copyright © 2007, oracle. all rights reserved. oracle general ledger process r12 general ledger...
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Copyright © 2007, Oracle. All rights reserved.
Oracle General Ledger Process
R12 General Ledger Management Fundamentals
Copyright © 2007, Oracle. All rights reserved.
Objectives
After completing this lesson, you should be able to do the following:
• Identify the steps required to complete the accounting cycle using Oracle General Ledger.
• Describe how Oracle General Ledger integrates with other Oracle eBusiness applications.
• Describe the implementation considerations for setting up and using Oracle General Ledger and the Oracle eBusiness Suite.
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Oracle General Ledger Overview
Oracle General Ledger
Oracle Financials
Human Resources Management
ManufacturingCustomer
Relationship Management
Projects
Other Subledgers
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General Ledger Overview
Edit
Analyze, Correct,and Adjust
Review
General Ledger
Record
Other Subledgers
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Functions and Features
Financial Controls
Data Collection
Information Access
Financial Reporting and Analysis
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General Ledger Accounting Cycle
Consolidate
Revalue/Translate
Review
PostCreate/Reverse Journal Entries
Open Period
Run Reports/ Close Period
Review/ Correct Balances
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Critical Implementation Issues
Identify critical implementation issues that affect multiple business areas:
• Shared information
• Information flows
• Open interfaces
• Non-Oracle systems
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Oracle General Ledger Integrates with …
Financials• Payables• Receivables• Assets• Purchasing• Projects• Treasury• Property Manager• Lease Management
HRMS• Human Resources• Payroll
Continued…
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Oracle General Ledger Integrates with …
Manufacturing• Inventory• Work in Process• Labor Distribution
Public Sector• Grants Accounting• Public Sector Budgeting• Public Sector Financials• Federal Financials
Continued…
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Also Integrates with …
Business Intelligence/Analytic Solutions• Financial Consolidation Hub• Enterprise Planning and Budgeting (EPB)• Oracle Financial Services Applications (OFSA)• Daily Business Intelligence (DBI)• Activity-Based Management (OABM)
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Integrating with Subledgers
Subledgers GL_INTERFACE
PostGL_BALANCES Journals
Journal Import
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Importing to General Ledgerfrom Non-Oracle Applications
General Ledger
Journal Import
Other feeder systems
Web ADIBudgets
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Overview of Accounting Setup Manager
Central place for defining and maintaining accounting
setup for the following:
• Legal Entities
• Operating Units
• Ledgers (primary and secondary ledgers)
• Reporting Currencies
• Subledger Accounting
• Intercompany and Intracompany Balancing
• Sequencing (Accounting and Reporting Sequencing)
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Foreign Currency Concepts
The three key foreign currency concepts in Oracle General Ledger are:
Conversion
Revaluation
Translation
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Multiple Currency Support
Currency
If difference is only currency,
Chart of accounts Calendar Accounting Method
US GAAPAccrual
Use a Secondary Ledger Use Reporting Currencies
If one or more of the following are different,
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Budgeting
Oracle General Ledger gives you a variety of tools to create, maintain, and track your budgets, including the ability to upload budget amounts from an Excel spreadsheet.
January 2002Cost Center 100
Actuals Budgets Variance
Salaries
Supplies
Travel
TOTAL
14,000 15,000 1,000
4,000 3,500 (500)
1,500 1,700 200
19,500 20,200 700
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Overview of Enterprise Planning and Budgeting (EPB)
Businessprocess flows
Allocations rules
Many out of the box calculations
Exception alerts
Enhanced reporting
EPB
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Reporting and Analysis
Oracle General Ledger provides you with a variety of reporting, consolidating, and analysis capabilities.
• Online account and transaction analysis
• Standard reports and listings
• Financial Statement Generator reports
• Web ADI Report Manager
• Oracle Enterprise Planning and Budgeting
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Standard Reports and Listings
Account Analysis
Chart of Accounts
Currency
Journals
Execution
Budget
Consolidation
General Ledger
Trial Balance
Other
Oracle General Ledger delivers over 70 standard reports. The following categories provide financial and non-financial information for General Ledger data.
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Financial StatementGenerator Reports (FSG)
Oracle General Ledger's Financial Statement Generator (FSG) is a powerful and flexible tool you can use to build your own custom reports without programming.
Row
Column
Report
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Summary
In this lesson, you should have learned how to:
• Identify the steps required to complete the accounting cycle using Oracle General Ledger.
• Describe how Oracle General Ledger integrates with other Oracle eBusiness applications.
• Describe the implementation considerations for setting up and using Oracle General Ledger and the Oracle eBusiness Suite.