What is meant by quotation and quotation analysis? Question Question Submitted By :: Nagesh I also faced this Question!!

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Answer #1

Re: What is meant by quotation and quotation analysis? quotation = is a 1 Kranthioracle

statement consisting of current price of the commodity which the supplier will be sending to the organisation, when we place RFQ quotation analysis = after getting the quotation from different suppliers we select the best quotation , the process of selecting the best is know as quotation analysis.
Is This Answer Correct ?

11 Yes 0 No

Re: as an oracle financials functional consultant what was your role Answer oracle 2 Padma #1 financials

functional consultant's role would be to understand the

customer requirement ( need ) and implement his requirement into actual oracle tool. It requires financials knowledge and the implementation knowledge or experience and understanding the client requirement throughly. The client requirement has to reflect when project is implemented and it should give desired output or result after implementation . Also it would continue with constanct support whenever client faces difficulty in production environment or process flow.

Is This Answer Correct ?

22 2 No Yes

Re: Is it possible to change the accounting period during the financial year? For eg change it from 12 to 13 months ? Answer Yes. Accounting Period # 1 can be changed from 12

to 13. It is done only when you have adjusting entries at the end of the financial year. In 13th Month of Financial Year. period Start date and end date both will be 31st Dec & 31st Dec.
Re: Client's requirement is that first invoice would be a proforma invoice. Second invoice would be Tax invoice. Presently, we are unable to use this approach of payment? Answer When we receive the Pro# 1 forma Invoice we will

process for Gross amount ( with out considering Tax) and we will pay to the supplier,after receive the TAX invoice for the Proforma invoie we will process the Dummy Credit for the Proforma invoice and we will process normal Tax invoice with tax, after that both invoices payment method change to wire and we will close

the manually for our account purpose. If the invoice processed based on Purchase Order. 1. Proforma invoie we will process with Gross amount fully with out tax. 2. when we process the Tax invoice we will process Dummy Credit with the PO ( in this case total PO amount will go back ) 3. after processing DC we will process normal TAX invoce and match with net value for the PO.
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Re: What Transactions are captured in Oparating unit level and What at Inventory org level ? Answer OU level: 0 # 1 1) AR & AP

R K Jain

invoices 2) PO 3) Sales Order Inventory Level: 1) Material Transactoins 2) Receiving Transactions

Is This Answer Correct ?

1 Yes 0 No

Re: Can any one tell What is implementation in oracle Applications Answer Enterprise 0 # 1 Resource Planning

Venkat

systems (ERPs) integrate (or attempt to integrate) all data and processes of an organization into a unified system. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules. We implement oracle application Ebusiness suit to automate the process.
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4 Yes 0 No

Re: How to Raise an invoice other than functional currency in AR

Answer simple, # 1 First define

Bvrp

exchange rates,then in transaction window enter the currency which is not functional.
Is This Answer Correct ?

4 Yes 0 No

Re: whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM. Answer documents 0 # 1 prepared by

Aravindreddy

the functional consultant 1.RD 20:Business requirements gathering. 2.MD 50:Module design 3.BR 30:Mapping document 4.TE 40:Test cases 5.BR100:Set up document
Is This Answer Correct ?

4 Yes 0 No

Re: What is the difference between Quick addition and detail addition? Answer QuickAdditions 0 #1

Latha Ummalaneni

process to quickly enter ordinary assets when you must enter them manually. You can enter minimal information in the QuickAdditions window, and the remaining asset information defaults from the asset category, book, and the date placed in service. Use the Detail Additions process to manually add complex assets which the QuickAdditions process does not handle.Run the depreciation program independently for each of your depreciation books. The depreciation program

calculates depreciation expense and adjustments, and updates the accumulated depreciation and year-todate depreciation
Is This Answer Correct ?

1 Yes 1 No

Re: How to transfer funds between your internal banks? Answer use Bank Account 0 # 1 Transfer

Shankar Ganesh C T

functionality in Cash Management module to transfer funds. (Intra-Company balancing rules are mandatory) in PL setup.
Is This Answer Correct ?

5 Yes 0 No

Re: What is meant by accrual write off? Answer Writing of Accruals # 1 which are not 0 Raghuka

matched to particular PO or Receipts, we run a accrual write of Report and select

all the Payable invoices that are not related to any PO and also duplicted invoices and reverse these entries. Tha happens when PO Module is not implemented.
Is This Answer Correct ?

6 Yes 2 No

Re: Define Requition? Answer requisition is a doc #1 where the purchasing 0 G S N Murthy

is iniciated
Is This Answer Correct ?

