Contents

1. What are the two offerings which are predefine in financials implementation..................................5
2. How does the setup data import and export happens ?.....................................................................5
3. Can the data be moved from one project phase to another ?.............................................................6
4. Give an example for reference data sharing........................................................................................6
5. What is a legislative data group ?........................................................................................................6
6. What are roles needed to access information within fusion functional setup manager.....................6
7. What is the difference in chart of account structure and chart account structure instance ?.............6
8. How many maximum segments can be created in COA ?...................................................................6
9. What are control accounts?................................................................................................................6
10. What is a balance cube?..................................................................................................................7
11. When is a balance cube created?....................................................................................................7
12. Which process updates the balances in balance cube?...................................................................7
13. What is a ledgerset?........................................................................................................................7
14. How many types of reports can be run by financial reporting center?............................................7
15. What is a procurement business unit?............................................................................................8
16. What is requisitioning business unit?..............................................................................................8
17. Which business unit is supplier sites are associated?......................................................................8
18. Can I use Rapid Implementation to add new values at a later point?..............................................8
19. Can I change accounting calendar period frequency or adjusting frequency on re-upload?...........8
20. How many version does a tree have?..............................................................................................8
21. Can chart of accounts have multiple account hierarchies and what is the purpose?......................9
22. There are different validation types of a value set..........................................................................9
23. Format only validation type?...........................................................................................................9
24. Security can be enabled for value set..............................................................................................9
25. Minimum and maximum value can be set for a particular value set.............................................10
26. Prior to values of a valueset, Zero’s can be filled...........................................................................10
27. What are the list of options for third party control accounts-GL accounts?..................................10
28. Why reconciliation of clearing account should be done?..............................................................11
29. How to Set Up Clearing Accounts Reconciliation?.........................................................................11
30. What is the purpose of financial category in values set values?....................................................11
31. We can disable particular segment from the COA structure at any point?...................................12
32. Can we change the name of the prompt for the segments?.........................................................12
33. Where is the Value set code is attached to each segment mandatorily?......................................12
34. What is the difference in chart of account structure and chart account structure instance ?.......13
35. What is the difference between accounting sequence and reporting sequence?.........................13
36. Reporting sequence numbering is not assigned to the journal, what could be the reason?.........13
37. How can I restrict the display of a particular segment in the COA structure?...............................13
38. I want a particular value set to not be BI enabled,how can be done?...........................................14
39. Where can I attach tree hierarchy for a particular segment?........................................................15
40. Are sub ledger transaction rules are governed by BU?..................................................................15
41. What is the purpose of shorthand aliases?....................................................................................15
42. Are sub ledger accounting rules are dependent on BU ?...............................................................16
43. What is a shared service environment?.........................................................................................16
44. What is a primary balancing segment ?.........................................................................................16
45. How many BSV’s oracle fusion supports ?.....................................................................................16
46. What are Interdependent Value Sets?...........................................................................................16
47. What is Table Validation type in value sets?..................................................................................17
48. In which case can security be assigned to value sets?...................................................................17
Journals.....................................................................................................................................................17
49. Unable to reverse a journal manually............................................................................................17
50. What is the difference between save and complete in a journal entry?.......................................17
51. Can we have control total at batch level and journal level for that particular batch?...................18
52. Line level description can be given in the spreadsheet for a journal.............................................18
53. What are the parameters to create auto post criteria set?...........................................................19
54. What are the parameters available for journal reversal?..............................................................19
55. Which task will help us to define DFF in GL?.................................................................................20
Account combinations...............................................................................................................................20
56. What is the purpose of preserve attributes option in account combinations as per above
screenshot?...............................................................................................................................................20
57. How Account Combinations Import Data Is Processed?................................................................21
Account type corrections...........................................................................................................................21
GL Rapid implementation..........................................................................................................................22
58. How to load only values of COA into fusion?.................................................................................22
59. Which template is used to load segment values and hierarchies in Fusion?.................................22
FBDI templates..........................................................................................................................................22
60. How to load supplier bank accounts through a FBDI template?....................................................22
Payables....................................................................................................................................................23
61. Where will you define payment approvals?..................................................................................23
Manage Disbursement System Options....................................................................................................23
62. Which date will system consider as accounting date for an invoice?...........................................23
63. Can we have different accounting dates for different line items in an invoice?............................23
64. Can I change the accounting date of the invoice lines once invoice has been validated?.............23
65. Can I cancel an invoice once it is validated?..................................................................................23
66. Do you need to do accounting for a cancelled invoice?.................................................................23
67. If the invoice date is 13/06/23,there are three lines with different accounting dates-in which
period will the invoice gets accounted?....................................................................................................23
68. I want to change the GL account for a particular line after posting to general ledger has been
completed, can I do this?..........................................................................................................................23
69. What happens in the case of OVERRIDE ACCOUNT functionality?................................................24
70. Where can we setup to default invoice currency?.........................................................................24
71. What are different line types available in an invoice?...................................................................25
72. In which cases I can reverse an invoice distribution line?..............................................................26
73. Can you cancel an invoice line after validating the invoice?..........................................................27
74. Which line types you can allocate to other lines?..........................................................................27
75. Can we enter description for each line?........................................................................................27
Reporting questions..................................................................................................................................28
76. How many report types does a FRC contain?................................................................................28
77. From where can we access any type of report?............................................................................28
78. What are account groups?.............................................................................................................28
79. What is Sunburst visualization tool?..............................................................................................28
80. What is the difference between account monitor and account inspector?...................................28
Receivables................................................................................................................................................28
81. What are the mandatory parameters to create a receivables invoice?.........................................28
82. Can we create a receivables invoice in currency other than ledger currency?..............................29
83. Can we select customer account number in a receivables invoice?..............................................29
84. When can and how can you delete a receivables transaction?.....................................................29
85. I have enabled the options 1) - Allow change to printed transactions & 2) - Allow transaction
deletion and deleted few transactions, but now I don’t want to disable the transaction deletion
functionality, can I do at any point of time?..............................................................................................30
86. From where does the receipt class and receipt method gets picked up from the system?...........30
87. From where does the bank account gets picked up to get the funds deposited received through
the receipt?...............................................................................................................................................30
88. How to check if the receipt source is automatic or manual?.........................................................31
89. Can we limit the working of transaction source to one particular legal entity?............................31
90. From where can we control the manual and automatic type of transactions?.............................31
91. From where can we control the numbering of transactions?........................................................31
92. We need a dedicated transaction source to each particular business unit, how can we do?........32
93. The client wants to maintain document sequence of transactions even though the transactions
are deleted, how this can be achieved?....................................................................................................33
94. What is the difference between credit memo and an invoice adjustment?..................................33
95. How do you identify a standard receipt and a Misc. receipt?........................................................33
1. What are the two offerings which are predefine in financials implementation

