Ques: 1. What
is the difference between ‘Accrue On Receipt’ and ‘Accrue at Period End’?
Answer:
Accrue On Receipt means
that when a receipt is saved, accrual transactions are immediately recorded and
sent to the general ledger interface. This is also known as “online” accruals.
Accrue at Period End means that when a receipt is saved, the accrual transactions are not immediately recorded and sent to the general ledger; instead, the accounting entries are generated and sent at the end of the month by running the Receipt Accruals – Period-End Process.
All items with a destination type of either Inventory and Outside Processing are accrued on receipt. For items with a destination type of Expense, you have the option of accruing on receipt or at period end.
Oracle
Fusion Applications interview Questions and Answers
Ques: 2. How
many Key Flex Fields are there in inventory?
Answer:
Seven KFF are there in Inventory:
- Account Alias
- Item
- Item Category
- Item Catalogues
- Stock Locators
- Sales Order
- Service Items
Oracle Accounts Payables Interview Questions and Answers
Ques: 3. What is the significance of the Document Total and Account Range types on the Approval Groups form?
Answer:
The Document Total type sets
the maximum limit for any approval actions taken by the user whom the approval
group applies to. If multiple Document Totals are specified, the restriction
will be to the Document Total, which is the lowest.
The Account Range also allows for a document total which is then tied to a specific range of accounts listed on the same line. It is possible to have different account ranges with different amount Limits. This allows the same user to have a different dollar/account limit.
It is mandatory to have an account range specified in each approval group defined. By default, if there is not an account range defined, all accounts will then be excluded from the document approval process, which means that the documents will not have an ability to become approved.
Oracle ADF Interview Questions and Answers
Ques: 4. How an
requisition line with item number and without item number [one time item] be
combined to single document line in autocreate?
Answer:
If you want to combine two
requisition lines for the same item, one with an item number and one without,
you have to manually autocreate the document and use Modify on the Tools menu
to add the predefined item to the requisition line for the one time item.
Oracle Access Manager Interview Questions and Answers
Ques: 5. What
is the difference between Purchased and Purchasable Flag for an item?
Answer:
- Purchasable is a status attribute
flag, so based on this flag, certain transactions can be controlled for an
item.
- Purchased flag decides whether to
purchase and receive this item.
- Purchasable flag decides whether
to order this item in a purchase order.
- If purchasable is enabled, item
can be ordered in a purchase order, if not, new purchase orders can’t be
created and approved for the items.
- If purchased is enabled, item can
be received if already present in an approved purchase order.
Oracle Fusion HCM Interview Questions and Answers
Ques: 6. I am using encumbrance accounting and when I forward a Purchase Order for approval, I am encountering the following error: APP-14166: Please enter a forward to employee or funds are not reserved. How would you resolve it?
Answer:
You must check the Reserve
Funds check box when forwarding and/or approving a Purchase Order if you are
using encumbrance. You can check to see if you are using encumbrance in
Purchasing by doing the following:
1.
Setup/Organizations/Financial Options
2. Change the Alternate Region to Encumbrance and see if the Use PO Encumbrance
check box is checked.
3. Refer Note 1064155.6 for more details.
Oracle
Financials Interview questions and Answers
Ques: 7. What
are Reminder notifications?
Answer:
Once an approver doesn’t
respond to approval notification for quite sometime, then a reminder
notification can be sent out to the approver. You can send up to two reminders
to an approver using the Timeout feature. You can also specify that after a
certain period of time, the document be forwarded automatically to the next
approver in the hierarchy. This feature has to be setup by you by changing the
PO and/or Requisition approval workflow in Oracle Workflow Builder.
Oracle Cloud Interview Questions and Answers
Ques: 8. What
is the significance of “PO: Convert Requisition UOM to Source Document UOM”
profile option?
Answer:
Earlier in Autocreate if
the requisition UOM is different from the BPA UOM the user would not be allowed
to create a release. But in Create releases program this was possible. To make
the behavior consistent we have introduced this profile option. If this profile
is set to yes we allow the autocreation of the release with the quantity and
UOM converted to that of the BPA. If the profile is set to yes we do not allow
the creation of the req both in autocreate as well as the create releases
program.
Oracle PL/SQL Interview Questions and Answers
Ques: 9. What
are the difference in Lot and Serial?
Answer:
Lot control is to control a
whole batch of items. for example, in drug industry we have batch number which
can be controlled using lot where we can track the complete batch using
specific data.
Serial control is to monitor and track every single qty of an item like electronic devices where we track by serial number.
Oracle SQL Interview Questions and Answers
Ques: 10. What
is the difference between the agreed amount and the amount limit fields while
entering a contract purchase agreement and issues related to these fields?
Answer:
i) The agreed amount field at the header level is copied to the amount limit in the terms and conditions block. This is also the amount that is printed on the blanket agreement and represents the contract amount between you and the vendor.
ii)The amount limit field will restrict the cumulative releases applied to this purchase agreement from exceeding the specified dollar amount entered here. The value of this field must be equal to or greater than the agreed amount field. This column is used for release approval amount validation. If the total cumulative releases exceed this amount approval will fail. The purpose of this field is to allow user to set a higher approval amount limit than the amount agreed.
