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Copyright Oracle Corporation, 2003. All rights reserved.

Overview of the Oracle

General Ledger Process

11iGeneral Ledger Management Fundamentals

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Objectives

After completing this lesson, ou should be able to do

the following!

"dentif the steps re#uired to complete the

accounting ccle using Oracle General Ledger$ %escribe how Oracle General Ledger integrates

with other Oracle e&usiness applications$

%escribe the implementation considerations for

setting up and using Oracle General Ledger and

the Oracle e&usiness 'uite$

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Agenda

Overview of Oracle General Ledger

%escribing (e functional areas of General Ledger

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Oracle General Ledger Overview

Oracle General Ledger

Oracle Financials

)uman *esources

Management

Manufacturing+ustomer

*elationshipManagement

Projects

Other 'ubledgers

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General Ledger Overview

dit

Anal-e and

Manipulate

*eview

General Ledger

*ecord

Other 'ubledgers

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Functions and Features

Financial +ontrols

%ata +ollection

"nformation Access

Financial *eporting

and Analsis

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7/36Copyright Oracle Corporation, 2003. All rights reserved.

General Ledger Accounting +cle

+onsolidate

*evalue.

/ranslate

*eview

Post

+reate.*everse

0ournal ntries

Open Period

*un *eports.

+lose Period

*eview.+orrect

&alances

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"mplementation +onsiderations

for Oracle Financials

Oracle Applications

without customi-ation

Future Oracleupgrades

Legac

sstem

+ustomi-ed Oracle

Applications

+ostl future

upgrades

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/he &est Project /eam for the 0ob

"mplementation

consultants

+lient eperts

nd users

"mplementation team

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+ritical "mplementation "ssues

"dentif critical implementation issues that affect

multiple business areas!

'hared information

"nformation flows Open interfaces

2on3Oracle sstems

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'haring a 'et of &oo(s

across Oracle Applications

Man elements of an Oracle General Ledger set of

boo(s are shared with other Oracle applications$

Accounting +alendar

Periods

Period tpes

Account 'tructure

4alue sets

'egment values

'ecurit rules

+ross3validation rules

+urrencies %ail rates

*ate tpes

0ournal ntries 'ources

+ategories

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"nterface "nformation! Accounting ntries

Purchasing

"nventor

5or( in

Process

Financial

Anal-er

Paroll

Projects

Paables

Assets

*eceivables

Accrued

receipts

'alar.%eductions

"nventor

+osts.+OG'

5"P job and

other costs

*evenue.penses

"nvoices.Paments

Additions

*evenue, receivables

+ash received

General Ledger

'pecified data

and structures

&udgeted

amounts

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"ntegrating with 'ubledgers

'ubledgers GL6"2/*FA+

PostGL6&ALA2+' 0ournals

0ournal

"mport

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"mporting to General Ledger

from 2on3Oracle Applications

General Ledger

&udgets

0ournal "mport A%"'preadsheet

Other feeder

sstems

From A%"

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Agenda

Overview of Oracle General Ledger

%escribing (e functional areas of General Ledger

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lements *e#uired for a 'et of &oo(s

A 'et of &oo(s re#uires three elements!

Accounting calendar

+hart of accounts

+urrenc

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Multiple +ompanies

within a 'ingle 'et of &oo(s

+onsolidated Parent 77

Parent81

'ubsidiar89

'ubsidiar8:

'ubsidiar8;

'ubsidiar8sing Multiple 'ets of &oo(s

Acme +anada

Acme 0apan

Acme >?

Parent

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0ournal Processing

Manual

0ournalntr

*eversing

0ournal

ntr*ecurring

ntries

Mass

Allocations

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&alancing "ntercompan /ransactions

for Multiple +ompanies

within a 'ingle 'et of &oo(s

Parent

81

'ubsidiar

89

'ubsidiar

8:

'ubsidiar

8;

'ubsidiar

8?Acme >'

Global +onsolidation 'stem

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&udgeting

Oracle General Ledger gives ou a variet of tools tocreate, maintain, and trac( our budgets, including the

abilit to upload budget amounts from an cel

spreadsheet$

0anuar 9889+ost +enter 188

Actuals &udgets 4ariance

'alaries

'upplies

/ravel

/O/AL

1;,888 1

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*eporting and Analsis

Oracle General Ledger provides ou with a variet of

reporting, consolidating, and analsis capabilities$

Online account and transaction analsis

'tandard reports and listings Financial 'tatement Generator reports

Applications %es(top "ntegrator *eport 5i-ard

Applications %es(top "ntegrator Analsis 5i-ard

Oracle Financial Anal-er

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'tandard *eports and Listings

Account Analsis

+hart of Accounts

+urrenc

0ournals

ecution

&udget

+onsolidation

General Ledger

/rial &alance

Other

Oracle General Ledger delivers over B8 standard

reports$ /he following categories provide financial and

non3financial information for General Ledger data$

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Financial 'tatement

Generator *eports @F'G

Oracle General LedgerCs Financial 'tatement Generator

@F'G is a powerful and fleible tool ou can use to

build our own custom reports without programming$

*ow

+olumn

*eport

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Oracle Financial Anal-er

Perform sophisticated analsis of actual and budget

data maintained in Oracle General Ledger$

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Applications %es(top "ntegrator

Applications %es(top "ntegrator combines the power of

Oracle General Ledger journal entr, budgeting, and

report creation, submission, publishing, and analsis

within an cel spreadsheet environment$

0ournal 5i-ard

&udget 5i-ard

*eport 5i-ard

Analsis 5i-ard

*e#uest +enter

Account )ierarch ditor

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Global Accounting ngine

Oracle

General

LedgerGlobal

Accounting

ngine

Oracle Paables

Oracle *eceivables

Oracle "nventor

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4aluation methods

Accounting events

Focuses of interest

Accounting Methods

Accounting methods differ significantl around the

world$ 'imilar business processes result in different

ear3end results$ /hree major differences are!

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Accounting %ifferences

+ountr legislation differs in the wa that accountingentries are recorded for the following!

Goodwill

*esearch and %evelopment

"nventor 4aluation

Leasing

%eferred /a "ncome

Finance +harges on "nventor

or Purchases

Pension Funds

>nreali-ed Gain or Loss

on +urrenc *evaluation

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Global Accounting ngine Features

+ompling with regulations of certain uropean

countries$

%efining accounting rules per set of boo(s$

+ompling with legal and fiscal audit trail

re#uirements$ *econciling our subledger accounting data with the

Oracle General Ledger$

+reating journal entries and detailed balances for

control accounts$ 'ecuring subledger accounting entries$

>sing online drilldown to the original documents in

the subledgers and countr3specific reporting$

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'ummar

"n this lesson, ou should have learned how to!

"dentif the steps re#uired to complete the

accounting ccle using Oracle General Ledger$

%escribe how Oracle General Ledger integrateswith other Oracle e&usiness applications$

%escribe the implementation considerations for

setting up and using Oracle General Ledger and

the Oracle e&usiness 'uite$

Documents

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