Deposit Account Interview Preparation Guide

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Transaction Flexfield actually identifies the the uniqueness among the Multiple lines of a single Invoice.

Use application rule set to control how Receivable will reduce the balance due of open debit items when you apply payments.

1) Charge back

2) Credit memo

3) Debit memo

4) Invoice

5) Guarantee

6) Deposit

Multiple Reporting Currencies is a unique set of features embedded in Oracle Apps that allows you to maintain and report accounting records at the transaction level in more than one functional currency.

Batch sources control the standard transaction type assigned to a transaction and determine whether Receivables automatically numbers your transactions and transaction batches. You can define two types of transaction batch sources:
Manual
Imported

RA_BATCHES_ALL
- INFORMATION ABOUT TRANSACTION BATCHES
RA_CUSTOMER_TRX_ALL
- HEADER INFORMATION ABOUT TRANSACTION
RA_CUSTOMER_TRX_LINES_ALL
- LINES INFORMATION ABOUT TRANSACTION
RA_CUST_TRX_LINE_GL_DIST_ALL
- DISTRIBUTION INFORMATION ABOUT TRANSACTIONS
RA_CUST_TRX_LINE_SALESREPS_ALL
- SALES REPS OF TRANSACTIONS INFORMATION
AR_PAYMENT_SCHDULES_ALL
- INFORMATION ABOUT PAYMENT SCHDULES
AR_APPLICATION_PAYABLES_ALL
RA_INTERFACE_ERRORS
- ERRORS IN AUTO INVOCIE INTERFACE DATA
RA_INTERFACE_LINES_ALL
- USE THIS TABLE TO ENTER HEADER AND LINES INFORMATION IN AUTO INVOICE INTERFACE PROGRAM
RA_INTERFACE_DISTRIBUTIONS_ALL
- DISTRIBUTION TABLE IN AUTO INVOICE INTERFACE PROGRAM
RA_INTERFACE_SALESCREDITS_ALL
- SALESCREDITS INFORMATION TABLE IN AUTO INVOICE INTERFACE PROGRAM

All tables that starts with HZ_ are related to the Trading Community Architechture (TCA). In these table we can find all the information about the Customers, Organization, Person's.
From release 11i TCA came into picture in Accounts Recievable module, where oracle has grouped all the customer information at one place. Most important tables in TCA are HZ_PARTIES, HZ_CUST_ACCOUNTS_ALL, HZ_CUST_ACCT_SITES_ALL, HZ_CUST_SITE_USES_ALL, HZ_LOCATIONS, HZ_PARTY_SITES, HZ_PARTY_SITE_USES, HZ_CONTACT_POINTS. few to name.

A savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest.

Deposit a/c means particular sum we can retain with bank with interest or without interest. Whenever we need money we can withdraw it.
Or
Any sum retain with owner for lease or rent agreement. whenever our agreement end. We received that amount it calls deposit.

Valuesets are collection of set of Values.

There are six types of value sets available in Oracle Apps.

1) Dependent.

2) Independent.

3) Special.

4) None.

5) Table.

6) Pair.

Accounting for invoice in advance

a) Receivable A/c .....................Dr.

To Unearned revenue a/c

(when we raise the invoice with invoicing rule as advance)



b) Unearned Revenue A/c .............. Dr.

To Revenue A/c

(when we receive the payment, the number of journal entry (b) is depend upon the accounting rules which can be fixed or variable)


Accounting for invoice in arrears

a) Unbilled receivable a/c ....................Dr.

To Revenue a/c

(when we receive the payment of unbilled invoice, the number of journal entry (a) is depend upon the accounting rules which can be fixed or variable))



b) Receivable a/c .........................Dr.

To Unbilled receivable a/c

(when we raise the invoice, with invoicing rule arrears)

Long term fixed deposit is an agreement between a customer and the bank for the fixed deposit from 24 months with a higher interest rate.

It benefits you as follows:
☛ Financially secure and earn higher interest rate.
☛ Receive a certificate which can be used as collateral if you wish to apply for short term loan with any bank.

Long Term Fixed Deposit account can be open in Khmer Riel, US Dollar or Thai Baht.

First, you need to have a current account, a savings account or a demand deposit account. Then you should have sufficient balance in that main account.

Yes, you can and you only have to pay interest earned back to the bank. If you want to close the account before the due date, you have to bring along the certificate.

Yes, you can but with service charge.

Cash and cash equivalents are balance sheet items that represent either physical money on hand or in bank accounts and other assets that can be easily converted to cash without a significant loss in their value.

Cash and cash equivalents may include but are not limited to:
☛ Currency
☛ Checks received but not yet deposited
☛ Checking accounts
☛ Petty cash
☛ Savings accounts
☛ Money market accounts
☛ Short-term, highly liquid investments with a maturity of three months
☛ Less at the time of purchase.

There is no charge from DCF. You should first check with your bank to see if they have fees for direct deposits.

It means the transaction will increase your checking account balance.

Your payments are conveniently, safely and electronically deposited into your bank account. You no longer need to wait for your paper check to arrive in the mail and wait at the bank to cash it.

With direct deposit, your subsidy and board payments are electronically deposited into your bank account.

You access and use these funds the same way you access and use other funds in your bank account.

When your direct deposit form is received and processed, it is anticipated that your next scheduled payment will be direct deposited. You should check with your bank regarding their direct deposit policies.

Yes. To cancel direct deposit and switch to the master card, you must complete and submit a direct deposit authorization form and check the box to cancel the direct deposit payment method and to issue a debit card.