1-oracle fusion financials offerings

2-oracle fusion financials accounting hub(FAH)

2. How does the setup data import and export happens ?

Setup data can be exported from the source instance and imported into another instance by
creating a Configuration Package using Oracle Fusion Functional Setup Manager.
 3. Can the data be moved from one project phase to another ?
As the project moves through multiple phases, such as test, quality, and production, the data
can automatically be exported from one instance to another.

Reference data set

4. Give an example for reference data sharing

Example: An organization has several business units and each business unit has a set of payment
terms that can be applied on a customer invoice. Instead of each business unit creating and
maintaining multiple sets of the same payment terms, you can define the payment terms
reference data at the organization level and stripe that data into partitions (create reference
data sets) so that the different payment terms can be assigned to each business unit.

5. What is a legislative data group ?

The Legislative Data Group is set up in HCM and is a country-specific data partition within an
enterprise.

6. What are roles needed to access information within fusion functional setup manager
Application implementation manager
Application implementation consultant.

7. What is the difference in chart of account structure and chart account structure instance ?

Chart of Accounts Structure Instance: Inherits by default all the attributes of the chart of accounts
structure, meaning that all instances of the same structure share a common shape and have the same
segments in the same order.

However, at the chart of accounts instance level, you can override the default value set assignments for
your segments and assign a unique account hierarchy that determines the parent and child relationships
between the value set values.

