Payables Imp Topics

Payables Imp Topics( R12 Payables Management Fundamentals.pdf)
1)Procure to pay
2)Open interfaces
3)Suppliers overview and merge
4)Types of invoices
5)PO matching, receipt matching, Matching types, ERS invoices.
6)Different types of variances
7)Distribution types(freight, tax, misc) and distributions sets
8)Tolerance and Price correction
9)Invoice Approval Work flow
10)Types of holds and purposes
11)Payables options, Financial options, Payables Setup options
12)Imp profile options

Payments in Payables
1)Types of payments and uses
2)PPR-Diff stages and importance
3)Prepayment
4)Create refunds and voiding
5)Creating payment methods and PPP
6)3rd party payments
7)Profile options

Expense Reports and Credit Cards in Payables
1)Overview of expense reports, procurement card and credit cards
2)Reports
3)Imp profile options

1099 Reporting Overview and Reports
1)Overview
2)Reports
3)Imp profile options for 1099 reports

Period Close in AP
1)Overview and steps to confirm period closure
2)Imp profile options for period close

Different types of taxes
1)Self-assessed tax
2)Manual tax
3)Tax tolerance and variances (TRV, TERV , etc..)
4)Withholding tax and types of withholding(invoice time and payment time)
5)Withholding tax reports
6)Imp profile options for withholding

Complex POs and Retainage
1)Overview 
2)Imp profile options for Complex PO and retainage

What Is AIM In Oracle Financials? Where we can use this AIM?What is Role of AIM while Implementation Project?

AIM is not a Module in ORA Apps like GL AP AR etc . It is an Implementation
Methodology which is recommended by Oracle for the successful Implementation of
Oracle E-Business Suite Projects.
In AIM (Application Implementation Methodology) there will be blank templates
available with the Software which will help us in proper Planning and Systematic
Implementation of the project by filling appropriate templates according to the
Modules we Implement. The concerned documents in general for

Functional: BR100(Setup Doc) TE40(Testing Doc) and MD50(Module Design)
Technical: CV100 and MD70.
You People better catch this Link
www . oracleappsblog . com /index.php/weblog/comments/download-oracle-aim-applications-implementation-methodology-software-paper/
to get AIM Software which contains all the required Doc's.

What you meant Retained Earnings? When the Entries are created and what is the entry?

It refers to the earnings or loss that the company retains at the end of the year/end of the period.
It is basically the portion of net income from end of the year which is retained by a corportation.
If the net income is positive then profits for that period are retained.
If the net income is negative then losses for that period are retained

The Retained Earnings is retained from business or the total profits generated in a financial year which is not distributed to shareholders..

What is Budget and Encumbrance ?