GL Fundamentals Student Guide Vol1 D63156

8/18/2019 GL Fundamentals Student Guide Vol1 D63156

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R12.x Oracle General LedgerManagement Fundamentals

Volume 1 - Student Guide

D59687GC10

Edition 1.0

January 2010

D63156

deral Democratic Republic of Ethiopia, Ministry of Finance and Economic Development


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Copyright © 2010, Oracle. All rights reserved.

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owners.

Author

Stacey Tucker-Blosch

Contributing Author

Brent Bosin, Marilyn Crawford, Shivranjini Krishnamurthy

Technical Contributors and Reviewers

Ivy Farren, Joe Gum, Rohit Kathuria, Theresa Hickman, Bruce Ingram, Suzanne Miller, Vidya

Nagaraj, Cynthia Prier, Pam Rietz, Christine Rudd, Prescilla Sadepalli, Reema.Saravanan,

Deepak Seth, Mei Siauw, Lata Sundar, Kathy Wohnoutka, Theresa Wong, Michael Wurtzel

This book was published using: oracletu tor



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R12.x Oracle General Ledger Management Fundamentals Table of Contentsi

Table of Contents

Oracle General Ledger Process......................................................................................................................1-1 Oracle General Ledger Process .....................................................................................................................1-3 Objectives......................................................................................................................................................1-4

Oracle General Ledger Overview..................................................................................................................1-5 General Ledger Overview..............................................................................................................................1-6 Functions and Features ..................................................................................................................................1-7 General Ledger Accounting Cycle ................................................................................................................1-8 Critical Implementation Issues ......................................................................................................................1-9 Oracle General Ledger Integrates with ….....................................................................................................1-10 Also Integrates with …..................................................................................................................................1-13 Integrating with Subledgers...........................................................................................................................1-14 Importing to General Ledger from Non-Oracle Applications........................................................................1-15 Overview of Accounting Setup Manager ......................................................................................................1-16 Foreign Currency Concepts ...........................................................................................................................1-17 Multiple Currency Support............................................................................................................................1-18 Budgeting ......................................................................................................................................................1-20 Reporting and Analysis .................................................................................................................................1-21 Standard Reports and Listings.......................................................................................................................1-23 Financial Statement Generator Reports (FSG) ..............................................................................................1-24 Summary........................................................................................................................................................1-25 Quiz ...............................................................................................................................................................1-26

Ledger...............................................................................................................................................................2-1 Ledger............................................................................................................................................................2-3 Objectives......................................................................................................................................................2-4 Ledgers Defined ............................................................................................................................................2-5 Quiz ...............................................................................................................................................................2-6 Secondary Ledgers ........................................................................................................................................2-7 Secondary Ledger Conversion Levels ...........................................................................................................2-8 Reporting Currencies.....................................................................................................................................2-10

Reporting Currency (RC) Conversion Levels................................................................................................2-11 Accounting Setup Steps.................................................................................................................................2-12 Quiz ...............................................................................................................................................................2-14 Accounting Setup Manager Create Accounting Setup ..................................................................................2-15 Unlimited Currencies.....................................................................................................................................2-17 Sharing Ledgers Across Oracle Applications................................................................................................2-18 Building the Chart of Accounts Structure......................................................................................................2-19 Identifying Business Requirements...............................................................................................................2-20 Identifying Segment Requirements ...............................................................................................................2-21 Analyzing Reporting Requirements...............................................................................................................2-23 Creating a Worldwide Chart of Accounts......................................................................................................2-24 Worldwide Chart of Accounts Example........................................................................................................2-25 Creating Vertical Structures ..........................................................................................................................2-26 Validation and Value Sets .............................................................................................................................2-27 Using Independent and Dependent Segments................................................................................................2-28 Designing Size and Numbering Systems.......................................................................................................2-30 Creating Accounting Flexfields.....................................................................................................................2-32 Defining Value Sets.......................................................................................................................................2-33 Defining the Accounting Flexfield Structure.................................................................................................2-35 Defining Segment Values..............................................................................................................................2-38 Populating Segment Value Attributes............................................................................................................2-39 Segment Qualifiers ........................................................................................................................................2-40 Control Accounts...........................................................................................................................................2-42



