Académique Documents
Professionnel Documents
Culture Documents
What is Budgeting?
How does it help to management in taking the decisions?
Asked by: krishnahr13
Contingent Liability
Why are contingent liabilities ever recordedwhy not just wait until a lawsuit is settled? What accounting concepts apply to this situation?
What is the difference between cash basis and accrual basis Balance Sheet?
Asked by: karen_p_montilla
View Question
Procedures of Elimination
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities? What are the procedures of elimination during consolidation of financial statements?
Asked by: juliabyers
MIS reports
required MIS reports for business feasibility study - (format with total revenue and expense )
Asked by: ssk176
FIRC Accounting
How FIRC accounting is done?What is the status of prepaid insurance accounting?
Asked by: pradeepkumarvashistha
View Question
Compliance Procedures
What procedures are in place to ensure that a sponsored project is carried out in compliance with the terms, conditions and financial management and reporting requirements of both the municipality and
Asked by: bukelwa
PAYABLES
Departmental Accounting
Distinguish between allocation and Apportionments of Expenses
Asked by: Japhee Joseph
View Question
What is a IFA?
Asked by: johnmathew986
Coding License Agreements, service contacts and maintenance contracts to a GL? Which is the best way
Coding License Agreements, service contacts and maintenance contracts to a GL? Which is the best way to code these types of expenses?
Asked by: Jacquie
What is a NAFCO?
Asked by: johnmathew986
What procedure for excess payment to supplier i would like know without adjusting invoice that means
What procedure for excess payment to supplier i would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps
Asked by: bmahathma
View Question
View Question
Invoice discrepancy
How do you resolve a Invoice discrepancy that you discover
Asked by: candiehuston
View Question
Invoice payment
What items of information do you need before you can approve an invoice for payment?
Asked by: candiehuston
View Question
3 Way Matching
What is 3 Way Matching?
AP Process
What is the most criticality part or process for AP?What is delegation of authority in term of AP process?
Asked by: rattan_76
View Question
What is a GAMI?
Asked by: johnmathew986
What is WAC?
Asked by: SANKAR.P
Is it possible to make a payment without invoice or due in SAP, If yes how it possible, If no how
Asked by: Srihari
Invoice on hold
What do you mean by invoice on hold?
Asked by: nuruddins
View Question
Pass a JV
How to pass a JV when we receive bill including service tax? How to close this a/c?
Asked by: sonichinu
View Question
Factored Invoice
What is a factored invoice?
Asked by: soubh2000
View Question
TDS
If you have TDS exemption for Last Year and bill also for last year but booking happen in current year then what is the TDS Effect?
Asked by: krish197
Bank Reconciliation
What are the entries that get generated in Bank reconciliation both check and wire banks ?
Asked by: gauravcanada2003
What is the Debit Balance recovery? How we can recover if we wont have any future transactions from
What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?
Asked by: Ragavan
WIRE
What is the full form of the trem WIRE in wire payment ? Expalin the process for making and receiving the payment through WIRE?
Asked by: Sanju40148
What is another name for a real account in accounting? is it a permanent account or a temporary account?
What is another name for a real account in accounting? is it a permanent account or a temporary account? Also, what is another name for a nominal account? is it a permanent account or a temporary account?
Asked by: Jennifer
SysAudit
What is the sysaudit?
Asked by: rajesh.t
What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding payments
What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding payments what is the procedure?
Asked by: sudhakerkkk
In implimenting a project, what are the records we have to upload from non SAP system to SAP system
In implimenting a project, what are the records we have to upload from non SAP system to SAP system particularly pertaining to accounts department
How do you answer this question "what is company code". 2) Is it necessary to create Sundry
How do you answer this question "what is company code". 2) Is it necessary to create Sundry creditors a/c while we use Vendor a/c in SAP?
Asked by: vikram
Which area of accounting are you strongest? Which area of accounting would you like to improve?
Tolerance Limit
What is a tolerance limit with respect to invoice processing?
Asked by: nuruddins
Purchase orders
What are some common question asked about purchase orders?
Asked by: lmceachin
P-Card
What is a P-Card? What are its advantages?
Asked by: nuruddins
Read answer (1
Matching Invoices
What are the different ways of matching invoices?
Asked by: nuruddins
Non-PO Invoice
What is a Non-PO Invoice?
Asked by: nuruddins
EFT
Read answers (2
MALA
What is MALA? How it is useful in accounts payable?
