| Flexifield Qualifiers [message #269932] |
Tue, 25 September 2007 02:57  |
oraclefinfun
Messages: 8
Registered: September 2007
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Junior Member |
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Hi All,
Please can any one expalin me about Flexifiled Qualifier---
and exact purpose of that.And What is intercompany and cost center qualifiers.
Thank u to all.
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| Re: Flexifield Qualifiers [message #269993 is a reply to message #269932] |
Tue, 25 September 2007 06:02  |
David.K.Dickson
Messages: 413
Registered: October 2005
Location: Surrey, England
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Senior Member |
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Flexfield Qualifiers are used to "Qualify" what a particular segment is used for.
In General Ledger, you must specify one segment of your Accounting Flexfield as the Balancing Segment. This is normally used for a company or a legal entity. All journal entries must balance within a Balancing segment, so you cannot Debit company 1 and Credit company 2; you must have entries in the intercompany accounts. Talk to the accountants to find out why they want to do this.
In General Ledger, you must specify one segment of your Accounting Flexfield as the Natural Account segment. This is used to identify the nature of the transaction; whether it relates to Sales (or other income) or Costs (materials, goods, services), or Debts that we owe other people, or Debts that other people owe us, or Assets that the business owns, or Capital that the owners have invested in the business. Talk to the accountants to find out why they want to do this.
In General Ledger, you may specify one segment of your Accounting Flexfield as the Department segment. This is optional, unless you have Fixed Assets, which needs the Department segement for posting Depreciation to the Departments that are using the Assets. Talk to the accountants to find out why they want to do this.
In General Ledger, you may specify one segment of your Accounting Flexfield as the Intercompany segment. This is optional, but if you buy and/or sell goods and/or services to/from other companies in the same group, you may want to keep a record of which company you bought from / sold to. You can do this in the Intercompany segment. At the group level, when you consolidate the results of all the companies, you can then check that the sales that company 1 says that it made to company 2 agrees with the purchases that company 2 says that it made from company 1. You can then eliminate these inter-company sales from the group consolidation, where the idea is to report what we (as a group) bought from / sold to 3rd parties. Talk to the accountants to find out why they want to do this.
For more details on how these are specified with the applications, refer to the User Guide for your application and to the Oracle Applications Flexfields Guide
 HTH
David
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| Re: Flexifield Qualifiers [message #270211 is a reply to message #269993] |
Wed, 26 September 2007 02:58 |
kavithaoracle
Messages: 4
Registered: September 2007
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Junior Member |
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| David.K.Dickson wrote on Tue, 25 September 2007 06:02 | Flexfield Qualifiers are used to "Qualify" what a particular segment is used for.
In General Ledger, you must specify one segment of your Accounting Flexfield as the Balancing Segment. This is normally used for a company or a legal entity. All journal entries must balance within a Balancing segment, so you cannot Debit company 1 and Credit company 2; you must have entries in the intercompany accounts. Talk to the accountants to find out why they want to do this.
In General Ledger, you must specify one segment of your Accounting Flexfield as the Natural Account segment. This is used to identify the nature of the transaction; whether it relates to Sales (or other income) or Costs (materials, goods, services), or Debts that we owe other people, or Debts that other people owe us, or Assets that the business owns, or Capital that the owners have invested in the business. Talk to the accountants to find out why they want to do this.
In General Ledger, you may specify one segment of your Accounting Flexfield as the Department segment. This is optional, unless you have Fixed Assets, which needs the Department segement for posting Depreciation to the Departments that are using the Assets. Talk to the accountants to find out why they want to do this.
In General Ledger, you may specify one segment of your Accounting Flexfield as the Intercompany segment. This is optional, but if you buy and/or sell goods and/or services to/from other companies in the same group, you may want to keep a record of which company you bought from / sold to. You can do this in the Intercompany segment. At the group level, when you consolidate the results of all the companies, you can then check that the sales that company 1 says that it made to company 2 agrees with the purchases that company 2 says that it made from company 1. You can then eliminate these inter-company sales from the group consolidation, where the idea is to report what we (as a group) bought from / sold to 3rd parties. Talk to the accountants to find out why they want to do this.
For more details on how these are specified with the applications, refer to the User Guide for your application and to the Oracle Applications Flexfields Guide
HTH
David
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Hi David,
Thanks for your information, it will help me.
byeeeeeeeeeeeee.
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