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Control Accounts Setup and Process.............................................................................................................2-43 Defining Hierarchies......................................................................................................................................2-44 Working with Ranges ....................................................................................................................................2-46 Account Hierarchies ......................................................................................................................................2-47 Quiz ...............................................................................................................................................................2-48 Defining an Accounting Calendar .................................................................................................................2-49 Defining Period Types...................................................................................................................................2-51 Defining Your First Accounting Period.........................................................................................................2-52 Accounting Period Statuses...........................................................................................................................2-53 Accounting Calendar .....................................................................................................................................2-54 Calendar Auditing..........................................................................................................................................2-55 Enabling Currencies ......................................................................................................................................2-56 Quiz ...............................................................................................................................................................2-57 Enabling Account Combinations...................................................................................................................2-58 Segment Value Inheritance............................................................................................................................2-59 Chart of Accounts..........................................................................................................................................2-61 Troubleshooting Segment Value Inheritance.................................................................................................2-62 Defining Flexfield Security Rules .................................................................................................................2-64 Using Dynamic Insertion...............................................................................................................................2-66 Defining Cross-Validation Rules...................................................................................................................2-67 Defining Shorthand Aliases...........................................................................................................................2-69

Overview of Account Hierarchy Manager.....................................................................................................2-71 Integrating with Oracle General Ledger ........................................................................................................2-73 Using the Account Hierarchy Toolbar...........................................................................................................2-74 Account Hierarchy Manager Segment Symbols............................................................................................2-75 Account Hierarchy Manager—Security ........................................................................................................2-77 Parent Levels in an Account Hierarchy.........................................................................................................2-79 Creating New Child Values...........................................................................................................................2-80 Ledger Sets ....................................................................................................................................................2-81 Data Access Sets............................................................................................................................................2-82 Quiz ...............................................................................................................................................................2-83 Summary........................................................................................................................................................2-84

Accounting Setup Manager ............................................................................................................................3-1 Using Accounting Setup Manager.................................................................................................................3-3 Objectives......................................................................................................................................................3-4 Accounting Setups.........................................................................................................................................3-6 Accounting Setup Manager Overview...........................................................................................................3-8 Creating Accounting Setups ..........................................................................................................................3-10 Accounting Setup Prerequisites.....................................................................................................................3-11 Legal Entities Pages.......................................................................................................................................3-12 Accounting Setups Pages...............................................................................................................................3-13 Quiz ...............................................................................................................................................................3-14 Accounting Setup Manager Checklist ...........................................................................................................3-15 Accounting Setup Manager Checklist (continued)........................................................................................3-16 Legal Entities Overview................................................................................................................................3-17 Accounting Setup Considerations..................................................................................................................3-18 Accounting Setups with One Legal Entity ....................................................................................................3-19

Accounting Setups with Multiple Legal Entities...........................................................................................3-21 Accounting Setups with No Legal Entities....................................................................................................3-22 Balancing Segment Value Assignments........................................................................................................3-23 Using Balancing Segment Values for Transaction Processing ......................................................................3-24 Completing Accounting Setups .....................................................................................................................3-25 Designating the Balancing Segment for a Chart of Accounts .......................................................................3-26 Defining Legal Entities Using Accounting Setup Manager...........................................................................3-27 Updating Balancing Segment Values ............................................................................................................3-29 Creating Accounting Setup Structures...........................................................................................................3-31



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Creating Accounting Setup Structures (continued) .......................................................................................3-32 Creating an Accounting Setup.......................................................................................................................3-34 Completing Accounting Options ...................................................................................................................3-36 Updating Legal Entities.................................................................................................................................3-37 Primary Ledger Setup Steps ..........................................................................................................................3-39 Ledger Options ..............................................................................................................................................3-40 Reporting Currencies.....................................................................................................................................3-41 Ledger Balancing Segment Value Assignments............................................................................................3-42 Subledger Accounting Options......................................................................................................................3-44 Operating Units .............................................................................................................................................3-45 Quiz ...............................................................................................................................................................3-47 Intracompany Balancing Rules......................................................................................................................3-48 Sequencing ....................................................................................................................................................3-49 Secondary Ledgers ........................................................................................................................................3-50 Using Secondary Ledgers for Consolidated Reporting..................................................................................3-60 Using Ledgers for Consolidation...................................................................................................................3-64 Quiz ...............................................................................................................................................................3-66 Completing Accounting Setup.......................................................................................................................3-67 Adding, Deleting, Disabling Secondary Ledgers ..........................................................................................3-69 Quiz ...............................................................................................................................................................3-71

