Need help for GL , AP and CM

[Hadi_apps]

Hi,

I have learned Oracle Financials recently and I am practising Can any body help me and clear my doubts plz..

1. In GL if you are translating Functional Currency to Foreign Currency which currency amount will be shown in Trial Balance and Balance sheet?

2. In AP what accounting transaction will be populated for prepayments?

3. In Cash Management what accounting transactions are populated after AP and AR Payment & Reciepts transactions are paid and cleared?

Regards....

[suvrendubose]

Hi,

I am answering your Q.#2 (Accounting Entries of Prepayment in AP)

For prepayment to Suppliers or Employees there are two events:

Event 1: Creation of Prepayment Invoice

Accounting entry is:

Prepayment A/c. Dr.
AP Liability A/c. (Sundry Creditors A/c.) Cr.

Event 2: Payment of Prepayment Invoice (created in Event 1 above)

Accounting entry is:

AP Liability A/c. (Sundry Creditors A/c.) Dr.
Bank/Cash A/c. Cr.

Thanks
Suvrendu

[Hadi_apps]

Hi,

Thanks Suvrendu for your kind reply can any body help me for remaining 2 Questions i.e 1st and 3rd Question please.

Regards,

Hadi...

[sreeram0203]

Hi Hadi,

There will be no accounting entries will be passed in CM when u r reconcilling them in CM. they will reflect in the respective sub ledger(Ap, AR)

For AR u can see the entries in Transaction form---History.

For AP u can see in the payment window by querying the particular invoice which u have reconciled in CM..go tools-accounting

I hope i have clarified ur question

[sreeram0203]

Hadi,

The TB and B/S(FSG) will show in ur Functional currency and if u want to see the Transalated u can submit request by "Trial Balance-Transalation"

FSG will give the balances depends on how u choose the options

[Hadi_apps]

Hi Shree,

Thanks a lot for your kind response to my queries.


Regards,

Hadi.....