RColten_NCOAUG - Oracle General Ledger - Setup 101 (1)

8/3/2019 RColten_NCOAUG - Oracle General Ledger - Setup 101 (1)

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Scandens (orig: latin) (v, adj) ascending, rising, aspiring.

Oracle General LedgerSetup 101

Rob Colten

Consultant


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Partnering

Scandent Solutionsa global IT Resources

Organization

Oracle Application Worldwide Partner and

Oracle Certified Solutions Partner

Dedicated Oracle Applications business unit in

Oak Brook, IL


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GL Setup Steps


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Flexfields

FlexfieldCombination of user-defined

Segments

General Ledger - Accounting (Chart ofAccounts)

Fixed AssetsLocation, Asset Category

ReceivablesSales Tax Location


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Accounting Flexfield

Segments

Balancing

Cost Center

Account

Intercompany (optional)


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Other COA Segments

Division

Market

Product

Branch

Sub-Account

GAAP TypeRegion

Sector

Store

Project

Activity

Phase

Basel II

CustomerReserved

Future (?)


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Accounting Flexfield

Segment Qualifiers

PostingY/N

BudgetingY/N

Account TypeA, E, L, O, R

Reconciliation FlagY/N

Control AccountY/N


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COA Considerations

One Global COA versus Multiple COAs

with consolidation

Legacy Systems

Decoder Ring

Business Process Re-Engineering

Futureis it really necessary?


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COA Considerations

Melanie Bock paperYou CAN Change

Your Chart of Accounts

A Brief Word from one of the Sponsors:

WWW.OAUG.ORG


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Segment Considerations

Accounting versus Reporting

Numeric versus Alphanumeric

UPPER CASE versus Mixed Case

Parent accounts

SegmentSummary accounts

Full Code Combination


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Segment Considerations

Independent versus Dependent Value Sets

Generic account descriptions and usage

versus specific descriptions and usage

Leading zeros

Range of Values

Statutory reporting requirements

Avoid embedded logic in segment value


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Test Drive COA

Look at standard apps reports and FSGs

Maintenance Routines

Parents/Rollup GroupsCode Combinations

Dynamic Insertion on or offSOX Considerations

Segment Security

Cross-Validation Rules

Shorthand Aliases


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Descriptive Flexfields

Store additional information for flexiblereporting purposes

15 to 30 available per tableOptions

Required/Not Required

Context sensitiveValidated/Non-Validated values

Generally not transferred between apps


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Calendars

Period Types

Calendar Periodbeginning and ending

dates

Period Name

Nov-05 versus Period-11-2005

Adjusting periods allowed


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Sets of Books

Three Cs

Chart of Accounts

Currency

Calendar

Oracle Vision DemoMany Sets of Books

Global Consolidation System

Global Intercompany System

O h R i d S


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Other Required Steps

Profile Options

Open/Close Accounting Period

Prior Years ending balance

Sourcesdefault values available

Categoriesdefault values available

Currenciesdefault values available


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Optional Steps

Suspense Accounts

Intercompany Accounts

Summary Accounts

Statistical Units of Measure

Currency Rates

M O ti l St


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More Optional Steps

Document Sequences

Automatic Posting

Encumbrance Types


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Scandens (orig: latin) (v, adj) ascending, rising, aspiring.

Questions?

[email protected]

RColten_NCOAUG - Oracle General Ledger - Setup 101 (1)

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