E-Business Tax Definitions

Tax Regime=>The set of Tax rules that determine the treatment of one or more taxes administered by tax authority. That is the set of laws and regulations that determines the treatment of one or more taxes.

Tax=>A classification of a charge imposed by a government through a fiscal or tax authority.

Tax status=>The taxable nature of a product in the context of a transaction for a tax

Tax rates=>The rates specified for a tax status for a given time period. The tax rate is expressed as a percentage, a value per unit quantity, or a fixed sum per transaction.

Tax Jurisdiction=>A geographical area where a tax is levied by a special tax authority

Interview Questions

• EBS VS Fusion Difference
• IDR -- Integellent Document Recognition.
• Multipe Period accounting
• SLA customization
• COA Struture Vs COA Instance
• AGIS  - Intercompany
• OTBI VS BI   --- Custom report
• Reconcliation AP VS GL 
• Reconcliation AR VS GL 
• Intercompany reconcilation
• Recurring Invoice and it setup
• Recurring Journal In GL -- Enter webadi template and allocation 
• account monitor
• Account inspector
• Any integration third Party Intergration in GL. How, Process and isssues
• AR Third Party Integration - 
• Application Rule set, Lockbox 
• "Payment Process with Bank Integration
• -Template
• -Payment System 
• -Payment transmission "
• Auto Accounting
• Prororate calendar- Purpose
• Accounting Entries in FA
• asset retired can we restore it back..?   Reinstate
• Rapid Impletation and FBDI Process. Ad Fdi Process
• Automatic offset Mehtod
• Major support issue and customization 
• Custom Report worked on.
• Seconday Ledger, Consolidation
• transalation, Reporting currency Diff
• Revaluation process.
• Role Customization
• "BPM approvals - Ap Approval and GL approvals.
• --> Approval Groups
• --> Rules"
• Payment Approval.
• Can we set asset approval ..?
• Data migration  --Logic of loading open invoices. Asset migration logic
• Upgrade Testing
• which version you worked on..?
• Tax Configuration -- Rules 
• Credit Card transaction - Expenses AP.
• Methololoady - OAM