payables Accounting Process to account for all unaccounted transactions. If we enable balancing as a automatic offset. Payment Methods? Use Of Automatic Offset Method In Payable Options If you enter an invoice for expenses or asset purchases for more than one balancing segment. Confirm or cancel all incomplete payment batches. submit the Update Matured Future Dated Payment Status Program. o Unaccounted transactions. What are the steps to define a Bank? 50. Resolve all unaccounted transactions. 2. payable builds the offset GL account by taking the balancing segment value from the invoice distribution and overlaying it on to the appropriate GL account. i.
What is meant by asset revaluation? 24.o Payables Transfer to General Ledger Program. o Controlling the Status of Payables Periods.What are the depreciation methods used in FA module? 14. 6.what is internal retairment? 27.What are the different calendars used in FA Module? 10. o Posted Payment Register.What is meant by Roll back depreciation? 12. Post journal entries to the general ledger and reconcile the trial balance to the General Ledger.What is meant by retire asset? How do we retire assets in Oracle applications? 5. What are the different ways of adding assets in FA? 2. What are the various Journal Entries generated through fixed assets 6.what is the difference between initial mass copy and periodic mass copy? 26. What is the significance of asset books in FA? Types? 4. If you use Oracle Purchasing.What is meant by projection? 18.In prepare mass additions window what are available Q names? 25. accrue uninvoiced receipts.Tell me something about asset insurance? 23. 10.What experience do you have in FA Module Implementation? 28. close the period in Payables.What is meant by leased asset? 20.What do you know about FA to GL cycle? .What is the difference between Quick addition and detail addition? 17. Reconcile Payables activity for the period. If you use Oracle Assets.What is meant by depreciation override? Can we override depreciation? 21.At what level FA is implemented? 7. In the Control Payables Periods window. o Posted Invoice Register. run the Mass Additions Create Program transfer capital invoice line distributions from Oracle Payables to Oracle Assets.What is meant by prorate convention? 15.What is meant by what-if analysis? 19.What is the use of allow amortized changes check box? 16.What are the asset types in FA Module? 9. 8. 9. You will need the following reports: o Accounts Payable Trial Balance Report (this period and last period).What is the profile used to secure asset register? 8.What are the mandatory flexfields used in FA? 13. Assets Frequently Asked Questions 1. 7.Is FA Supports Multi _org? 11.What is meant by physical inventory reconciliation? 22. How do we depreciate Assets in Oracle Applications? 3.