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Oracle Financial Services Accounting Hub

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First Release Version: 12.0

Oracle Financial Services Accounting Hub Introduction

Oracle Financial Services Accounting Hub is a set of processes used to create Subledger journal entries. Oracle Financial Services Accounting Hub contains the following elements:

• Accounting Representations Closely Tied to the Originating Transactions
• Flexible Accounting Definitions
• Multiple Representation
• Scalability
• Accounting Representations

Oracle Financial Services Accounting Hub Process used to generate journal entries

1. Create and modify accounting definitions in Subledger application .
2. Capture Accounting Events from committed Subledger transactional data. The committed transactions provide the Accounting Program with transaction objects data (source information).
3. Run the Accounting Program. Subledger journal entries are created from the accounting definitions and accounting transaction objects data for the transactions.
4. Transfer Subledger journal entries to General Ledger in detail or summary for posting.

Subledger Accounting

Subledger Accounting is a new feature which enhances the functionality in Oracle General Ledger Applications by defining how journal entries are generated from Subledger transactions at the Subledger Accounting application level. The options are set up for the Primary and Secondary Ledgers only and are entered through the General Ledger's Accounting Setup Manager. A Set of Books in Release 11 is now a Ledger with its own Ledger Set in Release 12. Subledger Accounting creates the accounting like the earlier Release 11i Oracle Accounting Engine created the accounting.(SubLedgerAccounting)

Events and Sources

XXX

Transaction Objects

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Seeded Data

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Transaction Account Builder

The Accounting Methods Builder (AMB) functionality creates and modifies Subledger Journal Line setups and Application Accounting Definitions. These Application Accounting Definitions define the journal entries that enable an organization to meet specific fiscal, regulatory, and analytical requirements. These definitions are then grouped into Subledger Accounting Methods and assigned collectively to a ledger. (AccountingMethodsBuilder)

Accounting Program

XXX

Drilldown and Reporting

XXX

Comments

Links

• Related: SubLedgerAccounting, AccountingMethodsBuilder, JournalEntry

This Topic Is Referenced By These Topics:
Related Links: SubLedgerAccounting

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Collaborating Authors and Reviewers: BillDaley - 29 Mar 2007