control account

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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karthik
Posts: 32
Joined: Mon May 21, 2007 1:58 am
Location: India

control account

Post by karthik »

Hi,

Can anyone explain me wat is meant by control account is segment qualifiers?
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cnubandi
Posts: 101
Joined: Thu Jan 04, 2007 2:06 am
Location: India
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Post by cnubandi »

Hai,

Control Accounts are GL accounts accessed from payables,Receivables,and Inventory.The control account segment qualifier lets you indicate which account segment values represents control accounts.

Regards,
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surya_prabha
Posts: 18
Joined: Thu Jul 19, 2007 1:07 am
Location: India

Post by surya_prabha »

Hi

Control Account is a Segment Qualifier and it is used for reconcillation purpose.

The control Account in Payables is "Liability"
The Control Account in Receivables is "Revenue" and "Receivables"
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k.khan
Posts: 177
Joined: Thu Apr 12, 2007 2:54 am
Location: Pakistan

Post by k.khan »

hi
when you enter a new account in the value field..it asks you for
1-allow budgeting..
2-allow posting...and then there is
3-control account
4-reconcilation flag
what is the usage and purpose of both(3 and 4) these
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