Asked by: tulasi reddy
Trial Balance
If Any amount showing negative figure on the credit side of the trial balance then what does it mean?
Debtors Reconciliation
What are the tools used in Debtors Reconciliation?
Asked by: vishakanu
View Question
Debit Recovery
How to recover an accounts payable with debit balance?
Asked by: quellie
View Question
RTGS
What is meant by RTGS?
Asked by: gkrama
Trail Balance
breif idea of trail balance ?
Asked by: akki.jagani
Accruals Entries
If there is oustanding payments, we have to pass accural enteries. So what are the enteries for accurals?
Asked by: shanid
Price Variation
What do you mean by price variation in Purchase Invoice?
Asked by: Pushpika
Accrual Entry
What is an Accrual entry?
Asked by: manikanthan
Delivery Note
Quick Book
What is a Quick Book? What details does it contain?
Asked by: manurao.mba
View Question
Which are the main MIS Reports of an accounts department & what the format of preparing the MIS ?
Asked by: Ms.Sheela R.Nair
What happens if A/P on a cash basis shows a huge amount. Shouldn't be zero?
Asked by: Karen
After raising GR then raise invoice for partial quantity. eg raised GR for 1000 quantity and raised
After raising GR then raise invoice for partial quantity. eg raised GR for 1000 quantity and raised invoiced for 500 quantity. Now if u want to reverse the GR, u have to reverse the Invoice also. If the payment done for the invoice, u cant reverse it. So how can we handle in this situation.
Asked by: Mallikarjun E.K.
Read answers (2
STPI
What is STPI ? why STPI knowledge required in Accounts Payable ?
Asked by: humtum
Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.
Asked by: Interview Candidate
diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another
diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another name for a real account in accounting? is it a permanent account or a temporary account?...4. what is the payrollsystem5. what is consolidation6. 1) developed interface program for invoice upload from external system after validation and error handling...7. What is difference between automatic
Payments Batches and automatic payments8. After raising GR then raise invoice for partial quantity. eg raised
Asked by: rajesh
Q-point
What is Q-point?
Asked by: r2k009
View Question
Invoice discrepancy
Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy
Asked by: Alley
Debenture
what is the difference between debenture and preference share
Asked by: knkishore404
View Question
What items of information do you need before you can approve an invoice for payment
View Question
Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy
Asked by: digamber
View Question
What do you mean my Aging dates and How do you calculate aging dates
Asked by: N.RAMESH
What steps would you take before approving an invoice for payment?
Asked by: Interview Candidate
How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For
How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For example:Item to be procured= AQuantity to be procured= 10Unit Rate= 100Inward freight cost for 10 quantity (known at the time of raising PO )= Rs. 1000Handling Charges= Rs. 500Input Tax = @ 10% (on base price)
Asked by: venkat
What is consolidation
Asked by: neelimakulkarni
1) developed interface program for invoice upload from external system after validationand error handling
1) developed interface program for invoice upload from external system after validationand error handling by using staging tables for payables open interface import program
Asked by: md.faizuddin
View Question
What is navigation
Asked by: madhu
View Question
What is the basic datamodel of ar,ap,gl?Where should i get the information?can iget it in pdfs?What
What is the basic datamodel of ar,ap,gl?Where should i get the information?can iget it in pdfs?What is the use of databse diagrams in TRMS?What are the cycles of GL,Ap,AR?What are the setups of GL,AP,AR?
Asked by: radhika
View Question
RECEIVABLES
How is a journal entry recorded?
Asked by: janelyn
Credit Management
What do you mean by Credit Management under AR in Professional field?
Asked by: animeshhappy
View Question
Cash Applications
What are the steps involved in Cash Application & When is Cash Application comes into picture?
Asked by: animeshhappy
View Question
What is reconciliation?
Asked by: venkata r vanaparthi
When you are doing analysis of your accounts, what actually you should look for?
Asked by: daizy_biswas
View Question
View Question
Explain importance of COGS (Cost of Goods Sold) account and accounting entries in Order Management?
Asked by: Mohammedbabar
View Question
Collections Experience
To what extent were you involved in collections?
Asked by: Interview Candidate
What is Reconciliation ?
Asked by: ahsan.nazia
Read answers (4
Effective Collection
What is effective collection?
