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Using Oracle General Ledger

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Using Oracle General Ledger Introduction

Oracle General Ledger is one component of the Oracle Financial Applications which makes up the e-Business Suite of business applications. Oracle e-Business Suite products have been engineered to work together. Oracle General Ledger performs the accounting and budgeting functions. Oracle General Ledger is the central module of Oracle Applications because the general ledger set of books forms the basis for all other financial modules. Processing efficiency has been improved by streamlining journal and accounting processes through Subledger Accounting functionality. The Oracle Financial Implementation is normally completed in conjunction with other application implementations. ( Financial Implementation Guide) Oracle has created the Accounting Setup Manager to facilitate the accounting-related setup across all financial applications.

R12i General Ledger New Features

General Ledger R12i New Features Accounting Setup, Improved Processing Efficiency, Data Security, Auditability, Other Minor General Ledger Features, Subledger Accounting

Links to General Ledger Topics

Journal Entry Journal Entry functionality includes:
  • General Ledger Journals
  • Journal Batches, Headers, Lines
  • Taxable Journals
  • Currency Journals
  • Copying Journals
  • Approving Journals
  • Journal Reconciliation
  • Fund Reservation
  • Year-End Closing

Budgetary Accounting, Encumbrance Accounting General Ledger Budgetary Accounting contains a variety of tools used to create, maintain, and track budgets, including interfacing from spreadsheet software. General Ledger Encumbrance Accounting records pre-expenditures commonly known as encumbrances. Encumbrances are used to predict cash outflow and as a general planning tool to avoid overspending a budget.

Average Balance Processing Average Balance Processing provides the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both standard and average balances. Average balance processing is primarily used in financial institutions and regulatory agencies where the average balance sheets and standard balance sheets are required. Other organizations also use average balances for internal management reporting and profitability analysis.

General Ledger Online Inquiries, General Ledger Financial Reporting General Ledger provides web-based and forms-based account inquiry functionality. General Ledger provides reporting capabilities, including the Financial Statement Generator, Execution reports, and Standard reports and listings.

Financial Applications Configuration and Setup Financial Implementation Guide - Review of Oracle Financial Applications release 12i features. Oracle Multiple Organization model ( Multi-Org ), defines the organizational structure and organizational relationships of an enterprise within Oracle Applications. Subledger Accounting - Oracle Subledger Accounting is used to define group reporting compliance. General Ledger Implementation Guide - Oracle General Ledger now has these features to define reporting and financial analysis access: Cash Management, Oracle Treasury, Oracle Loans, Oracle Payments, e-Business Tax, Financial Consolidation HUB.

Global Consolidation Release 12 has enhanced the Global Consolidation capabilities by streamlining the mapping functionality, enhancing definitions and creating a new product Financial Consolidation HUB.

Public Sector Oracle U.S. Federal Financials provides an application for financial management of federal agencies. Public Sector Financials provides a financial management solution for the public sector not-for profit, governments, and government enterprise organizations. Oracle Public Sector Budgeting supports the creation of budgets, including position budgeting for personnel services from Oracle HRMS systems. Public Sector Budgeting is used in conjunction with the Oracle General Ledger Budgeting functionality.

Global Intercompany Oracle Global Intercompany System creates, settles and reconciles intercompany transactions.

Multi-Currency Oracle General Ledger provides full multi–currency functionality in accordance with the United States Statement of Financial Accounting Standards 52 (SFAS #52) and International Accounting Standards 21 (IAS 21) requirements.

Multi-Organization The Oracle Multiple Organization model (Multi-Org) defines the organizational structure and organizational relationships of an enterprise within Oracle Applications. Multi-Org is integrated into the Accounting Setup Manager and allows definition of operating units and how they relate to ledgers.

Attachments to General Ledger The Attachments feature in the Oracle General Ledger allows objects, such as images and spreadsheets to be linked to General Ledger data such as journal entries.

Internal Control Oracle Internal Controls Manager is a tool for executives, controllers, internal auditors, and public accounting firms to document, test and monitor internal controls. Oracle Internal Controls Manager is independent of the applications being tested and validated, and can be successfully deployed in any environment.

Subledger Accounting NEW 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.

Enterprise Performance Foundation Oracle Enterprise Performance Foundation is a metadata repository of data and business rules providing the framework for the Oracle Corporate Performance Management set of products. Enterprise Performance Foundation is integrated with the e-Business Suite, Oracle General Ledger, and can be integrated with external systems.

