O2C Cycle In Oracle Apps Financials R12
(N-Navigation, G.L-General Ledger)
SWITCH
RESPONSIBILITY:
This
future is used to move from one responsibility to another responsibility.
N
-> file menu -> which responsibility -> select -> G.L Super user
-> Ok
CURRENCY:
Currency
is used to identify the volume of the transaction. There are two types of
currencies.
1.
Monitory currency
2.
Non monitory currency
1.
Monitory
Currency: It is used to record
the accounting transactions. There are two types of
Monitory currencies. They are A. Functional,
B. Foreign
a.
Functional: It is a local country currency.
Ex: INR in India, USD in America
b.
Foreign: Other than local currency is called a
foreign currency.
2.
Non
monitory Currency: It is nothing but a stat currency which is used in
the calculations.
Ex: Ratio, Feet, cm, meter, etc….
DEFINE CURRENCY:
N -> G.L super user -> set
up (task/menu) -> currencies -> define
Then currencies window is open then
press Ctrl + F11. Then we can see all type of currencies list. Place cursor on
code field -> then go to new then enter new code and name and description
and issuing territory -> precision -> extended precision -> minimum
accountable unit (blank) -> effective dates -> save it.
Note:
1.Precision mean no. of digits after
decimal point
2.
Extended Precision: It will determine no. of digits where system is start the
rounding