Asked by: ashok
Dunning Letter
I ran the program "Dunning Letter Generate" and the log file says that the concurrent request ran successfully. However there was no output file created.I have that customer setup for "Send
Asked by: vinittople
View Question
nominal,personal,real
Asked by: sumedh
After Receiving Payment from Customer, What is next step till finalization?
Asked by: Shibingeorge
What is BRS ?
Asked by: akki.jagani
What is the table that is used for aging bucket report,what is the main purpose of this report?
Asked by: pasupuleti
Read answer
What is factoring?
Asked by: nancyphilips
You've been asked to prepare a bill for services. What information should be included in the bill?
You've been asked to prepare a bill for services. What information should be included in the bill?
Asked by: Interview Candidate
Is there a report to search for invoices by Payment Term and Due Dates?
Is there a report to search for invoices by Payment Term and Due Dates?Any insights/alternative resolutions would be helpful.Thanks,Vinit
Asked by: vinittople
View Question
When deferred Payments are usually accepted on partial orders that are?
Asked by: Chassie Langley
View Question
View Question
Read answer (1
View Question
we are expecting one project of Infrastructure Creation Company. Their nature of business is to create infrastructure. Presently they are constructing a road for 49 Kms. They construct and maintain the
Asked by: venkat
View Question
View Question
View Question
View Question
What is the Auto Invoice? What are the setup Steps for Auto Invoice?
Asked by: jootesh
Closing AR Periods
1. How we are going to close AR Periods?2. Where we are going to use Accounting Rules what are the setups for that?3. Know we are having 100 Transactions in AR. Know we want to close 50 Transactions How?
Asked by: SATEESH
View Question
Can we claim Depreciation on second hand purchased Asset? If yes, whether it is fixed or floating?
Asked by: naveenbharathraj
Which is the effective way of carrying out a stock check and usage at a lodge?
Asked by: Prear
What is the difference between an internal audit and the annual external audit?
Asked by: nancyphilips
Every firms has audit firms to audit their accounts but who will audit an auditing firm?
Asked by: suresh b poojar
View Question
View Question
View Question
What should the Internal Auditor do where his independence is being interfered with?
Asked by: jusmwa
View Question
What is the purpose of audit committe inside a firm & its role with external auditors?
Asked by: dosha
View Question
View Question
What the procedures or process involved in the preparation for the audit?
Asked by: GregMark
View Question
GL
What is the difference between ledger and general ledger
Asked by: ferozbm
How to exceed the funding budget amount limit in the actual journal?
Asked by: sangeetha
View Question
Clarification of Entry.
We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we give entry to accounts ?
Asked by: deepakkumarcs
What is the Difference between Single Entry system & Double entry system?
Asked by: chethana
View Question
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities?
Asked by: parasuram
Suspense Account
Hi Friends,I have a problem with suspense account. I been working for some organization and they have been getting this suspense account error since 2003. But its a big organization and they didn't
Asked by: kv040
View Question
View Question
What are the importent tables in peoplesoft finance modules AP,AR,AM,GL and po
Asked by: Sai
Journal Entry
Every increase in expenditure & assets will be a debit, every decrease in expenditure & assets will be a credit - Put a journal entry and show a puchase transaction.
Asked by: pramod.anavatti
Sub Ledger
If your Accounts receivable balance in the general ledger has a debit balance of $110 and your sub ledger has a debit balance of $100 what do you have to do
Asked by: kapriceb
SAP Special GL
What is special GL in SAP? If it is reconciliation a/c for customer then each customer has two GL A/Cs, one normal & other special GL
Asked by: asg00324
Salary Computation
Explain Salary Computation. How to file the salary returns?
Asked by: pramod9844
What is the difference between direct expenses and indirect expensesWhat is the difference in direct
What is the difference between direct expenses and indirect expensesWhat is the difference in direct income and indirect income. Explain with example.
Asked by: pankaj
What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense
What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense account with no supporting documentations, what is the financial statement impact?
Asked by: Patrice
What's your expereiences with cash flow statement? How is a cash flow statement generated?
Asked by: jeffli975
What is an account assignment model & where is it used? What are the transaction codes for Account Assignment
What is an account assignment model & where is it used? What are the transaction codes for Account Assignment Model?
Asked by: Debojit Dey
R12 release
HiI have created Legal Entity from Accounting Setup manager>>Accounting setups and linked with SLAs. But i can not view the same LE from Inventory >setup>organizations>findwhy?Can any one help will be
Asked by: krselvaraj
View Question
What is the procedure for creation of Retained earnings account in different COA?
