Questions and Answers on FSG

1. How do I find the latest FSG patch that is available?
For the General Ledger Patch List, on MetaLink, click on Knowledge…From The Knowledge Browser tab, quick find Note:159239.1.
2. Is there a way to suppress zero amounts on the FSG Report?
You cannot suppress individual zero amounts in FSG. However, when all the values in a row or column are zero, you can have FSG suppress them all. To do this, make sure the Display Zero option is unchecked on the appropriate Rows or Columns window.
3. How do you print credit amounts on the FSG Report as positive instead of negative numbers?
For a related row or column definition, check the Change Sign checkbox. Credit amounts for this row or column will now print as positive numbers. Negative credits will print as negative numbers. Note that this changes the sign for display purposes only.
4. Can I display account descriptions on the FSG Report in addition to the account segment values?
Yes. You simply have to define a Row Order, then, assign it to your report. In your Row Order, set the Account Display options of the account segments for which you want to print descriptions. Select Value and Description as your segment display method. Also, make sure that you set the printing width, so there is enough room to print both the segment value and the description.
5. Is there a limit on how large a FSG Report can be?
Yes. The column set width of an FSG report cannot exceed 255 characters. In release 11i, the column set width can exceed 255 characters. (However, while printing, there is still a limit of 255 characters.)
6. What is the profile option ‘FSG: Expand parent value’ used for?
This profile option controls the expansion of parent values when requesting summary balances. The following values are available to you:
Yes: FSG uses the rollup group to determine whether to expand a parent value into its child ranges. If the parent value belongs to a rollup group, FSG does not expand the parent value into its child ranges. If the parent value does not belong to a rollup group, FSG expands the parent value into its child ranges.
No: FSG uses the summary flag associated with the flexfield assignment to determine whether to expand a parent value into its child ranges. If the summary flag is set to Yes, FSG does not expand the parent value into its child ranges. If the summary flag is set to No, FSG expands the parent value into its child ranges.
The default value for this profile option is No.
Note:1012620.102 provides more information regarding this profile option.
7. I am trying to display budget amounts in my reports but they are not showing up or are incorrect. What is wrong?
Since Oracle GL allows you to define multiple budgets, you must indicate what budget you want displayed in the row or column. You do this by first assigning a Control Value in the Balance Control section of the Row or Column window. The control value is any numeric value. Next, you must tell FSG what budget relates to the Control Value. You do this in the Define Report form. When you define a control value for either your Row
Set or Column Set in your report, the Control Value button will be activated. By selecting the Control Value button you can assign budgets to your control values.
Another reason you may not be seeing your amounts is if you are using the YTD-Budget (FY End) amount type, but have not budgeted to every period in the fiscal year. See Note:1036437.6.
Also, make sure you have defined your Amount Types, Offsets and Control Values in the Column Set or Row Set, but not both. Typically these are specified in the Column Set.

AMFI Mutual Fund (Advisors) Certification Examination

Introduction & Mutual Fund Products

Ø  Mutual fund is a pool of money collected from investors and invested according to stated investment objectives

Ø  Mutual fund investors are like shareholders and they own the fund.

Ø  Mutual fund investors are not lenders or deposit holders in a mutual fund.

Ø  Everybody else associated with a mutual fund is a service provider, who earns a fee.

Ø  The money in the mutual fund belongs to the investors and nobody else.

Ø  Mutual funds invest in marketable securities according to the investment objective.

Ø  The value of the investments can go up or down, changing the value of the investors holding.

Ø  NAV of a mutual fund fluctuates with market price movements.

Ø  The market value of the investor’s funds is also called as net assets.

Ø  Investors hold a proportionate share of the fund in the mutual fund.  New investors come in and old investors can exit, at prices related to net asset value per unit.

Ø  Advantages of mutual funds to investors are :

o   Portfolio diversification

o   Professional management

o   Reduction in risk

o   Reduction in transaction cost.

o   Liquidity

o   Convenience and flexibility

Derivative Market,Futures and Options

1. What are options? An option is a contract, which gives the buyer (holder) the right, but not the obligation,to buy or sell specified quantity of the underlying assets, at a specific (strike) price on or before a specified time (expiration date),in consideration of a sum called the option premium. To put it in more simple terms,an option gives the holder an insurance against the risk of loss but a promise of unlimited profits if his judgment (of the future direction of the market or a particular stock) proves to be right. top

