1.Explain about Accounts Payable. Ans)The Accounts Payable application component records and manages accounting data for allvendors. It is also an integral part of the purchasing system: Deliveries and invoices aremanaged according to vendors. The system automatically triggers postings in response to theoperative transactions. In the same way, the system supplies the Cash Management applicationcomponent with figures from invoices […]
iExpenses is basically an extension Oracle Payables. Employee and Contingent Worker expense reports become supplier invoices and get paid from Payables. You will need following responsibilties to set up Internet Expenses: Payables Manager, Internet Expenses Setup and Administration, System Administration, Application Developer, and AX Developer. If you are also planning on charging expense reports to […]
A funds disbursement payment method is a medium by which the first party payer, or deploying company, makes a payment to a third party payee, such as a supplier. You can use a payment method to pay one or more suppliers. Oracle Payments supports several payment methods for funds disbursement, including the following: Check Electronic […]
1. What responsibility should I use when doing the set up for General Ledger? Use a seeded responsibility like ‘Oracle General Ledger Super User’. You may also need to use the System Administrator responsibility. 2. What are the pre-requisites required to define a new calendar? According to your business needs you need to decide […]
The deferred COGS of goods account is the new feature introduced in Release 12. The basic fundamental behind the enhancement is that the COGS is now directly matched to the Revenue. The same was not possible till now. Prior to this enhancement, the value of goods shipped from inventory were expensed to COGS upon ship […]
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