r12 primary ledger

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R12 P RIMARY L EDGERAccounting Setup Manger

The ledger is a basic concept in Release 12. The ledger replaces the 11i concept of a set of books. It

represents an accounting representation for one or more legal entities or for a business need such as

consolidation or management reporting. Companies can now clearly and efficiently model its legal

entities and their accounting representations in Release 12. This seems to be a major area in getting

success of the shared service center and single instance initiatives where many or all legal entities of an

enterprise are accounted for in a single instance and data setup and processing must be effectively

secured but also possibly shared.

!ow legal "ntities can be mapped to entire #edgers or if you account for more than one legal entity

within a ledger you can map a legal entity to balancing segments within a ledger.$hile a set of books is defined by %Cs

1. chart of accounts

2. functional currency

%. accounting calendar

The addition in this list the ledger is defined by a &th C' the accounting method

This &th C allows you to assign and manage a specific accounting method for each ledger. Therefore

when a legal entity is subject to multiple reporting re(uirements separate ledgers can be used to record

the accounting information.

)ccounting *etup +anager is a new feature that allows you to set up your common financial setupcomponents from a central location.

General Ledger Setup Flowchart

$hile you can set up your ,racle -eneral #edger application in many different ways and defer optional

set up steps until you are ready to use the corresponding functionality we recommend you use the order

suggested in the following flowchart' *ome of the steps outlined in this flowchart and setup checklist are

Re(uired and some are ,ptional. ou need to perform ,ptional steps only if you plan to use the related

feature or complete certain business functions.The following setup steps are a high level overview of the setup steps related to ,racle

-eneral #edger and )ccounting *etup +anager.

http://orafinappssetups.blogspot.in/search/label/Accounting%20Setup%20Mangerhttp://orafinappssetups.blogspot.in/search/label/Accounting%20Setup%20Manger


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Leger is created in 5 stages1. Create Legal Entity.2. Define Leger.3. Define ccounting !ptions.". ssign Legal entities to your Ledger .5. ssign #alanceing Seg$ent %alues to respecti&e Legal entities.

http://3.bp.blogspot.com/--HgoOYl2fn0/UMquIw9IRtI/AAAAAAAAAXI/qoq8sCR3iGU/s1600/s30.jpg


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'a&igation( General Ledger ))* Setup ))* Financials ))* ccounting Setup +anager ))*ccounting Setups.

• Create legal entityClic, on Create ccounting Setup and then clic, on Create Legal entity.

Clic, on pply and then clic, on 'e-t.

• Define Leger

Clic, on 'e-t and then Finsh.

http://4.bp.blogspot.com/-Bj1tysraW0E/UKsLrM0eXOI/AAAAAAAAAFU/oq_hT-VvMM8/s1600/Led.jpghttp://3.bp.blogspot.com/-hHSEYdELhOY/UKsLBR88OOI/AAAAAAAAAFM/tu5LlU3AsNM/s1600/Legal.jpg


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Define ccounting !ptionsDefine ccounting !ptions• Define ccounting !ptions

Clic, on Define ccounting !ptions and clic, on update.

Clic, on 'e-t and assign /etained earnings ccount.

Clic, on 'e-t 'e-t and Finsh.

ssign Legal entities to your Ledger. ssign Legal entities to your Ledger.• ssign Legal entities to your Ledger.

http://2.bp.blogspot.com/-FwXN9e665zs/UKsOFXuEeeI/AAAAAAAAAFk/_5TPVQ9UB6w/s1600/Reatines.jpghttp://3.bp.blogspot.com/-eXW98BxePwk/UKsNXdhuoZI/AAAAAAAAAFc/kyPTLtN_iw8/s1600/Untitled.png


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Clic, on dd Legal Entity.

Clic, on dd Legal entity.

dd your Legal entity and clic, on pply.

• ssign #alancing seg$ent &alues to legal entities

Clic, on the update #alancing Seg$ent %alues

http://4.bp.blogspot.com/-CNlN2QXZvFo/UKsQrq0ggMI/AAAAAAAAAF8/38VrI1EMGP0/s1600/Leg3.jpghttp://3.bp.blogspot.com/-203ChB5y3fI/UKsPvXfdsBI/AAAAAAAAAF0/GTnZAkvlSvw/s1600/Leg2.jpghttp://3.bp.blogspot.com/-NDCPkrGp7K4/UKsOxan3hPI/AAAAAAAAAFs/H6FcWA-yoOE/s1600/Legal+1.jpg


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Clic, on dd #alancing Seg$ent %alue.

ssign #alancing seg$ent &alues to these legal entities.

http://3.bp.blogspot.com/-Q9wJBcmgmAs/UKsTHEAZa8I/AAAAAAAAAGM/FoVLDdV9yTs/s1600/Bal2.jpghttp://4.bp.blogspot.com/-TvTLBsLUtnk/UKsSgh09ZOI/AAAAAAAAAGE/eprnEueR5V0/s1600/Bal1.jpg


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Clic, on pply and then clic, onCo$plete.

!nce you co$plete leger we are getting the following 0arning.

Click on es.

http://4.bp.blogspot.com/-xZNVYNEdWIk/UKsVDMtVIuI/AAAAAAAAAGk/LNJl0GYQYpQ/s1600/Warin.jpghttp://2.bp.blogspot.com/-G-O0CbnJ7rI/UKsUbrnkASI/AAAAAAAAAGc/l_KYa2PeE7U/s1600/Com.jpghttp://4.bp.blogspot.com/-wrdCPEa6pps/UKsT85aON1I/AAAAAAAAAGU/dT6Ojo36mRc/s1600/Bal3.jpg


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!fter clic, on the yes we are getting the following confir$ation.

Click on Return to )ccounting *etups.

http://orafnappssetups.blogspot.in/2012/11/primary-ledger-setups.html
http://4.bp.blogspot.com/-LBC9XTnBKX8/UKsVkv-SmII/AAAAAAAAAGs/SRzhsvP_lw8/s1600/Comf.jpg

r12 primary ledger

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