Average Balance Processing?

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 ).
Post Reply
innovator
Posts: 28
Joined: Thu Sep 24, 2009 1:55 pm
Location: India

Average Balance Processing?

Post by innovator »

Version R12/11i? = 11i

Hi Friends,

While defining our set of books, optionally we can define a transaction calendar and valid business days for that calendar if you plan to use AVERAGE BALANCE PROCESSING.

What is the average balance processing? Kindly give some examples...


With Regards,
Sri
stalinvstalin@gmail.com
Posts: 74
Joined: Wed Aug 26, 2009 5:24 pm
Location: India

Post by stalinvstalin@gmail.com »

Hi,

The AVERAGE BALANCE PROCESSING is mainly used by the financial instutions like banks.

Ex.ICICI bank which process savings accounts on 3 months average balnce method.

If i ma wrong please let me know.

Stalin.
tgs100
Posts: 624
Joined: Tue Jun 13, 2006 3:42 am
Location: USA
Contact:

Post by tgs100 »

You may go through an article in the oracle support id 210558.1

Cheers,
Saravanan
innovator
Posts: 28
Joined: Thu Sep 24, 2009 1:55 pm
Location: India

Post by innovator »

Thanks Mr. Saravanan.


With Regards,
Sri
Post Reply

Who is online

Users browsing this forum: Google [Bot] and 1 guest