11/24/23, 4:14 PM Oracle Applications: Oracle General Recurring Journals, Revaluation, Mass Allocation, Tax journals & CVR

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WEDNESDAY, FEBRUARY 29, 2012

Oracle General Recurring Journals, Revaluation, Mass Allocation, Tax journals & CVR

1.Why my cross validation rules not working?

· The desired combination may be already used.

· The combination entered manually in account combination.
· If you uncheck the cross validate segments in key flex field segment form.
· If we uncheck enable check box at define cross validation rule.

2.List any six-validation reports of calendar.

The following periods have a date gap.

The following periods overlap.
· The following periods number are greater then the maximum period number for this period.
· The following periods number are missing.
· The following periods number are not in sequential order by date.
· The following quarters are missing.
· The following quarters are not in sequential order by period.
· The following periods start or end rates are more than one year before or after its fiscal year.

3.Briefly explain the steps for Mass Allocation.

Allocation of account balance to the range of segment values for specific period.
Steps for mass allocation.
· Define parent Segment and assign child ranges.
(N): Setup/Financial/Flex fields/Validation
· Enter stat journals.
· Define mass allocation Formula. (N): Journal/Define/Allocation
· Validate the formula.
· Generate Mass Allocation.
· Post the entry.

Q4.Difference between Translation & Revaluation

Translation Revaluation
Translation is done from functional Revaluation is done to know the actual
currency to Reporting currency. balance on specific date with respect the
prevailing foreign exchange rate of a
particular account.
In translation Period end rate & Average In Revaluation Only Period end rate is
rates are used. used.
Translation is Optional. Revaluation is mandatory.
Difference in Translation will be Difference in Revaluation will be
transferred to “Translation adjustment transferred to “Unrealized Gain/loss
account”. account”.
Translation should satisfy the conditions, No Condition is required for revaluation.
namely, 1. Prior & following period should
be opened; 2. It cannot perform for the first
period

5.How do I enable Cross Validation?

Check the Cross validate Segments and Check the Freeze flexfield defination and compile in Key Flexfield segments.

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11/24/23, 4:14 PM Oracle Applications: Oracle General Recurring Journals, Revaluation, Mass Allocation, Tax journals & CVR

6.Can you define cross validation rules for a set of books?

No, Cross validation rules are specific to chart of account.

7.Can you run revaluation again in a previous period?

Yes, we can run revaluation again in a previous period. But the revaluation will effect the transaction, which are entered after the First revaluation.

8. On what basis auto post criteria set will be created.

On the basis of Priority, Source, Category, Balance type & Period the auto post criteria set will be created.

9.Briefely explain the purpose of Revaluation.

Revaluation is done to know the actual balance on specific date with respect the prevailing foreign exchange rate of a particular account.

10. Is it possible to do Translation for more than one segment at a time?

Yes. In translation you having the option “All” under balancing segment TAB by selecting it we can do the translation for more than one segment.

11. Can you generate Recurring journal more than once in one period?

Yes, recurring journal means Journal, which are repetitive in nature. In a particular period a journal may be expected for more than once .So we can gene
Recurring Journal more than once in one period.

12.What are the steps for revaluation?

Steps for Revaluation:

· Define the daily rate using the conversion rate and type.
· Define the period end rate.
· Define unrealized gain /loss account
· Perform Revaluation for the particular account.

13. Can you allocate part of your cost pool account by using Mass Allocation? If yes, how will you define formula?

Yes, by entering desired amount in the amount column of cost pool A/c. or by entering base number in the amount column of sum of usage factor.

14 What are the available segment types in mass allocation?

Three segment types are available in mass allocation.

Constant (C), Looping (L), Summing (S)

15.Explain the concept of recurring journals.

Recurring journals means journals, which are repetitive nature in a year. On the basis of amount recurring journals are three types.
· Skeleton journal
· Standard journal
· Formula journal

Skeleton journal means journals have same account but have different posting amounts.

Standard journals means journal entries use the same accounts and amounts in each period.

Formula journal means journal entries use formulas to create journal amounts that vary from period to period.

16.Do you think Translation and Revaluation are mutually exclusive?

Yes, The translation and revaluation independent with each other, there is no relation between translation and Revaluation. We can have both in a single
of book.

17.Can I use stat journal of previous period for mass allocation.

Yes, you can use stat journal of previous period by Using amount type as PTD and period type as previous period in mass allocation or by using amount typ
YTD and period type is current period you can use the stat journal for the entire year.

18.What is the difference between full and incremental allocation.

Full Allocation Incremental Allocation

Full allocation method to generate
journals that reverse previous allocations
or to post new allocation amounts.
Recommend that you use this method only
if you are allocating amounts for the first
Incremental allocation method when you
want to update allocated balances without
reversing the previous allocation batches.
Recommend that you do not use the
incremental method the first time you

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time, or only once. generate a Misallocation entry.

19.Is there any difference between definition of period rates and historical rates?

Period rate Historical rate

The daily exchange rate on the last day of an
accounting period
In translation period end rate is used to
translate the assets and liability account
balances.
A weighted-average rate for transactions
that occur at different times
Historical rates to translate owner's equity
accounts

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