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Oracle Applications Glossary

This is something which will help the newbee for their familiarity of Oracle apps terms.Also can be found on Oracle download site.

This combined glossary defines terms we use in the Assets, Cash Management, General Ledger, Payables, Projects, and Receivables User’s Guides and in various country-specific and region-specific manuals.

4-4-5 calendar
A depreciation calendar with 12 uneven periods: four cycles of a four-week period, followed by a four-week period, followed by a five-week period. Depreciation is usually divided by days for a 4-4-5 calendar. Since a 4-4-5 calendar has 364 days per year, it has different start and end dates for the fiscal year each year.

1099 form
The forms the Internal Revenue Service supplies to record a particular category of payment or receipt.

1099 number
The tax identification number for a supplier. According to IRS rules in the United States, lack of a valid tax identification number may result in tax withholding.
Oracle Applications stores the tax identification number for each supplier. Oracle Applications also enables you to enter a withholding status for each supplier.

1099 types
A 1099 classification scheme used in the United States for types of payments. Each 1099 form has one or more payment types. A 1099 supplier may receive payments from more than one type. The 1099-MISC form has the following types: rents, royalties, prizes and awards, federal income tax withheld, fishing boat proceeds, medical and health care payments, non-employee compensation, and substitute payments in lieu of dividends or interest.
Oracle Applications records 1099 payments by type so that you can report them according to IRS requirements.

2-way matching
The process of verifying that purchase order and invoice information matches within accepted tolerance levels. Oracle Applications uses the following criteria to verify two-way matching:
Invoice price <= Order price
Quantity billed <= Quantity ordered

24-hour format
A time format that uses a 24 hour clock instead of am and pm, so that 3:30 would be 3:30 am, 16:15 would be 4:15 pm, 19:42 would be 7:42 pm, etc.

3-way matching
The process of verifying that purchase order, invoice, and receiving information matches within accepted tolerance levels. Oracle Applications uses the following criteria to verify three-way matching:
Invoice price <= Purchase Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received

4-way matching
The process of verifying that purchase order, invoice, and receiving information matches within accepted tolerance levels. Oracle Applications uses the following criteria to verify four-way matching:
Invoice price <= Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received
Quantity billed <= Quantity accepted

Filed under: Interview Questions(& answers), Oracle Apps Glossary

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