Oracle Apps ERP R12

 (For Accounts Payable (AP), Accounts Receivable (AR), General Ledger (GL), Fixed Assets (FA), and Cash Management (CM) ) 1. General Questions Q1: What is Oracle Financials in EBS? A: Oracle Financials is a suite of applications in Oracle EBS that includes modules like GL, AP, AR, FA, and CM , helping organizations manage financial transactions, reporting, and compliance. Q2: What are the key modules in Oracle Financials? A: General Ledger (GL): Manages accounting journals and financial reports. Accounts Payable (AP): Manages supplier invoices and payments. Accounts Receivable (AR): Handles customer invoices and receipts. Fixed Assets (FA): Tracks company assets and depreciation. Cash Management (CM): Manages bank reconciliations and cash flow. Q3: How does Oracle Financials integrate with other modules? A: AP integrates with PO and GL (Invoice creation, payment processing). AR integrates with OM and GL (Customer billing, receipt processing). FA integrates with AP and GL (...

  1. Basic Questions Q1: What is Oracle Accounts Payable? A: Oracle Accounts Payable (AP) is a subledger module in Oracle EBS that manages supplier invoices, payments, and liabilities. It integrates with General Ledger (GL), Purchasing (PO), and Cash Management (CE). Q2: What are the different types of invoices in Oracle Payables? A: Standard Invoice – Normal supplier invoice Credit Memo – Reduces the invoice amount Debit Memo – Increases liability to the supplier Prepayment – Advance payments to suppliers Expense Report – Employee reimbursements Mixed Invoice – Combination of debit and credit Q3: What is a Payables Open Interface? A: The Payables Open Interface (AP Interface) allows users to import invoices from external sources into Oracle Payables using the AP_INVOICES_INTERFACE and AP_INVOICE_LINES_INTERFACE tables. 2. Intermediate Questions Q4: What is the difference between Hold and Prepayment in AP? A: Hold: Prevents invoice payment due to validation failures (e....

Setting up Accounts Payable (AP) in Oracle E-Business Suite (EBS) involves configuring various components to manage supplier invoices, payments, and financial transactions efficiently. Below is a step-by-step guide on setting up Accounts Payable (AP) in Oracle EBS : 1. Define System Options Navigate to: Payables Manager → Setup → Options → Payables Options Configure: Invoice and Payment processing options Default currency , calendar , and accounting periods Tolerance levels for matching invoices to purchase orders (POs) 2. Define Financials Options Navigate to: Payables Manager → Setup → Options → Financials Options Configure: Set up legal entity and operating unit Define liability accounts , prepayment accounts , and other financial controls 3. Define Payment Terms Navigate to: Payables Manager → Setup → Invoice → Payment Terms Examples of payment terms: Net 30 (Payment due in 30 days) 2/10 Net 30 (2% discount if paid within 10 days, otherwise due in 30 days) 4. Define Supplier ...