<Insert Picture Here>

<Insert Picture Here>
Oracle E-Business Suite R12.1 General Ledger Overview Training Courseware For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

© 2009 Oracle Corporation – Proprietary and Confidential
Safe Harbor Statement The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle. For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Oracle Training Materials – Usage Agreement
Use of this Site (“Site”) or Materials constitutes agreement with the following terms and conditions: 1. Oracle Corporation (“Oracle”) is pleased to allow its business partner (“Partner”) to download and copy the information, documents, and the online training courses (collectively, “Materials") found on this Site. The use of the Materials is restricted to the non-commercial, internal training of the Partner’s employees only. The Materials may not be used for training, promotion, or sales to customers or other partners or third parties. 2. All the Materials are trademarks of Oracle and are proprietary information of Oracle. Partner or other third party at no time has any right to resell, redistribute or create derivative works from the Materials. 3. Oracle disclaims any warranties or representations as to the accuracy or completeness of any Materials. Materials are provided "as is" without warranty of any kind, either express or implied, including without limitation warranties of merchantability, fitness for a particular purpose, and non-infringement. 4. Under no circumstances shall Oracle or the Oracle Authorized Delivery Partner be liable for any loss, damage, liability or expense incurred or suffered which is claimed to have resulted from use of this Site of Materials. As a condition of use of the Materials, Partner agrees to indemnify Oracle from and against any and all actions, claims, losses, damages, liabilities and expenses (including reasonable attorneys' fees) arising out of Partner’s use of the Materials. 5. Reference materials including but not limited to those identified in the Boot Camp manifest can not be redistributed in any format without Oracle written consent. For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Key Content Contributors
Contributing Companies For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Module: Oracle General Ledger
COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Bootcamp Objectives Oracle General Ledger Process Accounting Setup Manager Ledger Basic Journal Entries Accounting Setups Summary Accounts Advanced Journal Entries Advanced Security Financial Budgeting Multi-Currency Consolidations Period Close Financial Reporting For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Section Objectives Concepts & Ledger Processing Options Secondary Ledgers & Reporting Currencies Accounting Setups with One, Multiple and No Legal Entities For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

What is Accounting Setup Manager?
Centralized method of defining and maintaining accounting structure aligned with the business needs! Single Page for accounting setup! For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Accounting Setup Manager Components
Legal Entity Primary Ledger Secondary Ledger Reporting Currencies For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Ledger Processing Options
This table is an example of ledger attributes for a global company that has four legal entities – two in US one in the U.K. and one in the France For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Concepts: Primary Ledger
Primary Ledger is the main record-keeping ledger. Defined by 4 C’s: Chart of Accounts Accounting Calendar Primary Currency Subledger Accounting Method One Primary Ledger is required for each accounting setup. For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Concepts: Secondary Ledger It is an optional, additional accounting representations of the primary ledger. Secondary ledgers are used for supplementary purposes, such as consolidation, statutory reporting, or adjustments for one or more legal entities within the same accounting setup. Can differ in one or more C’s of the primary ledger: Chart of Accounts Accounting Calendar Primary Currency Subledger Accounting Method Maintained at 4 different levels: Subledger Level: Use SLA for Automatic Maintenance Journal Level: Use Posting for Automatic Journals Replication Balances Level: Use GL Consolidation to Transfer Balances Adjustments Only: Manual Adjustments in GL or Automated Adjustments from SLA For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Concepts: Reporting Currencies Used for accounting and reporting in another currency (in addition to the ledger’s primary currency). Can be used with Primary or Secondary ledgers. One Primary Ledger is required for each accounting setup. Maintained at 3 different levels: Subledger Level: Use SLA for Automatic Maintenance Journal Level: Use GL Posting Balances Level: Use GL Translation For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

If one or more of the following are different,
Concepts: Reporting Currencies Use a Secondary Ledger Currency If difference is only currency, Corporate Chart of accounts Monthly Calendar Accounting Method US GAAP Accrual Use Reporting Currencies 4Cs of a Primary Ledger If one or more of the following are different, For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

Accounting Setups with One, Multiple and No Legal Entities
Accounting Setups with One Legal Entity You should only assign one legal entity to an accounting setup type if your legal entities meet any one of the following criteria: • Operate in a country with strict legislative requirements that require the legal entity to maintain its accounting data separate from other legal entities • Have specific legal or statutory rules that require a separate ledger for the legal entity • Require different primary ledger attributes from other legal entities. For example, the legal entity requires any one of the following ledger attributes to be different from other legal entities: - Chart of Accounts: One legal entity requires a 10-segment chart of accounts and another requires a 6-segment chart of accounts. - Accounting Calendar: One legal entity requires a weekly calendar and another requires a monthly calendar. - Primary Currency: There are legal entities and companies that require different primary currencies to act as their main record-keeping currency. For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Accounting Setups with Multiple Legal Entities If an accounting setup has more than one legal entity it means that multiple legal entities can share the same primary ledger attributes, such as the same chart of accounts, accounting calendar/period type combination, currency, subledger accounting method, and ledger processing options. Assign multiple legal entities to the same accounting setup if all of the legal entities assigned to the accounting setup meet all of the following criteria: • operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes, such as the same chart of accounts, calendar, primary currency, subledger accounting method, document sequence, and accounting options • do not need to have different ledger processing options for each legal entity. For example, legal entities can use the same general ledger translation rule and cumulative translation adjustment accounts to translate balances. • do not need to open and close periods independently by legal entity • do not require autonomous document sequencing for a legal entity • do not have tax requirements that are specific for a legal entity For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Accounting Setups with No Legal Entities Accounting setups that do not have legal entities assigned can be used for multiple purposes based on business needs. For example, define an accounting setup with no legal entity assigned if a legal entity context is not required for transaction processing, or use it to supplement the accounting contained in other accounting setups that have legal entities assigned. You can use accounting setups with no legal entities for the following business needs: • You do not need to maintain transactions using a legal entity context. • You are using a separate instance of General Ledger as a standalone application and do not plan to integrate with Oracle financial subledgers that require a legal entity context. • You are not integrating with Oracle financial subledgers but are using Subledger Accounting to integrate Oracle General Ledger with non-Oracle systems. • You want to maintain an additional accounting setup for management reporting purposes or consolidation purposes. For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential COMPANY CONFIDENTIAL AND PROPRIETARY INFORMATION — DUPLICATION IS PROHIBITED

Concepts: Legal Entity (LE) Implementation Models
1 : Many LE are mapped to the Balancing Segment Value (BSV) within a Ledger, hence, multiple LE are accounted for in a ledger. An OU will have one Ledger assigned, hence, transactions for many LE are processed and accounted in a single OU. 1 : 1 : 1 A single LE is mapped to a Ledger. An OU will have one Ledger assigned, therefore, transactions for a single LE are processed and accounted in the OU. For Oracle employees and authorized partners only. Do not distribute to third parties. © 2009 Oracle Corporation – Proprietary and Confidential

<Insert Picture Here>

Similar presentations

Presentation on theme: "<Insert Picture Here>"— Presentation transcript:

Similar presentations

About project

Feedback

Log in

Auth with social network:

<Insert Picture Here>

Similar presentations

Presentation on theme: "<Insert Picture Here>"— Presentation transcript:

Similar presentations

About project

Feedback