Asked by: Madhavi
What is consolidation
Asked by: gkrishna
Which items belong in balancesheet statement and do not appear in income statement?
Asked by: Johnny
How do you label a Reconcilitaion spreadsheet for a customer that is billed monthly in advance?
Asked by: iRIS
What is your Future Plans for the Company if Permanently Employed?What three Specific Job Positions
What is your Future Plans for the Company if Permanently Employed?What three Specific Job Positions do you target from the COMPANY?
Asked by: Joyce
View Question
View Question
Should the Cash Discounts GL hit the Balance Sheet as per US accounting concept? If yes, then why and
Should the Cash Discounts GL hit the Balance Sheet as per US accounting concept? If yes, then why and if No, then why? Please explain the entry flow and also how you would clear the open item lying the Cash discounts GL and what would be your analyses for the open line item?
Asked by: johnmathew986
What is an accrual ?
A provision of costs.
Asked by: Jennifer
View Question
How do you record retained earnings when you sold company (assets only), for closing of books that sold?
How do you record retained earnings when you sold company (assets only), for closing of books that sold?
Asked by: tina sterling
After completing Sob, how it is assigned to organisation , how legal entities are then made and then
After completing Sob, how it is assigned to organisation , how legal entities are then made and then how operating units are connected.
Asked by: aamirashfaq
View Question
Which of the following is not included in the government accounting Balance Sheet: 1) Asset, 2) Cost,
Which of the following is not included in the government accounting Balance Sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.
Asked by: cc
View Question
View Question
1. what you mean by Business unit, Legal entity, operating unit, Business Group.2. Can u tell me the
1. what you mean by Business unit, Legal entity, operating unit, Business Group.2. Can u tell me the Setup's for Auto Invoice and Multi-org.3. what u mean by Parent and child relation ships and when we are using the same?
Asked by: jootesh
View Question
Tell me about adjustments for saving a/c of branches and Head Office ?
year closing of banking software which General ledger balance carried forward and which is closed. and tell me adjustment about the saving a/c of branches and Head Office for year ending operation
Asked by: SNEHADEEP JAIN
View Question
How to implement multi org and how to define additional buisness groups
Asked by: devidas_s
View Question
ASSETS MANAGEMENT
Which depreciation is superior WDV or SLM and Why?
Asked by: huzefabhori
Expense as Asset
How to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or it's
Asked by: m_adel87
Idle Assets
If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and keep
Asked by: Shuggy4321
View Question
View Question
Depreciation Rate
What are the changes caused by changes made on depreciation rate on the opening balance of the current financial transaction?
Asked by: kikky
View Question
Why do we calculate loans & advance on the asset side of the balance sheet?
Asked by: mrforever
Expense as Asset
How to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or it's
Asked by: m_adel87
Idle Assets
If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and keep
Asked by: Shuggy4321
View Question
View Question
Depreciation Rate
What are the changes caused by changes made on depreciation rate on the opening balance of the current financial transaction?
Asked by: kikky
View Question
Why do we calculate loans & advance on the asset side of the balance sheet?
Asked by: mrforever
View Question
1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee
1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee salary deductions under section of the income tax act of india?
Asked by: CHANDRA SEKHAR
After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation
After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset
Asked by: bmahathma
PAYROLL
Provident Fund Payment
What are the rates (Percentages) paid as Employer's Share of PF in A/C No.1, A/C No.10 & A/C NO.21
Asked by: rvengatesh
What are the general deductions made while doing payroll for an employee in an organization?
Asked by: norman
Wage Revision
What is the minimum period to revise the Basic Salary of Employees?
Asked by: siva_rkr
What report are provided to accounting dept. from payroll every month? What reports are generate at
What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?
Asked by: Ye
Gratutity Calculation
If Gratuity Calculation :Gratuity=Last Basic Pay*15 Days* Number of Year ServiceA person works for 41 year & 6 months in a company.Calculate the Number of the service year
Asked by: vinod.sativada
What is accrued-tax?
View Question
Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?
Asked by: Interview Candidate
What is Retropay?
Asked by: Jayaprakash.M
View Question
View Question
What is the difference between Paper accounting and Computer accounting in payroll?
Asked by: scott
View Question
View Question
What is Workflow?
Is this just flow charting a process? or is it something particular?