R12 Webcast on Ledgers and Ledger Sets
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EBS R12 - Ledgers and Ledger sets EMEA Financials PC Jan 10 th 2007
Transcript of R12 Webcast on Ledgers and Ledger Sets
EBS R12 - Ledgers and Ledger sets
EMEA Financials PC
Jan 10th 2007
Agenda • R12 Key Initiatives • Ledgers and Ledger Sets
• Other Ledger related features:• Management segment & management reporting• Data Access Sets
Global Financial Architecture
BankBankModModelel
Tax Tax EngineEngine
InterInterCompanyCompany
General Ledger General Ledger Ledger & Ledger Ledger & Ledger Sets Sets
General Ledger General Ledger Ledger & Ledger Ledger & Ledger Sets Sets
Subledger Accounting (SLA) Subledger Accounting (SLA) DrDr CrCr
ProjectsReceivablesInventory
Work in Process
Purchasing Payables
Multi-Multi-OrgOrg
AccessAccessControlControl
6 Major Initiatives1. Ledger and
Ledger Sets2. Multi-Org
Access Control
3. Bank Model4. Subledger
Accounting5. Tax Engine6. Intercompany
Global Financial Architecture
BankBankModModelel
Tax Tax EngineEngine
InterInterCompanyCompany
General Ledger General Ledger Ledger & Ledger Ledger & Ledger Sets Sets
General Ledger General Ledger Ledger & Ledger Ledger & Ledger Sets Sets
Subledger Accounting (SLA) Subledger Accounting (SLA) DrDr CrCr
ProjectsReceivablesInventory
Work in Process
Purchasing Payables
Multi-Multi-OrgOrg
AccessAccessControlControl
6 Major Initiatives1. Subledger
Accounting 2. Intercompany3. Multi-Org
Access Control
4. Bank Model5. Ledger and
Ledger Sets6. eTax
• (Ledgers replace Sets of Books)
• Main, record-keeping ledger
• Defined by 4Cs:• Chart of accounts• Accounting calendar• Primary currency• Subledger Accounting
Method
• Optional, additional accounting representations of your primary ledger
• Can differ in one or more of the following from the primary ledger: • Chart of accounts• Accounting calendar• Primary currency• Subledger Accounting Method
Primary Ledgers Secondary Ledgers
R12 Architecture: Ledgers
R12 Architecture: Ledgers
Currency
If difference is only currency,
Chart of accounts Calendar Accounting Method
US GAAPAccrual
Use a Secondary Ledger Use Reporting Currencies
4Cs of a Primary Ledger If one or more of the following are different,
SLA
Transaction
Accounting
Subledger Transactions
SLA
Corporate Ledger(Primary Ledger)
e.g. US GAAP
Local Statutory Ledger(Secondary Ledger)
e.g. French GAAP
AP AR FA Other Subledgers
Legal Entity
R12 Architecture: Ledgers
R12 Architecture: Ledgers
Level of Detail Desired Path to Secondary Ledger
Balances Level Use GL Consolidation to Transfer Balances
GL Journals Level Use Posting for Automatic Journals
Replication
AP AR FASubledger Journals Level
Use SLA for Automatic Maintenance
Adjustments OnlyManual Adjustments in
GL or Automated Adjustments from SLA
Ledger Sets Global Information At A Glance
Ledger Ledger SetSet
US GAAPUS COAUS CalendarUSD
Ledger CLedger C
US GAAPUS COAUS CalendarEUR
Ledger BLedger BFrench RulesPlan ComptableFrench CalendarEUR
Ledger ALedger A
Share:Share:CChart of hart of AccountsAccounts
CCalendaralendar
Ledger DLedger D
Reporting Currency
US GAAPUS COAUS CalendarAUD
R12 Architecture: Ledgers
• Create Reports• Report on One or All Ledgers in a Ledger Set
• Open/Close Periods• Open/Close Periods Independently or
Simultaneously • Create Journals
• Allocations Across Ledgers• Recurring Journals for All Ledgers
• Translate Balances• Translate Balances for All Ledgers
• View Information• No Changing Responsibilities• View Journals and Account Balances
•
Ledger Set - Perform the Following Across Ledgers:
Ledger 2
Ledger SetLedger Set
Ledger 1
Ledger 4
Ledger 3
R12 Architecture: Ledgers
• Management Segment• Optionally qualify a segment as the management
segment to perform management reporting• Secure read and write access to
Ledger/Management Segment Value combinations using Data Access Sets
Management
Co CC Acct I/C
Balancing Cost Center Natural Account
Intercompany
R12 Architecture: Ledgers
Data Access Set: • Access multiple legal entities and ledgers from a single GL
responsibility using the GL: Data Access Set profile option• Assign Ledgers and Ledger Sets to Data Access Sets• Optionally specify read and write privileges to:
• Entire Ledgers• Specific Balancing Segment Values (a.k.a Legal Entities if BSVs
assigned to Legal Entities)• Specific Management Segment Values
• When you assign specific balancing or management segment values, you can specify all values, parent values that include children, or child values individually
R12 Architecture: Ledgers
• Accounting Setup Manager• Simultaneous Accounting For Multiple Reporting Requirements Multi-
GAAP, matrix reporting etc.• Multiple Currency Support For All Data From All Sources • Management Reporting
• Multi-Ledger (Ledger Set) Processing• Overview of features that support ledger sets
• Data Access and Data Security using Data Access Sets• Access to Legal Entities and Ledgers• Security for Legal Entities, Ledgers, Balancing and Management
Segment Values
Ledger Architecture Features
What’s the EMEA Financials PC done so Far?
• Testing – >60 consultants, hands on, remotely
• Training – 63 consultants sent to HQ, 10 for Financials.
• ILTs*, Webcasts, Viewlets• I’m new to key initiative X, where
do I start?’ docs• Change configuration document*• Did you know..? emails
All materials available from the Release 12 Page of the EMEA Financials website
* Work in progress
Links to websites…. - EMEA Consulting 1-Release 12 Page on the EMEA Financials PC website.
--Sales Messaging--1-Official name of the release is E-Business Suite Release 12.2-High level theme of Release 12 is "Global Business Release".3-R12 positioning powerpoint can be found here. (Explicit URL: http://apps.oraclecorp.com/products/docs/R12_OVERVIEW.ZIP)
--Product Information--INTERNAL1-All of the "Release Content Documents" can be found here. (Explicit URL: http://ebiz.us.oracle.com/toicenter/overview/rcd.html).
2-Release 12 common session webcasts covering cross EBS initiatives can be found here. (Explicit URL: http://ouweb.us.oracle.com/ebus/r12_field_comm_session_web.html).
3-Recorded TOI's are continuously being posted here. (Explicit URL: http://ouweb.us.oracle.com/ebus/TOIs_r12.html).
4-A high level overview of Appstech in Release 12, by Cliff Godwin, can be found here.
AQ&
Ledger Set Implementation Considerations
• Limit the number of charts of accounts and calendars to take advantage of ledger sets
• Group the Adjustments Only Secondary Ledger with its Primary Ledger in a Ledger Set for financial reporting
For For adjustmentsadjustments
Statutory Ledger SetAdjustment Only
Secondary Ledger USD
Primary LedgerUSD
