Oracle Public Sector Financials

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First Release Version: 12.0

Oracle Public Sector Financials Introduction

Public Sector Financials provides a financial management solution for the public sector not-for profit, governments, and government enterprise organizations. Public Sector features include Encumbrance Accounting and Analysis, Funds Available Inquiry, Funds Available Reporting, Governmental Accounting Standards Board (GASB) 34/35 Asset Accounting.

Encumbrance Accounting

The budgeting in the public sector (government, government enterprise and non-profit) normally define budgetary control and perform funds checking or availability of fund on each of their transactions. Encumbrances are reserving of funds for those transactions. When the profile for budgetary control is turned on or enabled in the General Ledger encumbrances are automatically created from requisitions and purchase orders. Additionally a manual journal entry can be created. See budgetary accounting.

Funds Availablity

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GASB 34/35 Accounting

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• Related: Accounting Setup, Attachments to General Ledger, Auditability, Budgetary Accounting, Cash Management, Chart of Accounts, Data Security, e-Business Tax, Encumbrance Accounting, Enterprise Performance Foundation, FinancialConsolidationHUB, Financial Implementation Guide , Global Intercompany, General Ledger Implementation Guide, Global Consolidation, Improved Processing Efficiency, Internal Control, Journal Entry, Multi-Currency, Multi-Organization, Oracle Payments, Other Minor General Ledger Features, Subledger Accounting, Federal Financials, Public Sector Financials, Public Sector Budgeting, Oracle Treasury, Oracle Loans, General Ledger Online Inquiries General Ledger Financial Reporting

This Topic Is Referenced By These Topics:
Related Links: AccountingSetup, AttachmentsGeneralLedger, AuditAbility, DataSecurity, FederalFinancials, FinancialImplementationGuide, GeneralLedger, GeneralLedgerImplementationGuide, GLFinancialReporting, GlobalIntercompany, GLOnlineInquiries, InternalControl, JournalEntry, OtherMinorGLFeatures, PublicSectorFinancials

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Collaborating Authors and Reviewers: BillDaley - 30 Mar 2007