Oracle General Ledger (GL) Question:
Download Questions PDF

What are the setup steps for AP, AR, and GL?

Answer:

For GL:
1. Set of Books(Chart of Accounts)
2.Calander
3.Currency

For AP:
1.Suppliers(Creditors)
2.Invoice
3.Look up codes
4.Selection of Set of Books
5.Payment Terms
6.Financial & Payable Option
7.Define Banks

For AR:
1.Flexifiled
2System option
3.Payment Terms
4.Open period
5.Auto Accounting
6.Transcation Type
7.Transcation Source

Download Oracle GL Interview Questions And Answers PDF

Previous QuestionNext Question
How do we integrate AP or AR to GL?I am confused about inter company journal balancing.

As far as I can tell, it does one or both of:

1) If you enable it you can post incorrect (i.e. imbalanced) journals. And if you disable it you ca not (i.e. all journals must balance - A GOOD THING, RIGHT)?