Oracle Applications - R12

General Ledger (Overview)

Expectations from this Session

Intent to provide overview of Oracle General Ledger screens and terms.
Few setups which could be helpful in our day-to-day task.

Expectations from Participants

Make yourselves available for the sessions.
Provide inputs from your knowledge base and help us to improve the quality of
the
session for others as well.
Be open for any Discussions/Questions.

Agenda
Context
Few Important Terms
Setups
Practical Session
Resources
Question and Feedback

01 - Context

02 Few Important
Terms

Few Important Terms

Business Group
The business group represents the highest level in the organization
structure, such as the consolidated enterprise, a major division, or an
operation company. The business group secures human resources
information. For example, when you request a list of employees, you see
all employees assigned to the business group of which your organization
is a part. Employment will also be created.
Ledgers
The Ledgers represent the core companys financial records where every
transaction flow through.
Legal Entity
A legal company for which you prepare fiscal or tax reports and
submitted to the government. You assign tax identifiers and other legal
entity information to this type of organization.
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Few Important Terms

Operating Unit
An operating unit is associated with a legal entity. Information is secured
by operating unit for these applications. Each user sees information only
for their operating unit. To run any of these applications, you choose a
responsibility associated with an organization classified as an operating
unit.
Liability
Expenses
Revenue
Assets
Equity
4 Cs
Chart of Accounts (COA), Calendar, Currency. Accounting Convention
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Few Important Terms

Accounting Concepts:-

Total Assets = Total Liability + Owners Equity

The above means that increase in Assets will be a resultant of
increase in Liability or the Owners Equity
An Increase in Expenses will result into increase in Liabilities.
Total Debits must be equal to the total credits in the financial
transactions. If not, then the unbalanced amount will be captured
in Suspense Account or journal must be corrected.

03 Setups

Setups
Location (HRMS)
Business Group (HRMS)
Business group info
Chart Of Accounts Setup (COA) (General Ledger)
Defining Segments
Defining Value Sets
Assigning FlexField Qualifiers
Compiling the COA
Defining values in Value Sets
Assigning Segment Qualifiers
Creation of Calendar Type (General Ledger)
Creation of Accounting Calendar
Currencies
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Setups
Accounting Setups (General Ledger > Accounting Setup Manager)
Create Legal Entity
Create Legal Entity Location
Create Ledger
Assigning Ledger Details
Define Accounting Options
Ledger Options (Enable Approval Process if required)
Sequencing
Operating Units
Balancing Segment Values
Balancing Segment Value Assignments
Intercompany Accounts
Reporting Currencies
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Setups
Creating User and Responsibility to Access General Ledger
Assigning Various Profile Options to complete the setup
Creating Rate types
Journal Sources
Journal Categories
Journal WEBADI

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04 Practical Sessions

Practical Session
Setups
Creating Journal Batch and then Journals
Entering Journals (without Batch)
Posting Journals
Review of Trial Balance Report
Entering Reversal Journals
Account Inquiry
Entering Exchange Rates
Account Drilldown
Journal Through WebADI
Basics of GL tables

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Resources
Oracle GL Theoretical Overview: http://www.apps2fusion.com/training_demo/ranu/oracle-gl/gl.pdf

Oracle GL Setups: http://

www.hcc.edu.pk/ot/Training%20Manual%20GL%20Setup.pdf

Oracle GL Table (TRM)

C:\Us ers \nban10\
Des ktop\GL
Overview\SQLGL

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05 Questions and Feedback

Thank You