GL & AR FAQs

GL & AR FAQs

9. How many Flex fields are there in AR and what are they?

10. What is MRC and what is its use?
Ans: The Multi Reporting Currency Feature allows you to report and maintain records at the transaction level in more than one functional currency. You can do by defining one or more set of books in addition to primary set of books.

11. How many reporting currencies can be attached to Primary Set of Books?
12. What are the new features in Release 11I?
14. What is FSG and what is its use?
Ans: FSG is a powerful and flexible tool you can use to build your own custom reports without programming. FSG is only available with GL.
15. What are Different types of transactions in AR?
16. What are value sets?
17. What do you mean by HZ_ in customer tables?



1. What are different period types?
2. What are different types of Journal entries?
3. What are the setup steps for testing?
5. What is an Invoice? How many types of invoices are there in AP and AR?
6. What id recurring invoices?
7. What are AP setup steps?
10. If any conflict occurs in FSG who will override Column Set or Row Set?
13. What is Set of Books? What are the four conditions when you change your SOBs
17. What is the difference between cross-validation rules and security-rules?
18. In how many ways can you enter a journal in GL?
19. What are the setup steps for AP, AR, and GL?
21. What is the difference between discounts and adjustments?
22. What are different types of invoices and what is a recurring invoice?
23. What are cycles of GL, AP, and AR?
24. What are Summary Accounts and Rollup groups?