Oracle General Ledger Process

R12 Oracle General Ledger Management Fundamentals

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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

Other Subledgers

Manufacturing
Customer Relationship Management Oracle General Ledger

Projects

Oracle Financials Human Resources Management

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General Ledger Overview

Other Subledgers

Review

Edit
Record

General Ledger

Analyze, Correct, and Adjust

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Functions and Features

Information Access Data Collection

Financial Controls Financial Reporting and Analysis

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General Ledger Accounting Cycle

Review/ Correct Balances Run Reports/ Close Period

Consolidate

Revalue/ Translate Open Period Review Post Create/Reverse Journal Entries

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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

Journal Import

GL_BALANCES

Post

Journals

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Importing to General Ledger from Non-Oracle Applications

Journal Import

Web ADI Budgets

General Ledger

Other feeder systems

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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

If difference is only currency,

If one or more of the following are different,

US GAAP Accrual Chart of accounts Calendar Accounting Method

Currency Use Reporting Currencies

Use a Secondary Ledger

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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 2002 Cost Center 100 Actuals Salaries Supplies Travel TOTAL 14,000 4,000 1,500 19,500 Budgets 15,000 3,500 1,700 20,200 Variance 1,000 (500)

200
700

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Overview of Enterprise Planning and Budgeting (EPB)

EPB

Business process flows

Exception alerts

Allocations rules

Enhanced reporting

Many out of the box calculations

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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

Oracle General Ledger delivers over 70 standard reports. The following categories provide financial and non-financial information for General Ledger data.
Account Analysis Chart of Accounts Currency Journals Execution Budget Consolidation General Ledger Trial Balance Other

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Financial Statement Generator 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

Report Column

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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.

Copyright 2007, Oracle. All rights reserved.