Deposit Account Interview Preparation Guide

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)