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Related Links: AccountingMethodsBuilder, AccountingSetup, AccountsPayable, AssetBudgeting, AttachmentsGeneralLedger, AuditAbility, AverageBalanceProcessing, BudgetaryAccounting, CashManagement, ChartofAccounts, DataSecurity, EBusinessTax, EncumbranceAccounting, EnterprisePerformanceFoundation, ExpenseReportsandCreditCards, FA12AssetsCreateAccounting, FA12SetupAssetSystemBookControls, FA12SetupAssetSystemCalendars, FederalFinancials, FinancialArchitecture, FinancialConsolidationHUB, FinancialImplementationGuide, G12JournalsPost, GeneralLedger, GeneralLedgerImplementationGuide, GeneralLedgerR12iNewFeatures, GL12BudgetsDefineBudget, GL12BudgetsDefineControls, GL12BudgetsDefineFormula, GL12BudgetsDefineMassBudget, GL12BudgetsDefineOrganization, GL12BudgetsEnterAmounts, GL12BudgetsEnterJournals, GL12BudgetsEnterTransfer, GL12BudgetsEnterUpload, GL12BudgetsFreeze, GL12BudgetsGenerateFormula, GL12BudgetsGenerateMassBudget, GL12BudgetsScheduleFormula, GL12BudgetsScheduleMassBudget, GL12ConsolidationDefineConsolidation, GL12ConsolidationDefineConsolidationSet, GL12ConsolidationEliminationDefine, GL12ConsolidationEliminationGenerate, GL12ConsolidationPurge, GL12ConsolidationTransferData, GL12ConsolidationTransferDataSet, GL12ConsolidationWorkbench, GL12CurrencyRevaluation, GL12CurrencyTranslation, GL12InquiryAccount, GL12InquiryAccountAnalysisandDrilldown, GL12InquiryAverage, GL12InquiryBudget, GL12InquiryFunds, GL12InquiryJournal, GL12JournalsAutoAllocationViewStatus, GL12JournalsAutoAllocationWorkbench, GL12JournalsDefineAllocation, GL12JournalsEncumbrance, GL12JournalsEnter, GL12JournalsGenerateAllocation, GL12JournalsGenerateCarryforward, GL12JournalsGenerateRecurring, GL12JournalsGenerateReversal, GL12JournalsImportCorrect, GL12JournalsImportRun, GL12JournalsReconciliationReconcile, GL12JournalsReconciliationReverse, GL12JournalsScheduleAllocation, GL12JournalsScheduleRecurring, GL12ReportsDefineColumnSet, GL12ReportsDefineContentSet, GL12ReportsDefineDisplayGroup, GL12ReportsDefineDisplaySet, GL12ReportsDefineOrder, GL12ReportsDefineReport, GL12ReportsDefineReportSet, GL12ReportsDefineRowSet, GL12ReportsRequestFinancial, GL12ReportsRequestStandard, GL12SetupAccountsChartofAccountsMapping, GL12SetupAccountsCombinations, GL12SetupAccountsSummary, GL12SetupAccountsSuspense, GL12SetupAccountsUnits, GL12SetupCurrenciesDefine, GL12SetupCurrenciesRatesHistorical, GL12SetupCurrenciesRatesTypes, GL12SetupCurrencyDailyRates, GL12SetupEmployeesLimits, GL12SetupFinancialsCalendarsAccounting, GL12SetupFinancialsCalendarsTransaction, GL12SetupFinancialsCalendarsTypes, GL12SetupFinancialsDataAccessSets, GL12SetupFinancialsDefinitionAccessSetsAssign, GL12SetupFinancialsDefinitionAccessSetsDefine, GL12SetupFinancialsFlexfieldsDescriptiveSecurityAssign, GL12SetupFinancialsFlexfieldsDescriptiveSecurityDefine, GL12SetupFinancialsFlexfieldsDescriptiveSegments, GL12SetupFinancialsFlexfieldsDescriptiveValues, GL12SetupFinancialsFlexfieldsKeyAccounts, GL12SetupFinancialsFlexfieldsKeyAliases, GL12SetupFinancialsFlexfieldsKeyGroups, GL12SetupFinancialsFlexfieldsKeyRules, GL12SetupFinancialsFlexfieldsKeySecurityAssign, GL12SetupFinancialsFlexfieldsKeySecurityDefine, GL12SetupFinancialsFlexfieldsKeySegments, GL12SetupFinancialsFlexfieldsKeyValues, GL12SetupFinancialsFlexfieldsValidationSets, GL12SetupFinancialsFlexfieldsValidationValues, GL12SetupFinancialsLedgerSets, GL12SetupFinancialsSequencesDocumentAssign, GL12SetupFinancialsSequencesDocumentDefine, GL12SetupJournalAutoPost, GL12SetupJournalAutoReverse, GL12SetupJournalCategories, GL12SetupJournalEncumbrances, GL12SetupJournalSources, GL12SetupOpenClose, GL12SetupOtherMassMaintenance, GL12SetupOtherSchedules, GL12SetupSystemDatabaseLinks, GL12SetupSystemPurge, GL12SetupSystemStorage, GL12SetupTaxOptions, GLFinancialReporting, GLJournalsDefineRecurring, GlobalConsolidation, GlobalIntercompany, GLOnlineInquiries, GoodStyle, ImprovedProcessingEfficiency, InternalControl, JournalEntry, MultiCurrency, MultiOrganization, OracleAssets, OracleEBusinessTax, OracleLoans, OracleTreasury, OtherMinorGLFeatures, OtherPayableTopics, PayableHolds, PayableInvoices, PayableSuppliers, PlanningBudgeting, PortfolioAnalysis, ProjectAccounting, ProjectContracts, ProjectCosting, ProjectFoundation, ProjectManagement, ProjectResourceManagement, ProjectsWorkflow, PublicSectorBudgeting, PublicSectorFinancials, PublishDocControlReport, SubLedgerAccounting, WebStatistics

Collaborating Authors and Reviewers: BillDaley - 21 Mar 2007

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Topic revision: r50 - 14 Mar 2008 - 16:37:51 - JimCrum
 
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