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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

Oracle General Ledger

Oracle Financials

Human Resources

Management

ManufacturingCustomer

RelationshipManagement

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

Post

Create/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 Ledger

from Non-Oracle Applications

General Ledger

Journal Import

Other feeder

systems

Web ADI

Budgets

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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 GAAP

Accrual

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 tocreate, 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)

Business

process 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 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

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 integrateswith other Oracle eBusiness applications.

Describe the implementation considerations for

setting up and using Oracle General Ledger and

the Oracle eBusiness Suite.