Basic Journal Entries ......................................................................................................................................4-1 Basic Journal Entries .....................................................................................................................................4-3 Objectives......................................................................................................................................................4-4 Journal Entries and the Accounting Cycle.....................................................................................................4-7 Integrating Journal Entries in Oracle eBusiness ............................................................................................4-8 Performing Journal Entry Functions..............................................................................................................4-9 Journal Entry Types.......................................................................................................................................4-10 Journal Creation Methods..............................................................................................................................4-11 Journal Components ......................................................................................................................................4-13 Quiz ...............................................................................................................................................................4-15 Grouping Journals into Batches.....................................................................................................................4-16 Manual Journal Entries..................................................................................................................................4-18 Performing Additional Journal Actions.........................................................................................................4-20 Posting Journals.............................................................................................................................................4-21 Data Access Set (DAS) Impact to Posting.....................................................................................................4-23 Posting to a Prior Period................................................................................................................................4-24 Quiz ...............................................................................................................................................................4-26 Overview of AutoPost ...................................................................................................................................4-27 Defining AutoPost Criteria Sets ....................................................................................................................4-28 Running AutoPost..........................................................................................................................................4-30 Performing Online Inquiries for Accounts and Journal Entries.....................................................................4-31 Performing Account Inquiry..........................................................................................................................4-32 Reviewing Balances with Account Inquiry ...................................................................................................4-34 Reviewing Variances Between Account Balance Types ...............................................................................4-35 Drilling Down to Subledger Details ..............................................................................................................4-36 T Accounts and Drilldown.............................................................................................................................4-38 Display Options Available While Viewing ...................................................................................................4-40

T Accounts.....................................................................................................................................................4-41 Activity Summary..........................................................................................................................................4-43 Reversing Journal Entries..............................................................................................................................4-44 Creating Reversing Journals..........................................................................................................................4-45 Reversing Journals Automatically.................................................................................................................4-46 Journal Reversal Prerequisites.......................................................................................................................4-48 Quiz ...............................................................................................................................................................4-49 Running Journal Entries Report.....................................................................................................................4-50 Integrating with Oracle General Ledger ........................................................................................................4-51



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Web Applications Desktop Integrator Overview...........................................................................................4-52 Web ADI Core Functionality.........................................................................................................................4-54 Desktop Integration Via Web ADI................................................................................................................4-56 Administering Web ADI ...............................................................................................................................4-58 Creating Web ADI Spreadsheets...................................................................................................................4-59 Working With Web ADI Spreadsheets..........................................................................................................4-60 Defining Web ADI Layouts...........................................................................................................................4-61 Defining Web ADI Mappings .......................................................................................................................4-62 Defining Web ADI Style Sheets....................................................................................................................4-63 Defining Web ADI Setup Options for Key Flexfields...................................................................................4-64 Uploading and Downloading Data from Web ADI Spreadsheets .................................................................4-65 Identifying Web ADI Profile Options ...........................................................................................................4-67 Identifying Form Functions, Menus, and Responsibilities in Web ADI........................................................4-68 Quiz ...............................................................................................................................................................4-69 Overview of Importing Journal Entries .........................................................................................................4-70 Importing Descriptive Flexfields...................................................................................................................4-72 Importing Journals.........................................................................................................................................4-73 Multi-Table Journal Import ...........................................................................................................................4-75 Journal Import Group By Effective Dates Description..................................................................................4-77 Journal Import Group By Effective Dates Benefits.......................................................................................4-78 How to Set Up Journal Import Group By Effective Dates ............................................................................4-79

Using Journal Import Group By Effective Dates...........................................................................................4-80 Importing Journal References........................................................................................................................4-81 Reviewing Journal Import Data.....................................................................................................................4-83 Journal Import Verification Process ..............................................................................................................4-84 Quiz ...............................................................................................................................................................4-86 Using Journal Entry Sources and Categories.................................................................................................4-87 Setting Profile Options ..................................................................................................................................4-89 Summary........................................................................................................................................................4-90

