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` p 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)
`
Multi Currency payments?
`` Can we implement MRC at Payables?
`2 Use of Distribution set?
`3 Accounting Methods?
`4 Use of automatic offset method?
`5 What does the Unaccounted Transaction Sweep Report do?
`6 What reports should I run before closing the period?
`7 What is the program to transfer data from AP to GL?
`8 What is meant by void payments?
`9 What are the types of journal categories available in the AP?
2
What is meant by matching and what are the types of matching¶s available?
2` 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?
3
How many key flexfields are there in Payables?
3` 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?
4
Payable And Financial options?
4` 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?
 49 What are the steps to define a Bank?
5
Payment Methods?

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If you enter an invoice for expenses or asset purchases for more than one balancing segment,
you might want to use automatic offset method to keep your payables transaction accounting
entries balanced
If we enable balancing as a automatic offset, 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 e liability account from the supplier site
If we enable account as automatic offset, 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


 


 




 


 


You cannot close a period in Payables if any of the following conditions exist:
o Outstanding payment batches Confirm or cancel all incomplete payment batches
o Future dated payments for which the Maturity Date is within the period but that still have a
status of Issued
o Unaccounted transactions Submit the Payables Accounting Process to account for
transactions, or submit the Unaccounted Transaction Sweep to move any remaining
unaccounted transactions from one period to another
o Accounted transactions that have not been transferred to general ledger Submit the
Payables Transfer to General Ledger process to transfer accounting entries

To complete the close process in Payables:

` Validate all invoices
Run Invoice Validation Concurrent program
2 Confirm or cancel all incomplete payment batches

3 If you use future dated payments, submit the Update Matured Future Dated Payment Status
Program This will update the status of matured future dated payments to Negotiable so you
can account for them

4 Resolve all unaccounted transactions

Submit the Payables Accounting Process to account for all unaccounted transactions Review
the Unaccounted Transactions Report Review any unaccounted transactions and correct data
as necessary

Then resubmit the Payables Accounting Process to account for transactions you corrected Or
move any unresolved accounting transaction exceptions to another period (optional)
o Payables Accounting Process
o Submit the Unaccounted Transactions Sweep Program
5 Transfer invoices and payments to the General Ledger and resolve any problems you see
on the output report:
o Payables Transfer to General Ledger Program
6 In the Control Payables Periods window, close the period in Payables
o Controlling the Status of Payables Periods
7 Reconcile Payables activity for the period You will need the following reports:
o Accounts Payable Trial Balance Report (this period and last period)
o Posted Invoice Register
o Posted Payment Register
8 If you use Oracle Purchasing, accrue uninvoiced receipts

9 If you use Oracle Assets, run the Mass Additions Create Program transfer capital invoice
line distributions from Oracle Payables to Oracle Assets

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Post journal entries to the general ledger and reconcile the trial balance to the General
Ledger

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` What are the different ways of adding assets in FA?

2 How do we depreciate Assets in Oracle Applications?
3 What is the significance of asset books in FA? Types?
4 What is meant by retire asset? How do we retire assets in Oracle applications?
5 What are the various Journal Entries generated through fixed assets
6 At what level FA is implemented?
7 What is the profile used to secure asset register?
8 What are the asset types in FA Module?
9 What are the different calendars used in FA Module?
`
Is FA Supports Multi _org?
`` What is meant by Roll back depreciation?
`2 What are the mandatory flexfields used in FA?
`3 What are the depreciation methods used in FA module?
`4 What is meant by prorate convention?
`5 What is the use of allow amortized changes check box?
`6 What is the difference between Quick addition and detail addition?
`7 What is meant by projection?
`8 What is meant by what-if analysis?
`9 What is meant by leased asset?
2
What is meant by depreciation override? Can we override depreciation?
2` What is meant by physical inventory reconciliation?
22 Tell me something about asset insurance?
23 What is meant by asset revaluation?
24 In prepare mass additions window what are available Q names?
25 what is the difference between initial mass copy and periodic mass copy?
26 what is internal retairment?
27 What experience do you have in FA Module Implementation?
28 What do you know about FA to GL cycle?