No Particulars

1 Define HR Location
2 Define Legal Entity
3 Define Subledger Accounting Method (SLAM)
4 Define Value Sets
5 Define Segment Values
6 Define Journal Reversal Criteria (if Any)
7 Define Period Type (If Required)
8 Define Accounting Calendar
9 Define COA Structure
10 Difine Currency (If Required)
11 Complete Primary Ledger Setup
12 Complete Secondary Ledger Setup
13 Define COA Mapping Between Primary and Secondary Ledger
14 Define COA Mapping Between Subsidiary and Consolidated Ledger

1 Define Journal Sources

2 Define Journal Categories
3 Define Rollup Groups
4 Define Summary Accounts
5 Define Account Alias
6 Define Transaction Calendar
7 Define Security Rules
8 Define Cross Validation Rules
9 Define Data Access Sets
10 Define Definition Access Sets
11 Define Ledger Sets
12 Define Suspense Accounts
13 Define Journal Authorization Limits
14 Define Revaluations Templates
15 Define Consolidation Set
16 Define Auto Post Criteria Sets
17 Define Encumbrance Types
18 Create the Responsibilities and Assign These Responsibilities to concerned business users
Optional/Mandatory
Mandatory
Mandatory
Conditional
Mandatory
Mandatory
Optional
Conditional
Mandatory
Mandatory
Conditional
Mandatory
Optional
Conditional
Conditional

Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
Optional
No ParticularsOptional/Mandatory
1 Define HR Mandatory Conditional
2 Define LegaMandatory Conditional
3 Define Operating Unit Mandatory
4 Define AR System Options Mandatory
5 Define Payment Terms Optional
6 Define Transaction Types Mandatory
7 Define Transaction Sources Conditional
8 Define Memo Lines Optional
9 Define Accounting Rules Optional
10 Define Auto Accounting Mandatory
11 Define Receivables Activities Mandatory
12 Define Distribution Sets Optional
13 Define Receipt Sources Optional
14 Define Receipt Classes Mandatory
15 Lockbox Setup Conditional
16 Define Remit to Address Mandatory
17 Define Item Validation Organizatio Mandatory
18 Create Responsibilities Mandatory
19 Auto Invoice Line Ordering Rules Conditional
20 Auto Invoice Grouping Rules Conditional
21 Approval Limit (For Adjustment, ReConditional
22 Define Auto Cash Rule Sets Optional
23 Define Application Rule Sets Optional
24 Define Collection Optional
25 Define Aging Buckets Optional
26 Define Customer Profile Classes Optional
27 Define Territory Key Flexfield - Inst Mandatory
28 Define Statement Cycle Optional

Flow
Sales guy creates a sales
Sequences of Modules in which Financials Modules are closed
Inventory
Payables
Purhcasing
FA and AR
GL

Before Close
Checklist Item
Ensure that all Subledger are closed
Ensure that data is clear in GL Interface
Ensure that all GL inbound Interfaced are processed
Ensure that all required GL adjustment entries are passed
Ensure that GL Revaluation (if any) is run
Ensure that all required GL Entries are approved and posted
(Note: system will allow the period to be closed even if there are unposted journals)
Close Current Period and Open Next Period. Ensure that the period is closed/opened for both primary and secondary ledgers
Once you close the period. If required, system will allow the period to be re-opened. But once permanently closed, system will
Oracle Process

Journal Import Program

Custom Inbound Interfaces

Revaluation Process
Program Automatic Posting

Close Period Program. This can be run for a ledger set to that in single go, you can close the periods of all ledgers under the led
No Checklist
1 As soon as the first period of next financial year is opened, Retained Earnings Accounts gets updated.
2 Run Close Process - Create Income Statement Closing Journals and Close Process - Create Balance Sheet Closing Jour
3 Reset/Update Document Sequence, Accounting Sequences and Reporting Sequences (if Any)
4 Opening of Budget Year
5 Opening of Encumbrance Year
6 Uploading of Budgets
7 Runnning of year end FSG Reports (Trial Balance, P&L Account, B/S Report)
8
9
10
11
nts gets updated.
reate Balance Sheet Closing Journals