Summary Accounts..........................................................................................................................................5-1 Summary Accounts........................................................................................................................................5-3 Objectives......................................................................................................................................................5-4 Overview .......................................................................................................................................................5-5 Defining Summary Accounts ........................................................................................................................5-7 Summary Account Examples ........................................................................................................................5-8 Detail Versus Summary Accounts.................................................................................................................5-10 Summary Accounts Versus Parent Values ....................................................................................................5-11 Quiz ...............................................................................................................................................................5-12 Parent Values and Rollup Groups..................................................................................................................5-13 Rollup Groups ...............................................................................................................................................5-14 Summary Account Templates........................................................................................................................5-15 Template Values............................................................................................................................................5-16 Defining Summary Accounts ........................................................................................................................5-17 Summary Account Creation Example ...........................................................................................................5-18 Quiz ...............................................................................................................................................................5-19 Maintain Summary Accounts Overview........................................................................................................5-20 Maintaining Summary Templates..................................................................................................................5-21

Setting Budgetary Control .............................................................................................................................5-23 Incremental Add/Delete Summary Templates Program................................................................................5-26 Planning Summary Accounts ........................................................................................................................5-28 Determine Summary Account Needs ............................................................................................................5-29 Plan Summary Account Structure .................................................................................................................5-31 Plan Values and Groups ................................................................................................................................5-37 Plan Summary Account Templates................................................................................................................5-39 Quiz ...............................................................................................................................................................5-40 Summary........................................................................................................................................................5-41



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Advanced Journal Entries ..............................................................................................................................6-1 Advanced Journal Entries..............................................................................................................................6-3 Objectives......................................................................................................................................................6-4 About Recurring Journals..............................................................................................................................6-5 Recurring Journal Types................................................................................................................................6-6 Creating Recurring Journals ..........................................................................................................................6-7 Recurring Journal Entry Lines.......................................................................................................................6-9 Automatic Offset Example ............................................................................................................................6-10 Formula Recurring Journals ..........................................................................................................................6-11 Generating Recurring Journals ......................................................................................................................6-12 Quiz ...............................................................................................................................................................6-13 MassAllocations Overview............................................................................................................................6-14 MassAllocations versus Recurring Journals ..................................................................................................6-15 Steps to Create MassAllocation Journals.......................................................................................................6-16 Defining MassAllocation Journals ................................................................................................................6-17 Defining MassAllocation Formulas...............................................................................................................6-19 Account Segment Types................................................................................................................................6-21 Target and Offset Accounts...........................................................................................................................6-22 MassAllocation Journal Example..................................................................................................................6-23 Rent Expense Example..................................................................................................................................6-25 Generating Mass Allocation Journals............................................................................................................6-26

Quiz ...............................................................................................................................................................6-27 AutoAllocations Overview............................................................................................................................6-28 AutoAllocation Workbench...........................................................................................................................6-29 Business Benefits of AutoAllocation Workbench .........................................................................................6-30 AutoAllocation Set Types..............................................................................................................................6-31 Step-Down AutoAllocations..........................................................................................................................6-32 Parallel AutoAllocations................................................................................................................................6-33 Additional Workbench Functionality ............................................................................................................6-34 AutoAllocation Sets and Oracle Workflow...................................................................................................6-35 AutoAllocations and Oracle Workflow.........................................................................................................6-36 AutoAllocations Constraints..........................................................................................................................6-37 Submitting AutoAllocation Set Requests ......................................................................................................6-38 Reviewing the Status of AutoAllocations......................................................................................................6-39

Implementation Considerations for AutoAllocation Workbench ..................................................................6-40 Quiz ...............................................................................................................................................................6-41 AutoScheduling Overview.............................................................................................................................6-42 AutoScheduling Process................................................................................................................................6-43 Financial Schedules.......................................................................................................................................6-44 Scheduling Journals.......................................................................................................................................6-46 Scheduling a Request Using a Financial Schedule ........................................................................................6-47 Periodic Submissions.....................................................................................................................................6-48 Incremental Submissions...............................................................................................................................6-49 Implementation Considerations for Journal Entry Automations ...................................................................6-50 Quiz ...............................................................................................................................................................6-51 GL Journal Approval Process Overview .......................................................................................................6-52 Journal Approval Features.............................................................................................................................6-53 Journal Approval Process ..............................................................................................................................6-54 Approval Methods .........................................................................................................................................6-59 Journal Approval Prerequisites......................................................................................................................6-60 Setting Up Journal Approval .........................................................................................................................6-61 Quiz ...............................................................................................................................................................6-63 Summary........................................................................................................................................................6-64

