Financial reporting and analysis

Slides:



Advertisements
Similar presentations
Recording Adjusting and Closing Entries for a Service Business
Advertisements

Controlled Online Accounting General Ledger and Adjustments.
NextGen Budgeting Presented by: Julie Carroll Local Government Corporation Resource 2014.
ACCT 2110 GENERAL LEDGER. ACCOUNTING EQUATION n Assets = Equities n Assets = Liabilities + Owner’s equity.
ANUA 2011, Ft. Lauderdale INTRO General Ledger ANUA 2011, Ft. Lauderdale education solutions development inc.
Financial Accounting Review McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.
Chapter 7 – Closing Entries. Bellringer: Solve the following formulas: 1.10,000 – X = ,000 – X = 0 What is the opposite of $10,000? What is the.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation.
It’s month end, now comes the reconciliation crunch! Richard Byrom Oracle Applications Consultant
BUS 2101 Decision Making Financial Information Financial Statement Analysis Financial Statements GAAP Income Statement Statement of Cash Flow Balance Sheet.
Completion of the Accounting Cycle. Accounting Cycle During Period Collect transaction data from business documents Analyze transactions and journalize.
Accounting for a Service Company.  Record Transactions  Prepare a Trial Balance  Make Adjusting Entries  Prepare an Adjusted Trial Balance  Financial.
FSG Training : Course Aims
Accounting: What the Numbers Mean
Copyright © 2007, Oracle. All rights reserved. Oracle General Ledger Process R12 General Ledger Management Fundamentals.
LESSON 6-1 WORK SHEET FOR A SERVICE BUSINESS
Week 6.  Need to update certain general ledger accounts at the end of the fiscal period.  Reflect “internal” transactions ◦ Supplies used ◦ Prepaid.
Accounting Principles, Eighth Edition
CH-4: Completing the Accounting Cycle
Principles of Financial Accounting Chapter 3 Accounting Equation Assets = Liabilities + SE Stockholder’s Equity is divided into: Paid in capital Retained.
Slideshow Slideshow 1B Creating the Chart of Accounts and Batch Processing in the General Ledger.
Copyright © 2007, Oracle. All rights reserved. Using Accounting Setup Manager R12 General Ledger Management Fundamentals.
PARADIGM Business Solutions, LLC Financials Year End Processing Presented by PARADIGM Business Solutions, LLC Matt Pieper
Posting from a General Journal to a General Ledger Accounting I Chapter 4, Section 1.
Copyright  2006 Pearson Education Canada Inc. 6-1.
COMPLETION OF THE ACCOUNTING CYCLE UNIT 4 A work sheet is a multiple-column form that may be used in the adjustment process and in preparing financial.
CHAPTER 8 Recording Adjusting Entries and Closing Entries for a Service Business.
CHAPTER 4 THE BOOKKEEPING PROCESS AND TRANSACTION ANALYSIS McGraw-Hill/Irwin©The McGraw-Hill Companies, Inc., 2002.
Chapter 4 The Accounting Cycle
Copyright © 2007, Oracle. All rights reserved. Summary Accounts R12 General Ledger Management Fundamentals.
Accounting Theory.  Accounting Period Cycle ◦ Preparing financial statements at the end of each fiscal period  Adjusting Entries ◦ Journal entries recorded.
Chapter 4 Completing the Accounting Cycle. What is a Worksheet A multi-column form used in the adjustment process and a tool for preparing the financial.
-1- For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential Oracle.
Advanced Journal Entries
Using Accounting Setup Manager
Multi-Currency R12 General Ledger Management Fundamentals.
R12 General Ledger Management Fundamentals
R12 General Ledger Management Fundamentals
ADJUSTED TRIAL BALANCE
R12 General Ledger Management Fundamentals
Oracle General Ledger Process
Oracle General Ledger Release 11i
R12 Oracle General Ledger Management Fundamentals What you will learn: This course will enable the user to maximize accounting process efficiencies across.
Chapter 11: Completing Quarterly Activities and Closing the Fiscal Year McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights.
-1- For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential Oracle.
Objective  The accounting cycle is a series of activities that begins with a transaction and ends with the closing of the books. Because the process.
© 2015 Cengage Learning. All Rights Reserved. Learning Objectives © 2015 Cengage Learning. All Rights Reserved. LO9Complete end-of-period work for a departmentalized.
Check this A+ tutorial guideline at For more classes visit The.
Chapter 10 Closing Entries
The Consolidation Process The Intercompany Integration Solution for SAP Business One Version 2.0 for SAP Business One 9.1 Welcome to the course on the.
Completing the Accounting Cycle
Completion of the Accounting Cycle
LESSON 8-1 Recording Adjusting Entries
Adjusting, Closing, and Reversing Entries for a Corporation
6.00 Understand Financial Analysis
R12 Oracle General Ledger Management Fundamentals
Completing the Accounting Cycle
6.00 Understand Financial Analysis
Chapter 3: The Accounting Information Systems
Chapter 7: Financial Statements
Download Valid Microsoft MB6-895 Exam Study Material - MB6-895 Exam Dumps Question Answers
The Consolidation Process The Intercompany Integration Solution for SAP Business One Version 2.0 for SAP Business One 9.1 Welcome to the course on the.
General Ledger Training
Financial Statements Review
LESSON 6-1 Creating a Worksheet
PB 5.
The T Account.
General Ledger Master Records
LESSON 8-1 5/22/2019 CHAPTER 8 Recording Adjusting Entries and Closing Entries for a Service Business.
Budget Journal Entries
Presentation transcript:

Financial reporting and analysis General Ledger Oracle general ledger is a comprehensive financial management solution that facilitates the the following tasks: Financial controls Data collection Information access Financial reporting and analysis

Set of Books A set of books consists of a chart of account structure, an accounting calendar, and a functional currency.

Chart of Accounts Structure Create a customizable accounts structure containing up to 30 segments, with 25 characters per segment. The maximum number of characters allowed in the account code combination is 240 Define account to record asset, liability, owner’s equity, revenue, and expenses transactions.

Accounting Calendar Define the sequence and duration of accounting periods At the end of each accounting period, balances are automatically rolled forward to the next period. At the end of each fiscal year, the net balance of all revenue and expense accounts are moved to retained earnings.

Functional Currency Choose one functional currency for each set of books Enter accounting information in any currency. General ledger converts monetary amounts entered in a foreign currency to functional currency equivalents using supplied rates.

Journal Entry Basic Journal Entries Reversing Journal Entries Recurring Journal Entries Mass Allocations

Basic Journal Entries: It used for most accounting transactions. Examples: Revenues, Expenses, Adjustments, and Reclassifications Reversing Journal Entries: These journal entries are created by reversing an existing journal entry. We can reverse any journal entry and post it to the current or any future open accounting period. Recurring Journal Entries: Recurring journal entries are defined once, then are repeated for each subsequent accounting period.

Mass Allocations Entries: These type of journal entries that utilize a signal entry formula to allocate revenues and expenses across a group of cost centers, departments, divisions.

Journal Wizard Journal wizard enables to: Create journal entries Customize journal worksheets Use Excel spreadsheet features Save journal worksheets Upload journals to Oracle General Ledger

Budgeting Oracle General Ledger gives us a variety of tools to create, maintain, and track our budgets, including the ability to upload budget amounts from an Excel spreadsheet Create an unlimited number of budgets Control user access to budgets Create budget organizations to mirror the various levels of our company’s user access to the budget information Structure our budget into an unlimited number of levels Create master-detail budgets.

Creating a Budget In Oracle general Ledger, we can create a budget by designating amounts to a combination of an account and a period. Using the Define Budget Organization window, specify accounts by defining a budget organization, then assigning appropriate accounts to the that organization. Using the Define Budget Organization window, specify the accounting periods that we want to include in our budget.

Reporting and Analysis Tools Oracle General Ledger provides us with variety of powerful reporting, consolidating, and analysis capabilities. Standard reports and listing Financial Statement Generator(FSG) Report Wizard Request Center Analysis Wizard Oracle Financial Analyzer

Different Types of Reports Standard Reports and Listings: Request report online without trying up our terminal while we wait to generate and print our report Group reports into report sets Schedule reports to run at regularly schedule intervals Financial Statement Generator Report Create complex financial report for business units, profit centers, and cost centers. Report on translated and foreign currency amounts.