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Tell me what is the significance of responsibility in oracle applications?

Answer:

users cannot access the concurrent programs ( just like Forms) until unless the program is attached to a responsibility through a Request Group. Thus the responsibilities provide the complete security by restricting access to forms, reports, tables( through data-groups) and also to specific records ( through profile options like Set of Books Id, MO Org Id).

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Can you please explain the difference between Letter of Credit and Letter of Guarantee?Do you know what is an accrual?