8. How many maximum segments can be created in COA ?

Create up to 30 segments with a maximum of 25 characters per segment. Best practices recommend 5
to 9 segments.

9. What are control accounts?

Control accounts ensure only specific data is posted from an approved journal source.
Control Accounts prevent users from entering data from unauthorized sources.
Manual data entry to control accounts can be prevented.

Customer: Only journals from subledger accounting for receivables are permitted.
 Supplier: Only journals from subledger accounting for payables are permitted.
 Restrict Manual Journals: No GL manual journals are permitted to use this account.
 Yes: No manual journals from GL or SLA are permitted against this account.
No: Not a control account.

10. What is a balance cube?

Stores your financial balances in a multidimensional model to enable high-speed, interactive financial
reporting and analysis.

11. When is a balance cube created?

A new standard balances cube is created when an accounting configuration is submitted for a primary or
secondary ledger that uses to a new unique combination of chart of accounts and calendar.

12. Which process updates the balances in balance cube?

The General Ledger Posting process updates your balances and stores these balances in a balances cube
for efficient multidimensional analysis.

13. What is a ledgerset?

Ledger Sets enable you to group multiple ledgers that share the same chart of accounts and calendar
combination to increase the efficiency of your period close, security administration, and reporting.
What is account inspector?

Drill down to underlying journals and subledger transactions with the Account Inspector.

14. How many types of reports can be run by financial reporting center?
7 types

Financial Reports: These reports are built off of the Oracle Financial Reporting Studio using data in the
Oracle Fusion General Ledger balances cube.

Account groups are used to monitor key accounts in General Ledger.

The Sunburst visualization tool lets you interact with your account balances across various business
dimensions to view balances from different perspectives.
Smart View Reports: Smart View is a multidimensional pivot analysis tool combined with full Excel
functionality.
Smart View enables you to interactively analyze your balances and define reports using a familiar
spreadsheet environment.
Oracle Transactional Business Intelligence Analyses: These analyses and reports are built off of
transactional tables using subject areas. These reports can be run by users in General Ledger, Payables,
Receivables, Cash Management, Intercompany.
Oracle Transactional Business Intelligence Dashboards: Dashboards put all the information, functions,
and actions that a business user must have to do their job in one place.
Oracle Business Intelligence Publisher Reports: Most of these reports are predefined and must first be
submitted and resubmitted to see the latest data by the Oracle Enterprise Scheduler through the
Scheduled Processes navigation.

15. What is a procurement business unit?

A business unit with the Procurement business function.

Manages, owns, and is responsible for purchasing transactions.

16. What is requisitioning business unit?

A business unit with the Requisitioning business function.

 Manages and owns requisitioning transactions.

17. Which business unit is supplier sites are associated?

Are associated with a procurement business unit.

18. Can I use Rapid Implementation to add new values at a later point?

Rapid Implementation is meant for one-time quick setup. We do not support updates from Rapid
Implementation. Hence you need to manually add values.

19. Can I change accounting calendar period frequency or adjusting frequency on re-upload?

No. Once created the calendar definition cannot be changed.

20. How many version does a tree have?

A tree by default has only one version. At any point, only one tree version must be active.
 21. Can chart of accounts have multiple account hierarchies and what is the purpose?
Chart of accounts values can be associated with multiple hierarchies by defining multiple trees. Using
multiple trees enable create financial reports for different target audiences. For example, you can use
different hierarchies to track cost centers either by geography or line of business.

22. There are different validation types of a value set

23. Format only validation type?

You can use the format only validation type to enter any value as long as it meets your specified
formatting rules. For example, if the value set permits only numbers, you can enter the value 456 for a
value set with a maximum length of three or more, but not the value ABC.

24. Security can be enabled for value set

25. Minimum and maximum value can be set for a particular value set

26. Prior to values of a valueset, Zero’s can be filled

27. What are the list of options for third party control accounts-GL accounts?
Customer Control Account - only journal postings sourced from Accounts Receivable can be posted to
this nominal.

No - either this is not a control account or you want to allow any type of journal to be posted to this
account.

Restrict GL Manual Journals - journals with a source of Manual which are those entered directly into
General Ledger will not be allowed. This provides more flexibility in that any Subledger can post to this
account.

