GL :

What is planning budget ?

The plan for the future expenses is planning budget. It is a paper work. There is no funds
requirement. It does not require journals. There are no restrictions for estimating of funds.
It is a budget through which you cannot exercise budgetary control. But u can compare
your actual with budgets through inquiry window.
What is Consolidation in GL?
It Consolidates the Subsidiaries & Parent financial information. At a point of time we can
check the Performance of the Companies overall Performance. When we have multiple
setup and combine primary and secondary books getting the financial reports is called
consolidation We will use consolidation reports at the time of period end closing
Consolidation is the Process of combining the Financial results of different companies
typically combining subsidiary accounting information into a parent company.The main
purpose of consolidation is for reporting purpose. Consolidation is the period-end process
of combing the financials of separate subsidiary with the pay rent company to from single
,combine statement of final result consolidation is one of the reporting tool.consolidation
may map the subsidiary set of books to parent set of books, even if the set of books
values are different using segment rule,accounting rule It is the process of combining the
financial results of multiple companies into one financial statement the company may
have different sobs in different countries,so we will collect all the
financialtransactions(sob) in to one set of book ,that is parent sob then the company
easely findout all the finacial year endingresullts in their functional curency,that purpose
multiple companies are using consolidation I think consolidation can be done with two
ways that is FSG, GCS for FSG it can be done when both parent SOB and Subsidary
SOB have Currency, Calender, COA, same then we go for FSG.In Global consolidation
System currency, coa, calender are different in parent sob and subsidary sob we have to
go for GCS.I am Saikrishna actaully I am pursuing my oracle financials in hyd i just
completed one of my module GL institute.
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How to import data to General Ledger by Feeder System ?

There are three ways:

1- You can upload Journal Entries using ADI (Application Desktop Integrator)
functionality. ADI is used to interface spreadsheet uploads with Oracle applications data.
ADI allows users take advantage of many of the data-entry shortcuts of a spreadsheet,
such as copying and pasting cells, dragging and dropping ranges of cells and using
formulas to calculate journal line amounts. ADI validates the data entered against the
accounts, security rules and reference information that are defined in the General Ledger
(GL).
2- Using Journal Import, we can bring the data from the feeder system; to import the
Transactions from External Feeder Systems following are the steps-1. Populate the data
from External system to GL_Interface table (GL_INTERFACE table acts like a bridge
between the external system and the Oracle General Ledger Base tables where journals
are stored). 2. Run the Journal Import process to import the date to base tables (Errors in
Journal Import are listed in Execution Report)

3. From any sub module run individual module transfer to GL program Ex: Payables
transfer to General Ledger
After creating Journal Source how do we approve to the specific Set of Books ?
To approve journals from specific source, while creating the source Require Journal
Approval check box should be enabled. To approve all the journals that come from
different sources In the Set Of Books window under Journaling tab journal approval
should be enabled.
While creating combination of accounts what is the use of PRESERVED check
box ?
If we check preserve for a account code combination then even if you disable this
account segment value, the inherited (parent. child) segment values will not be disabled.
If it is unchecked all the related segment values will be disabled. Preserved check box
will help you to retain the original character of the General Ledger code combination,
even after u change the nature of the segments during maintenance of the GLCC.
What is the MD form 50 ?
MD50 is a Functional design document, designed by the functional consultant. After
interacting with the client, functional consultant will prepare this document. In this we

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will compare the present business process and client requirement. It is mainly used for
Application Extensions and Interface functional design.
What are the journal entries in Procure to Pay Cycle ?
When the Material Received at the GateReceiving Accrual A/C DrMaterial AP Accrual A/C Cr

When the Material delivered to The Inv Org Material

A/c Dr Purchase Price Variance A/c Dr Receiving A/c Cr
When the Invoice Is enterd into the Payable with Matching Of PO Material
Ap Accrual A/c Dr Invoice Price Variance A/c Dr AP Liability A/c Cr
Material Receipt
Receiving Accural Dr AP Accural Cr
On completion on inspection and accepting of goods
Inventory Dr Receiving Accural Cr The Above given 2 entries are in PO module
On entering Invoice in AP
AP Accural Dr Accounts Payable Cr
On Making payment
Accounts Payable Dr Cash/Bank Cr 1. On Entry of PO ________ No accounting impact
On Material
On Payment
Accounts Payable Dr Cash/Bank Cr
When we raise the Purchase Order entry
Material in transit a/c Dr To AP Accrual A/c

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