3 Yes

0 No

Re: how data is transferred from interface table to base table ? Answer For example if you want to # 2 upload the data from

ap_supplier_site_int interface table to its base table, Run the standard interface program called Supplier sites open interface import. which will upload the Data. All the validations for duplicates checking should be done in the staging table level..As no validation can

be done from in to base table. Thanks, Dinesh.

Re: What is the Mondatory profile options used in Multi Org ? Answer Five profile options are # 1 mondatory

1. 2. 3. 4. 5.

HR: Security Profile MO: Security Profile GL Set of books name MO: Operating Unit HR: User type

this are mondatory profile options thanx mst

Re: If purchasing the goods from supplier, (Client or Vendor) want to pay directly by cash then what is the scenario in Accounts Payable, b'coz there is an only three types of payment are available i.e. 1. Electronic, 2. wire, and 3. cheque, in this case what we need, and is the journal entry will get and how it effect in GL Accounts ? to do Answer Use cash as bank in Ap 0 # 1 to pay that invoice...

Isra

For payment method we have to check that whether there is option available for defining a new payment method.. Accounting entries will remain same as in case of payments through bank account. Just Bank Natural Account will be replaced with the Cash

Natural Account while defining the New Cash Bank and Cash Account.
Is This Answer Correct ?

0 Yes

2 No

Re: How do we depreciate Assets in Oracle Applications? Answer Run the depreciation 0 # 1 program independently

Latha Ummalaneni

for each of your depreciation books. The depreciation program calculates depreciation expense and adjustments, and updates the accumulated depreciation and year-to-date depreciation Depreciation>run depreciation.
Is This Answer Correct ?

2 Yes

0 No

Re: Can somebody provide me the various or atleast most frequent issues a support consultant deal with? Answer It all depends on the nature of # 1 the project that u handel

in support. Some Issues are: 1) Holds on AP Invoices

2) 3) 4) 5) 6)

Partiall Acounted Invoices Partial accounted Payments Unaccounted Invoices Reporting Issues Month end closing issues

Re: In R12 What are the PO types in Purchasing and Invoices in AP? Answer PO Types are Standard 0 # 1 PO/ Blanket PO/ Planned

Giridhar

PO & Contract purchase Invoices: Standard / Mixed / PO Price Adjustments/ Credit Memo/ Debit Memo/ Expense reports / Prepayment/
Is This Answer Correct ?

2 Yes

0 No

Re: How many key flexfields are there in Payables? Answer There Are NO Flex fields in # 1 AP
Is This Answer Correct ?

Mahi

8 Yes

1 No

Re: What is Interest Invoice and how it can be created? Answer In an invoice we provide for # 2 due date of payment and if

Nisha

that day passes we can provide interest on the same. It depends on the clients requirement whethere client

wants that functionality or not.It has to be defined in set up.

Is This Answer Correct ?

4 Yes

1 No

Re: What are the types of receipts? Answer Standard and Micellenious # 1 in AR.
Is This Answer Correct ?

Latha Ummalaneni

9 Yes

3 No

Re: What are the types of receipts? Answer THERE ARE THREE TYPE OF # 2 RECEIPTS in receiving 0 Sandeep K Mohapatra

i)UNORDERED Receipt ii)substitute receipt iii)Blind Receipt

Is This Answer Correct ?

8 Yes

4 No

Re: why we have to reverse the journal entries after Revaluation?is it mandatory if why? Answer Yes, it is mandatory to 0 Haresh # 1 reverse the revaluation

journals in the following month. Revaluation is done for computing the unrealised gain or loss for the month-end at the time of the preparation of the financial statements, inorder to depict a correct picture of the current assets and current liabilities. After the financial statements are generated the

revaluation journals need to be reversed as the gain is unrealised. On realisation, the gain or loss will be autoamtically computed by the system. If the revaluation journals are not reversed, then it would lead to duplication.
Is This Answer Correct ?

7 Yes

1 No

Re: What is the significance of asset books in FA? Types? Answer There are three types of asset # 1 books

1.corporate book 2.tax book 3.budget book. corporate book is maintained by the organisation and fallowed according the organisation rules. Tax book is prepared for reporting to tax authorities. BUdget book is optional.
Is This Answer Correct ?

Re: What is the formula for funds available? Answer Available Fund = ( Budget amount # 1 - Actaul amount -

Encumberances amount

Re: What is ment by depreciation override? Can we override depreciation? Answer If system has calculated a # 1 depreciation a certain amount,

but u want to change that amount,

so with the Depreciation override feature this is possible. This is generally used at the time of implementation.