Supplier Control Account - only allow journal postings sourced from Accounts Payable can be posted to
this nominal.

Third Party Control Account - only allow journal postings sourced from Accounts Receivable or Payables
can be posted to this nominal.

28. Why reconciliation of clearing account should be done?

When there are lots of entries work in the business which are done by large number of accounts
assistants, clearing account is open for holding accounting information relating to business transaction.
After personal review of accountant clearing account's record is transfer to general ledger accounts. So,
clearing account is temporary account for recording for further proper record of transactions. For
example, we are obtaining cash from lots of our customers. So, we will debit cash account and credit
clearing account and then after review, clearing account will debit and account receivable account will
credit. So, by this way, there will be nil balance in clearing account. But sometime, it may have some
amount. So, we have to find the reasons behind this through reconciliation of clearing account.

29. How to Set Up Clearing Accounts Reconciliation?

1. On the Specify Ledger Options page by selecting the Enable reconciliation option.
2. On the Manage Values page, set the Reconcile attribute to Yes for each of the reconcilable
clearing account values in the natural account segment.

30. What is the purpose of financial category in values set values?

Group assigned to a Natural Account segment value. Used for reporting with Oracle Transactional
Business Intelligence. A list of accepted values is defined in the FINANCIAL_CATEGORY lookup type
 31. We can disable particular segment from the COA structure at any point?

32. Can we change the name of the prompt for the segments?

Yes

33. Where is the Value set code is attached to each segment mandatorily?
 34. What is the difference in chart of account structure and chart account structure instance ?

Chart of Account instance gives us flexibility to design our Accounting hierarchy multiple time with same
COA Structure. For example we are implementing Chart of account for a big MNC. They have business
operation in different country and so they have country specific financial reporting requirement for each
country.

We can use the same structure and create multiple structure instance for different countries. That
means we can create one to many relationship between COA Structure and COA Structure instance.

35. What is the difference between accounting sequence and reporting sequence?
Accounting Sequences: Gapless sequence numbering for journals which is assigned when the journals
are posted or subledger accounting runs.

Reporting Sequences: Gapless and chronological sequence numbering which is assigned to journals
when the General Ledger period is closed. Once a period is closed, the close period program fires a
"Create Reporting Sequences‟ program as a shoot off. This program assigns reporting sequences to
journals. This sequence is used by most of the legal reports required in some countries as the main
sorting criterion to display the journal entries. Reporting sequence is optional.

36. Reporting sequence numbering is not assigned to the journal, what could be the reason?

All the previous periods should be closed for the system to display the reporting sequence numbering
Ex:if the starting period is April-22 and present period is Dec-22,in order to see the reporting sequence
numbering for the journals of Dec-22 ,then we have to close all the periods prior to Dec-22 mandatority

37. How can I restrict the display of a particular segment in the COA structure?

At COA instance level

38. I want a particular value set to not be BI enabled,how can be done?
 39. Where can I attach tree hierarchy for a particular segment?
-At coa instance level

What information is available in Manage Primary ledger task?

40. Are sub ledger transaction rules are governed by BU?

Yes

41. What is the purpose of shorthand aliases?

You can enter account segment values faster and easier by using account shorthand aliases during entry
of journals and other accounting transactions.
In the Manage Shorthand Aliases page in Functional Setup Manager, select your chart of accounts
structure instance and click the Search button to view existing aliases. Click the Add (+) icon to add new
aliases.

42. Are sub ledger accounting rules are dependent on BU ?

No

43. What is a shared service environment?

Processes that allow one company to perform services for others, with appropriate
intercompany accounting.

44. What is a primary balancing segment ?

A Primary Balancing Segment is a segment of the chart of account that forces balancing,
meaning that the Ledger will calculate a receivable and payable between primary balancing
segments for any entry that crosses them.

45. How many BSV’s oracle fusion supports ?

Oracle Fusion General Ledger supports the use of up to three balancing segments.

46. What are Interdependent Value Sets?

Use a dependent value set to limit the list of values for a given segment based on the value that the user
has defined for a related independent segment.

