If you're looking for Oracle Financials India Localization Interview Questions for Experienced or Freshers, you are at the right place. There are lot of opportunities from many reputed companies in the world. According to research, Oracle Financials India Localization has a market share of about 2.6%. So, You still have the opportunity to move ahead in your career as an Oracle Financial Functional Consultant. Mindmajix offers Advanced Oracle Financials India Localization Interview Questions 2023 that helps you in cracking your interview & acquire a dream career as Oracle Financials Developer.
You can opt for setting up the supplier's additional information screen for the new supplier. After the completion of setup, you can choose for running the Run Supplier Merge. On the other hand, if you do not perform the tasks as mentioned above, the Supplier Merge Report would end with an error.
The Workflow engine usually generates the notifications related to India Localization and moreover, the India localization summaries of taxes do not show up on the notification screen. You can view the Purchase Order with a decent Tax Amount command run.
The square bracket represents it.
The structure of KFF in the areas of accounting is as follows:
3. Future Use
5. Cost Center
There exist a maximum number of 30 sectors in AFF. On the other hand, the minimum number of divisions is two present in AFF.
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It is vital to note that the flexfield qualifiers are used to identify the segments. Here is the list of flexfield qualifiers that can be useful in Oracle Financial India implementation.
1. Segment Qualifier related to Natural Account
2. Segment Qualifier pertaining to Intercompany
3. Segment Qualifier related to Cost Center
4. Segment Qualifier pertaining to Balancing
Here is the list of KFF present in the following areas. It comprises of module KFF, AP with no KFF, GL Accounting KFF, territory flexfield and AR-Sales tax Location FF.
Flex Field is used to capture information of the organization's financial performance. There are two types of flexfields that are present in an organization's economic prospects. One is KFF, and the other one is DFF.
DFF is being utilized to capture additional information and is being stored in the attribute column. On the other hand, KFF is a unique identifier that is stored in the could relate to a segment.
With the help of Dynamic Insertions, you can facilitate the creation of code combinations at the runtime.
The set of books is a financial report entity which comprises of three C. The tables are in the form of currency, calendar, and chart of accounts. The set of books are usually stored in
GL_PERIOD_STATUES GL_SETS_OF_BOOKS GL_INTERFACE GL_PERIOD_STATUES GL_BALANCES GL_JE_BATCHES GL_JE_LINES GL_JE_HEADERS
It is important to note that the supplier information is usually found in the following tables.
PO_VENDOR_CONTACTS PO_VENDORS PO_VENDOR_SITES_ALL
is for inventory organization, and the
is for the operating unit.
There are several functionalities in the applications related to Oracle which would allow you to audit the permissions that are granted to the access users so that they can access various forms. One can also select a different user id from the friend user permission tab.
You can facilitate that by selecting created from the vendor sites of all vendors related to servers. Optionally, one can play with the user and the responsibility tables to view who has permission to access all the responsibilities.
One needs to implement on the PO user and the other kind of responsibilities that have access to the form to enter the list of vendors. On the other hand, it is important to note that if a user does not have access to the responsibility and liability tab of the server so that they can list down the name of the vendors, one cannot enter or validate the signature of the vendors using the login function.
Quite interestingly, one should also note that the PO vendors are situated at a generic level, and the pro vendor sites are always situated at an org id level. They are usually separated by the columns that would allow the individuals to update the data.
In the system of Architecture related to Oracle Financial, the asset numbers are generated automatically one by one. However, times, it skips the sequence at many times. You can cite an example in this context. Let's say we have closed a period with an asset number that is assigned a number of 329. It usually denotes that one has missed asset numbers 327 and 329.
Quite interestingly, a majority of times, this thing can take place even without the proper closure of a period. Now the question arises how to fix this problematic working process. One needs to check the distribution table history table to witness that if there are any missing gaps and then you can trace it to the area where the assets are created. You can do it in PA areas or FA areas too.
It is vital to note that in Oracle Financial Architecture, there may arise various situations where one needs to have a more definite mindset about the differences between entries related to journals and customers. For instance, there may be a situation where a receipt is made, and the operator has changed it to AR (1070). And it has debited to a value which is apart from a specified amount. Moreover, the balance of the customer is usually increased to depict that the customer owes money.
However, the entries related to the journal for 1070 is still at 0. On the other hand, one should also assume that the data list inputs for the client have to stay at the same value. Hence, in this situation, the user should have proper knowledge not to repeat this type of fault. However, one should always take into account the fact that the values have expired from the period and frame and hence the receipt is useless to the customer. Moreover, there are various categories of faulty database omissions.
The situation that is mentioned above is the factors why one should not opt for altering the receipts to bring a new change. Quite interestingly, this thing can take place in the situation when the JE is changed as it is transferable to GL.
By opting for altering the said receipts, you can put obvious difficulties out of the synchronization process. Furthermore, you need to set the journal source for receivables in order so that the command which has been upgraded is not enabled correctly. You can instead use CM and DM functionalities so that you can adjust and create the new receipts.
You need to facilitate the creation of a new set of database in Oracle Finance. Moreover, the program related to the financial architecture can also be changed as per the requirements of the organization. With the advent of economic data on a regular scale, it has become imperative for the potential agencies to take into account the strata of customer relationship management properly.
You may also be asked that whether you can copy the volume of data and program. You may also be asked how to make a new installation in the GL module. However, always be clear that to make a new series of a database, you need to install the program related to Oracle Finance on the same server.
Moreover, you would also need to create a new instance. Quite interestingly, you can create the original example on the same machine.
The configuration related to the creation of excise receipt generation of number is as follows:
1. Creating order types with headers and lines
2. Creating a bond register to free up the cache space on the server
3. Creating a transaction type related to the receipts
4. Creating a transaction type for the source in revenue
These are the following steps that are associated with number generation related to invoices and receipts.
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1. Categories related to taxes
2. Categories related to items
3. Classification pertaining to the topics
5. Types related to classification
6. Class concerning receipts
7. Registration-related to the tax regime
8. Calendar related to charges
9. Additional information related to customer
10. Other information pertaining to the tax authority
11. Information related to customer
Bond Register is the calculation of ED and various updates that are connected to it and are usually based on the setup that is manufactured in the bond register that lies in the defined category. Before opting to make this configuration, you need to make sure that you set the transaction sources and the order types. Quite interestingly, the transactions related to excise are classified into the following divisions:
The following could be the reasons behind the absence of an invoice number in an excise parcel.
1. Absence of the additional information related to the customer
2. Registration about the bond
3. Sub-inventory related to relationships
4. Other information related to the organization
5. Inappropriate data or misleading information as found on receipts
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