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Oracle Applications Release 12

ORACLE GENERAL LEDGER

LEDGER

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INTRODUCTION

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Hello Readers

! have taken some time to write on one o" the ke# chan$es made in Release 12 that is

Led$ers. Even thou$h the concept o" Led$er is not a new "eature it is onl# anenhancement to %et o" &ooks in Release 11 and renamed as Led$er. However that

enhancement has caused man# chan$es which one must 'e aware o". !n this document

we will 'e re"errin$ to the usa$e o" led$er and newer "unctionalities it has 'rou$ht alon$with it.

(he normal e)planation on an# concept in Release 12 is o"ten compared with how the

same "unctionalit# was used in Release 11. E)planations were not strai$ht to the readerswho are e)posed to Release 12 onl#. (here has 'een a compulsion to know how the

s#stem was per"ormin$ in Release 11 in order to appreciate concepts in Release 12. !

have taken care to put the e)planations in such a wa# it will act as $ood re"erence to

readers who are not e)posed to Release 11 also.

Also have taken enou$h care not to make this document sound like *ser Guide orreproduce details stated in the user $uide. (here"ore ma+orit# o" the content will 'e 'ased

on what ! have understood "rom availa'le resources ,-etalink *ser Guides Other &lo$s

and orum sites etc./

(his document will contain onl# conceptual part and clari"ications on concepts. ! have

not included an# setups0screen shots on this document. !t is purel# a hite paper and not

a presentation on how to per"orm setups. !" the setups are reuired one can communicatetheir willin$ness to the Author 'ased on the num'er o" responses he mi$ht write a

presentation on setups alone.

Author is reacha'le ativruksha3$mail.comor ivadmin3ivruksha.com

! would reuest ever# one who takes time to read this document to point out the

corrections i" an# on the e)planations have 'een made. Author would 'e incorporatin$

the chan$es at the earliest.

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WHAT IS A LEDGER?

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A Led$er is a container o" all accountin$ related in"ormation captured throu$h various

other modules. Oracle General Led$er -odule owns led$ers.One has to desi$n the led$er in an appropriate wa# keepin$ in mind what in"ormation it

needs to hold. One can have as man# led$ers as the# want 'ased on their 'usiness

reuirement and operations point o" view. -ost o" the setups related to led$ers are notreversi'le which means it cannot 'e corrected it is one time onl#. (here"ore one must

take enou$h care to dra"t out their reuirements in papers 'e"ore actuall# implementin$ it.

!n earlier releases ,&e"ore R12/ the concept o" led$ers was alread# present however the#were termed as %et o" &ooks. (he introduction o" Led$er is nothin$ 'ut an enhanced

"unctionalit# o" %et o" &ooks.

(ransactions entered in various di""erent modules are all saved to their correspondin$

led$ers. One can never pro$ress settin$ up o" "inancials modules or a multi or$ structure'e"ore decidin$ on the Led$er setup.

A led$er saves the accountin$ in"ormation in an or$ani6ed wa# as directed '# the

conditions speci"ied in the accountin$ options "or that led$er.

!n a non computeri6ed environment accountants normall# enter their re$ular0da# to da#"inancial transactions in a manual led$er 'ook ,will 'e lookin$ 'i$ in si6e/ and total it up

at end o" the da# to "ind out the 'alances. (hat manual led$er 'ook has a "ormat in whichthe entries are recorded so the person who is $oin$ to "ill the led$er should 'e "ollowin$

the "ormat and an# other additional in"ormation which he has is not relevant "or makin$

an entr# in led$er.Oracle led$ers are also per"orm their operations in the same wa#. !mplementer de"ines

the "ormat rules restrictions "or a particular led$er usin$ di""erent setup screens makin$

the user to onl# enter the in"ormation what is relevant "or Oracle General Led$er to

process "urther. One ma# collect man# additional in"ormation in di""erent modules as pertheir 'usiness reuirement whereas those are o" least importance since the# are all onl#

data which are not su'+ected to an# "urther processin$ '# oracle.

A well planned0desi$ned led$er saves a lot o" time "or the compan# in processin$ the dataand preparin$ -!% reports "or the mana$ement in ke# decision makin$s.

One will also 'e knowin$ that &usiness intelli$ence module does this +o' o" producin$

e)cellent reports on the dail# operations o" compan# and points out ke# areas and red"la$s. However 'usiness intelli$ence can 'e used to 'est e""ect onl# when the 'ase

setups which are in place are e""icient.

Led$er 'ein$ the "oremost setup "or an# "inancial modules in E 'usiness %uite one must

understand the power importance and its usa$e at later sta$e in man# other areas within e&usiness suite.

e will 'e usin$ the word led$er a lot in the whole discussion readers mi$ht $et

con"used as to whether it re"ers to primar# led$er or secondar# led$er to resolve theindecision whenever author uses the word Led$er it purel# represents 7rimar# Led$er

onl# in case i" an e)planation is there "or secondar# led$er author will 'e usin$ the word

8secondar# led$er9 "or distinction.e will now discuss in detail a'out led$ers.

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COMPONENTS OF LEDGER

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!n order to setup a led$er one must complete de"inin$ the components o" a led$er. %ince

led$er is nothin$ 'ut a com'ination o" all those components. ithout usa$e o"components led$er cannot "unction on its own.

(he components o" a led$er are

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