For example, you could define an independent value set of the states in the USA with values such as CA,
NY, and so on. Then you define a dependent value set of cities in the USA with values such as San
Francisco and Los Angeles that are valid for the independent value CA. Similarly, New York City and
Albany are valid for the independent value NY. In the UI, only the valid cities can be selected for a given
state.

47. What is Table Validation type in value sets?

Typically, you use a table-validated set when the values you want to use are already maintained in an
application table, such as a table of supplier names.

48. In which case can security be assigned to value sets?

In the case of independent and dependent values, you can specify that data security be applied to the
values in segments that use a value set. Based on the roles provisioned to users, data security policies
determine which values of the flexfield segment users can view or modify.

Journals

49. Unable to reverse a journal manually

We should select the reversal period and save the journal entry only after which the reverse option will
be enabled to do the reversal

When you give only the batch name, system will automatically give name to the journal as below

50. What is the difference between save and complete in a journal entry?
-Save to create the journal entry, Complete the journal to submit it for posting
51. Can we have control total at batch level and journal level for that particular batch?

52. Line level description can be given in the spreadsheet for a journal
We can create a single journal and also multiple batches with multiple journals in each batch

53. What are the parameters to create auto post criteria set?

Task-Manage auto post criteria set

54. What are the parameters available for journal reversal?

Task->Manage journal reversal criteria set

 55. Which task will help us to define DFF in GL?
Task->Manage General Ledger Descriptive Flexfields

Account combinations
Account combinations cannot be deleted, but only end dated

Account combinations can be enabled from any certain date

We can use alternative combination in place of a particular account combination if it has been disabled

We can create account combination via spreadsheet

56. What is the purpose of preserve attributes option in account combinations as per above
screenshot?
For example, you enable a cost center segment value that had been previously disabled. Then you run
the Inherit Segment Value Attributes process from the Scheduled Processes page to automatically re-
enable all account combinations containing that cost center.

Use the Segment Value Inheritance Execution Report to view the account combinations that were
changed. You can prevent selected account combinations from being affected by selecting the Preserve
Attributes option on the Manage Account Combinations page.

57. How Account Combinations Import Data Is Processed?

1) Click the Generate CSV File button on the instructions tab to create a CSV file in a .zip file format.
2) Load Interface File for Import process (For the Import Process parameter, select Import Account
Combinations)
3) Navigate to the Scheduled Processes work area.
4) Select the Import Account Combinations process

Account type corrections

Account type corrections within the income statement group or within the balance sheet group don't
affect the retained earnings calculation or beginning balances across accounting years.

The following table lists the specific account type corrections that can be made without requiring
manual journal entries as part of the correction process.

Account type corrections that cross from the income statement group to the balance sheet group, or
from the balance sheet group to the income statement group, can affect the retained earnings
calculation and beginning year balances if the corrections cross accounting years.
GL Rapid implementation

58. How to load only values of COA into fusion?

A. Manually enter the values which are needed for retained earnings account combination for
specify ledger options task in the system
B. Complete “Specify ledger options”
C. Create primary ledger
D. Complete review and submit accounting configuration
E. Prepare the fbdi file and generate CSV file (filling of account hierarchy is not mandatory in this
file) [Link]
[Link]
F. Go to Tools->File import and export->upload the file generated in step E
G. Go to schedule processes->load interface file for import->select the file uploaded in step F
H. Run “Import segment values and hierarchies”
I. Review the chart of account values uploaded

59. Which template is used to load segment values and hierarchies in Fusion?
[Link]

FBDI templates

60. How to load supplier bank accounts through a FBDI template?

-Below file contains the rules to be followed for loading
Payables

61. Where will you define payment approvals?

Manage Disbursement System Options

62. Which date will system consider as accounting date for an invoice?
System will consider the date at the line level as accounting date and that particular invoice will
reflect in the period of that accounting date

63. Can we have different accounting dates for different line items in an invoice?
We can have

64. Can I change the accounting date of the invoice lines once invoice has been validated?
You cannot do

65. Can I cancel an invoice once it is validated?

You can cancel

66. Do you need to do accounting for a cancelled invoice?

Yes we have to do

67. If the invoice date is 13/06/23,there are three lines with different accounting dates-in which
period will the invoice gets accounted?
The three lines will separately reflect in three respective periods depending on the accounting dates

