Create Accounting

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Transaction Description

The concurrent program named Create Accounting - Assets is used to create journal entries. It is fully integrated with Oracle Subledger Accounting. Although this program is a concurrent request, it should be submitted from the Create Accounting menu choice (at the very bottom of the menu under Other).

If you are upgrading from R11i the profile option FA: Use Workflow Account Generation will be set to Yes and this means the account generation rules set up in Oracle Workflow will be used. As an upgrade task, you must analyze customizations in the Workflow setup. You may want to re-implement your customizations in Oracle Subledger Accounting rather than using the default values provided by the upgrade.

The Create Accounting program creates accounting entries for each accounting event associated with every asset transaction. Assets groups all accounting events into event classes and event classes are grouped into four event entities.

1. Transactions - is the largest entity and includes Additions, Adjustment, Capitalization, Category Reclass, CIP Additions, CIP Adjustments, CIP Category Reclass, CIP Retirements, CIP Revaluation, CIP Transfers, CIP Unit adjustments, Depreciation Adjustments, Retirements, Retirement Adjustments, Revaluation, Terminal Gain and Loss, Transfers, Unit Adjustments, and Unplanned Depreciation.
2. Depreciation - includes Depreciation and Rollback Depreciation events.
3. Inter Asset Transactions - includes Source Line Transfers, CIP Source Line Transfers, and Reserve Transfers.
4. Deferred Depreciation - includes only the Deferred Depreciation event.

As you can see, there are lots of accounting events besides Run Depreciation. It is not necessary to run Depreciation before creating accounting entries, and you can run the Create Accounting program many times within a single period.

Header Fields

• Name

Parameters

List of Fields

• Book Type Code
• Process Category- leave blank for all categories or pick from LOV
• End Date
• Accounting Mode- Final is the default but may also be Draft. In Draft mode, nothing is transferred to the General Ledger
• Errors- No is the default. If Yes is selected the program only processes accounting events where accounting had previously failed. This field is required.
• Report- Default is summary reporting.
• Transfer to General Ledger
• Post in General Ledger
• General Ledger Batch Name
• Include User Transaction

Comments

Links

• Related: OracleAssets, SubLedgerAccounting, FinancialConsolidationHUB, GeneralLedger

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Collaborating Authors and Reviewers: -- DianeMcHugh, JimCrum