2.What are the important terms used in options trading? ·         Underlying : The specific security / asset on which an options contract is based. ·         Option Premium - Premium is the price paid by the buyer (of the the option) to the seller to acquire the right to buy or sell. ·         Strike Price or Exercise Price - The strike or exercise price of an option is the specified/ pre-determined price of the underlying asset at which the same can be bought or sold if the option buyer exercises his right to buy/ sell on or before the expiration day. ·         Expiration date - The date on which the option expires is known as Expiration Date. On Expiration date, either the option is exercised or it expires worthless. ·         Exercise Date - The date on which the option is actually exercised. ·         Open Interest - The total number of options contracts outstanding in the market at any given point of time. ·         Option Holder is the one who buys an option, which can be a call, or a put option. He enjoys the right to buy or sell the underlying asset at a specified price on or before specified time. His upside potential (the ability to reap profits) is unlimited while losses are limited to the premium paid by him to the option writer. ·         Option Seller/ Writer is the one who is obligated to buy (in case of Put option) or to sell (in case of call option), the underlying asset in case the buyer of the option decides to exercise his option. His profits are limited to the premium received from the buyer while his downside is unlimited. ·         Option Class - All listed options of a particular type (i.e., call or put) on a particular underlying instrument, e.g., all Nifty Call Options (or) all Nifty Put Options. ·         Option Series - An option series consists of all the options of a given class with the same expiration date and strike price. e.g., Nifty-1100-February-Call is an options series which includes all Nifty Call options that are traded with strike price of 1100 and expiry in February. top

3. What are Call Options? A call option gives the holder (buyer/ one who is long call), the right to buy a specified quantity of the underlying asset at the strike price on or before the expiration date. Note: The seller (one who is short call) however, has the obligation to sell the underlying asset if the buyer of the call option decides to exercise his option to buy.

FREQUENTLY ASKED QUESTIONS ON DEMATERIALISATION

Understanding Depository System

1.      What is a Depository?

A depository is an organisation which holds securities of investors in electronic form at the request of the investors through a registered Depository Participant.  It also provides services related to transactions in securities.

2.      How is a depository similar to a bank?

It can be compared with a bank, which holds the funds for depositors. A Bank – Depository Analogy is given in the following table:

BANK-DEPOSITORY – AN ANALOGY

BANK	DEPOSITORY
Holds funds in an account	Hold securities in an account
Transfers funds between accounts on the instruction of the account holder	Transfers securities between accounts on the instruction of the account holder
Facilitates transfer without having to handle money	Facilitates transfer of ownership without having to handle securities
Facilitates safekeeping of money	Facilitates safekeeping of securities

3.      How many Depositories are registered with SEBI?

At present two Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (I) Limited (CDSL) are registered with SEBI.

4.      Who is a Depository Participant?

A Depository Participant (DP) is an agent of the depository through which it interfaces with the investor. A DP can offer depository services only after it gets proper registration from SEBI.  Banking services can be availed through a branch whereas depository services can be availed through a DP.

Multiple Reporting Currencies

Overview: The Multiple Reporting Currencies (MRC) feature allows you to report and maintain accounting records at the transaction level, in more than one functional currency. You do this by defining one or more reporting sets of books, in addition to your primary set of books. In your reporting sets of books, you maintain records in a functional currency other than your primary functional currency. You can set up multiple reporting sets of books and associate them with a primary set of books.
Your primary functional currency is the currency you use to record transactions and maintain your accounting data within Oracle Applications. The functional currency is generally the currency in which you transact most of your business and the one you use for legal reporting.
A reporting functional currency is a currency other than your primary functional currency for which you need to report accounting data. You must define a set of books for each of your reporting functional currencies.
When you enter transactions in Oracle Applications, they are converted, as needed, into your primary functional currency and each of your reporting functional currencies. You log into a reporting responsibility to inquire and report on transactions and account balances in your reporting functional currencies.

Oracle Applications Support for MRCThe following Oracle Applications support Multiple Reporting Currencies:
· General Ledger
· Payables
· Purchasing
· Receivables
· Cash Management
· Projects
· Assets
· Cost Management

[Cost Management amounts are converted to a specified reporting currency when you request a report. The converted amounts, however, are not stored in the Cost Management subledger. ]


When to Use MRC: MRC is specifically intended for use by organizations that must regularly and routinely report their transactions and financial results in multiple currencies, other than their primary functional currency. If you only need to report balances in a currency other than your primary functional currency, the General Ledger Translation feature is probably sufficient.
* MRC is not intended as a replacement for General Ledger's translation feature.

Typically, you should consider using MRC when:

1) You operate in a country whose unstable currency makes it unsuitable for managing your business. As a result, you need to manage your business in a more stable currency and still be able to report your transactions and account balances in the unstable local currency.

2) Your company is multinational, and you need to report financial information in a common functional currency other than that of the transaction or your primary functional currency.

3) You operate in a country that is part of the European Monetary Union (EMU), and you want to concurrently report in Euro in preparation for the pan-European currency.


MRC Features

1- Reporting Sets of Books: In Oracle Applications you record day-to-day business transactions in your organization's primary set of books or post transactions to the primary set of books from your subledgers. From the primary set of books, you can report your account balances in your primary functional currency.
To use MRC, you must define additional sets of books, called reporting sets of books, and associate them with a primary set of books. When defining a reporting set of books, you specify your reporting functional currency as the set of book's functional currency. This is the currency in which you want to inquire and report your transactions and account balances.
For example, assume your business is located in Canada. You use a primary set of books whose functional currency is Canadian Dollars (CAD), but you also need to inquire and report on your transactions and balances in U.S. Dollars (USD), since this is the functional currency of your parent organization. You define a reporting set of books with a functional currency of USD, then you associate this reporting set of books with your primary set of books.