68. I want to change the GL account for a particular line after posting to general ledger has been
completed, can I do this?
We can do this by OVERRIDE ACCOUNT functionality seen in the accounting screen of the invoice
 69. What happens in the case of OVERRIDE ACCOUNT functionality?
If we want to change the account of the line which is in debit balance, then that particular account
will change to credit balance and the new account will be shown in the debit line

70. Where can we setup to default invoice currency?

Manage invoice options

Invoice group
71. What are different line types available in an invoice?

72. In which cases I can reverse an invoice distribution line?

 Not Matched to a purchase order or receipt

 Not A corrected or correcting line
 Not A tax line
 Not An item line that has tax calculated
 Not An item line that has charge allocations
 73. Can you cancel an invoice line after validating the invoice?
You can cancel

74. Which line types you can allocate to other lines?

Freight and miscellaneous

75. Can we enter description for each line?

Possible
Reporting questions

76. How many report types does a FRC contain?

The Financial Reporting Center seven types of reports

1. Financial Reporting Web Studio Reports

2. Account Groups and Sunburst
3. Smart View Reports
4. Oracle Transactional Business Intelligence Analyses
5. Oracle Transactional Business Intelligence Dashboards
6. Oracle Analytics Publisher Reports
7. Business Intelligence Mobile Apps

77. From where can we access any type of report?

Financial Reporting Center

78. What are account groups?

Account groups are used to monitor key accounts in General Ledger.

79. What is Sunburst visualization tool?

The Sunburst visualization tool lets you interact with your account balances across various
business dimensions to view balances from different perspectives.

80. What is the difference between account monitor and account inspector?
Account Monitor to efficiently monitor and track key account balances in real time.
Account inspector- Perform ad hoc queries from account groups and financial reports through drill
down to underlying journals and subledger transactions.
Receivables

81. What are the mandatory parameters to create a receivables invoice?

82. Can we create a receivables invoice in currency other than ledger currency?

83. Can we select different customer account number’s in a receivables invoice?

 84. When can and how can you delete a receivables transaction?
We have to enable 1) - Allow change to printed transactions
2) - Allow transaction deletion

You have to incomplete the transaction. You can delete a transaction ,if it is not posted to GL.

85. I have enabled the options 1) - Allow change to printed transactions & 2) - Allow transaction
deletion and deleted few transactions, but now I don’t want to disable the transaction deletion
functionality, can I do at any point of time?

We can revert by disabling the above options.

86. From where does the receipt class and receipt method gets picked up from the system?

87. From where does the bank account gets picked up to get the funds deposited received
through the receipt?
 88. How to check if the receipt source is automatic or manual?
Manage receipt sources task

89. Can we limit the working of transaction source to one particular legal entity?

90. From where can we control the manual and automatic type of transactions?

91. From where can we control the numbering of transactions?

 92. We need a dedicated transaction source to each particular business unit, how can we do?

We have to define a new reference data set for each BU and assign the same in the Manage business
set assignments task
 93. The client wants to maintain document sequence of transactions even though the
transactions are deleted, how this can be achieved?
We need to Copy document number to transaction number-System options

94. What is the difference between credit memo and an invoice adjustment?

A credit memo is a piece of paper sellers use to credit customers for goods or services they have
bought.
An invoice credit is an adjustment made to an existing invoice to reduce the amount due from the
customer

95. Client wants to enter transaction in XCD but want to receive receipts in other currency, is it
possible?

Both transaction and receipt should be in same currency.

96. My ledger currency is XCD but I want to create a transaction in EUR and receive the receipt in
EUR, can this be achieved?

Can be achieved
 97. How do you identify a standard receipt and a Misc. receipt?
No customer is tagged for a misc. receipt we cannot add a customer even in future to a misc. receipt.
 98. Client needs separate transaction numbering for invoice and credit memos?
Creating separate transaction source for invoice and credit memo and selecting the same while
creating invoice/credit memo.