Oracle RDMS Interview Questions and Answers
Ques: 11. How
Warehouse Management System (WMS) is helpful compared to Inventory?
Answer:
Warehouse Management (WMS)
enables companies to maximize their utilization of labor, space and equipment
investments by coordinating and optimizing resource usage and material flows.
Specifically designed to support the needs of distribution, manufacturing,
asset-intensive, and service businesses, Oracle WMS provides a single-platform
across your entire global supply chain.
BI Publisher Interview Questions and Answers
Ques: 12. Why
is there no category displayed or list of values for the category field in the
purchase order you are creating?
Answer:
You must also create
category codes for your items. Then create a Category set for Purchasing
controlled at the master level. Assign your items to a category code and the
Purchasing category set you have created. Confirm that in Default Category Sets
the Purchasing application points to the Purchasing Category set. This will
populate the category and description when the item number is selected at the
PO line level.
Oracle 10g Interview Questions and Answers
Ques: 13. When
the charge account field is non updateable?
Answer:
In the following cases the
charge account field is not updateable:
1. If the destination type code is INVENTORY or SHOP FLOOR.
2. If the distribution is already encumbered.
3. If the PO is created from a encumbered Requisition
4. If the destination type code is Expense and
If the project is entered
and the profile option PA_ALLOW_FLEXBUILDER_OVERRIDES is set to NO. If the
expense accrual code= RECEIPT
Ques: 14. How
many Transaction Types exist?
Answer:
Receive – Receive the items
into Receiving Dock.
Deliver – Deliver the items into expense or inventory destination.
Return to Vendor – Return the received items directly to vendors.
Return to Receiving – Return the delivered items to Receiving Dock or
inspection.
Accept – Accept items following an inspection.
Reject – Reject items following an inspection.
Transfer – Transfer items between locations.
Correct – Enter a positive or negative adjustment to a receiving or delivery
transaction.
Match – Match unordered receipts to purchase orders.
Unordered – Receive items without purchase orders
Ques: 15. What
is a Sub Inventory?
Answer:
Sub inventories can be
defined as:
Subinventiries are unique physical or logical separations of material inventory. These can be raw material, finished goods or defective material sub inventory. You must define at least one sub inventory.
Sub inventories are of two
types: storage and receiving.
- Storage sub inventories are
intermediate, or final put away locations for material. Material that
resides in a storage sub inventory appears in on hand quantity and is
tracked by the system. The system can book orders against and use
manufacturing processes on material that resides in a storage sub
inventory. You must define at least one storage sub inventory for your
implementation.
- Receiving type sub inventory is
only used for receiving items. Items in this sub inventories cannot be
on-hand or reserved.
Ques: 16. How
are Lot and Serial Numbers handled in Inter-Organization Transfers?
Answer:
When you perform an inter
organization transfer, the source and destination organization may have
different lot/serial controls. Purchasing handles this situation as follows:
1. When the source organization uses controls and the destination organization
does not, the control numbers are recorded as being issued from the source
organization. Lot/serial transactions are recorded for the destination
organization.
2. When the source
organization does not use controls and the destination organization does, the
transaction is processed normally.
3. When both source and
destination organizations use controls, the control numbers are recorded as
being issued from the source organization. These control numbers are tracked to
insure that the same control numbers that were shipped are the ones
that are received. When items are returned from inventory to receiving or to
the supplier, only the control numbers originally recorded for the delivery
transaction can be used.
Ques:17. What
is Pay On Receipt?
Answer:
Pay on Receipt (also known
as ERS (Evaluated Receipt Settlement) or Self-Billing) is an Oracle
Purchasing’s concurrent program, which automatically creates invoices in Oracle
Payables and matches them with PO’s automatically for the received amount. The short
name for the program is POXPOIV.
Ques: 18. How
can you have specific Requestor defaulted on Requisition form?
Answer:
In order to have a specific
requestor default onto the requisitions form, the user will have to set the
following in the user’s requisition preferences.
Navigation: /Purchasing
-> Requisitions -> Requisitions Go to special ->preferences
- Click in the requestor field
Choose a requestor from the list of values Click the ‘apply’ button, a
message ‘ new preferences now in effect.’
- Close the requisitions form
Re-open the requisitions form Click in the lines region, the requestor
from requisition preferences should appear in the requestor field.
- The requisition preferences are
only valid while working on it , user needs to re enter requisition
preferences each time he starts the applications.
Ques: 19. How
does the Payment due days calculated if 30 days means will it be from invoice
date or material receiving date?
Answer: Due days calculation is based on what you set up in the PAYMENT tab window of Supplier Master form.
It has Four options:
1. Goods Received
2. Invoice
3. Invoice received
4. System
Ques: 20.. Is it possible to have all requisitions created from Inventory – Min-Max Planning to be imported with a status of INCOMPLETE?
Answer:
Yes, it is possible to have
all requisitions created from Min-Max Planning with a status of INCOMPLETE. If
the desired outcome is Min-Max requisitions showing a status of INCOMPLETE, it
is necessary to set the profile option: INV: MinMax Reorder Approval to
Incomplete. Conversely, if this profile option is set to Approved, all
requisitions imported from Min-Max Planning will be imported with an approval
status based on the approval authority of the user initiating the Requisition
Import process.