AP/AR Netting

Primary condition for netting: System should have payables invoice without being paid and also
receivables transactions without being receipts applied on them, then only system performs netting
process between them

99. Can I exclude a particular transaction from netting?

 100. Can netting be done between different legal entities?

The Netting feature enables the automatic netting of Oracle Payables and Oracle Receivables
transactions within a Legal Entity.

101. Who executes Netting process for the legal entity level?

the Netting Manager executes the Netting process for the legal entity level.

102. What is the duty role for netting?

Assign the Netting Duty Role ‘Customer and Supplier Balance Netting’ to only those users who will
create Netting Agreements and Netting Settlements.

103. When can we delete a netting settlement?

It is also possible to ‘Delete’ a settlement after the settlement has been reviewed or modified. As soon
as a settlement has been settled, you cannot delete it

104. How many ways we can create netting agreements?

There are two ways how you can create Netting Agreements :

1. Create manually through the ‘Manage Netting Agreements’ task

2. Import agreements that have been defined in a spreadsheet

105. Do netting agreements be set for a specific period?

Settlements can only be created for agreements provided the date of the settlement is within the ‘Start
Date’ and ‘End Date’ range.

106. What are netting balance rule options?

Select the ‘Netting Balance Rule’. The rule determines the conditions when to net. If you want to restrict

the netting to only take place when the balance of payables invoices is greater than the balance of

receivables transactions, then choose :

o ‘Net when Payables is greater than Receivables’. Otherwise, select

o ‘Net Always’
 107. What is the purpose of ‘Allow early settlement discount’ in netting?

Check the ‘Allow early settlement discount’ checkbox if you want to ensure that eligible discounts are

applied to the amounts

108. Can you net transactions with different currencies?

If you want to settle for invoices and transactions for a particular currency (e.g. GBP), then you can set
the netting currency rule to ‘Use Single Currency if you have invoices in transactions for multiple
currencies, you can select ‘Net within each currency’. For example if you have GBP and EUR
invoices/transactions that you want to net, a settlement will be created for each currency (one for GBP
and another for EUR).

109. What are the payables transaction types available for netting?

 Standard (added by default)

 Credit Memo

 Debit Memo

110. Can we add additional invoice types for netting in oracle?

Payables Invoice types are seeded by Oracle and cannot be changed or added to

111. Can we net multiple supplier and customer sites?

Multiple supplier and customer names can be joined together to represent the third party relationship
for netting, system will select only those transactions which are due as on the date of running netting.
 112. Can we communicate the netting details with the third party?

The Letters tab allows you to configure how you want the Netting Letter to be distributed to your third
party. The letter is a confirmation to the third party that the invoices have been netted, listing all the
invoices and transactions that were included in the netting amount.

Can I do netting basing on paygroups?

Can we do netting on the basis of payables invoice type?

Can we do netting on the basis of receivables transaction type?
I have my ledger currency in XCD but I want to do netting for foreign currency transactions also, is It
possible?

I have my ledger in XCD currency, system has payables invoices for Supplier A in USD and also
receivables transactions of Customer B in USD, system also has payables invoices for Supplier A in XCD
and also receivables transactions of Customer B in XCD ,while performing the netting which transactions
will the system select and how many netting settlements will be created by the system?

Note:System will select only those transactions which are due as on the date of running netting.

In this case, if we run the settlement with netting rule as ‘Net within each currency’-i.e, for transactions
other than ledger currency, then the system will create two netting settlement batches,i.e one batch
including only the USD transactions for Supplier A and Customer B ,another batch with XCD transactions
between the same supplier and customer combination.

Receivables transaction in USD

Payables transaction in USD

After netting the output is as below

Functional setup manager

Who Uses the Functional Setup Manager

All users must be assigned the Functional Setups User

(RA_ASM_FUNCTIONAL_SETUPS_USER_ABSTRACT) role so that they have access to the basic
functionality of Functional Setup Manager.

Setup Data Export and Import

Two distinct methods are available for migrating setup data:

• Export and import an entire offering or any of its functional areas. In this method, setup data of the
business objects associated with the offering or the selected functional area is migrated.

• Export and import an implementation project. In this method, setup data of the business objects
associated with the implementation project is migrated.