Advanced Security...........................................................................................................................................7-1 Advanced Security.........................................................................................................................................7-3 Objectives......................................................................................................................................................7-4



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Security with Data Access Sets .....................................................................................................................7-5 Setup and Process..........................................................................................................................................7-14 Data Access Sets - Setup and Process ...........................................................................................................7-15 Setup - Define Data Access Set .....................................................................................................................7-16 Management Reporting and Security ............................................................................................................7-17 Management Reporting and Security Setup ..................................................................................................7-21 Summary........................................................................................................................................................7-22 Quiz ...............................................................................................................................................................7-23

Financial Budgeting.........................................................................................................................................8-1 Financial Budgeting.......................................................................................................................................8-3 Objectives......................................................................................................................................................8-4 What Is a Budget?..........................................................................................................................................8-6 What Is an Oracle Budget?............................................................................................................................8-7 Available Budget Methods ............................................................................................................................8-8 Anatomy of a Budget—Overview.................................................................................................................8-9 Budget Accounting Cycle..............................................................................................................................8-10 Creating a Budget ..........................................................................................................................................8-12 Budget Definition Steps.................................................................................................................................8-13 Budget Hierarchies ........................................................................................................................................8-14 Define a Budget.............................................................................................................................................8-15 Open Budget Year .........................................................................................................................................8-16 Master-Detail Budgets...................................................................................................................................8-17 Budgets Using FSG Reports..........................................................................................................................8-18 Multiple Versions of a Budget.......................................................................................................................8-19 Define Budget Organizations ........................................................................................................................8-20 Quiz ...............................................................................................................................................................8-22 Features of Budget Organizations .................................................................................................................8-23 Budget Organization Window.......................................................................................................................8-24 AutoCopy Budget Organizations...................................................................................................................8-25 Assign Account Ranges.................................................................................................................................8-26 Add/Change Account Ranges........................................................................................................................8-27 Removing Account Ranges ...........................................................................................................................8-28 Delete a Budget Organization........................................................................................................................8-29 Budget Entry Methods...................................................................................................................................8-30 Journals Created?...........................................................................................................................................8-32 Budget Entry Modes......................................................................................................................................8-33 Entering Budget Amounts .............................................................................................................................8-34 Budget Rules .................................................................................................................................................8-35 Budget Rules and Your Calendar ..................................................................................................................8-36 Budget Journals Process ................................................................................................................................8-37 Entering Budget Journals...............................................................................................................................8-38 Budget Journal Features ................................................................................................................................8-39 Quiz ...............................................................................................................................................................8-40 Calculating and Translating Budget Amounts...............................................................................................8-41 Budget Translation Overview........................................................................................................................8-42 Transfer Budget Overview ............................................................................................................................8-43 Transfer Budget Process................................................................................................................................8-44

Transfer Budget Amounts Example ..............................................................................................................8-45 Transfer Budget Percentage Example............................................................................................................8-46 Transfer with Budgetary Control...................................................................................................................8-47 Finalize Budgets ............................................................................................................................................8-49 Quiz ...............................................................................................................................................................8-50 Correcting Budgets........................................................................................................................................8-51 Budget Journal Entries?.................................................................................................................................8-52

No Budget Journal Entries?...........................................................................................................................8-53 Freeze Budgets ..............................................................................................................................................8-54



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Budget Inquiry Overview..............................................................................................................................8-55 Performing Account Inquiry..........................................................................................................................8-56 Reviewing Variances Between Account Balance Types ...............................................................................8-57 Budget Inquiry Window ................................................................................................................................8-58 Drilldown This Budget ..................................................................................................................................8-59 Query Detail Budgets and Violations Only ...................................................................................................8-60 Two Wizards - Overview ..............................................................................................................................8-61 Budget Wizard: Overview.............................................................................................................................8-62 Budget Wizard Key Benefits.........................................................................................................................8-63 Quiz ...............................................................................................................................................................8-64 Summary........................................................................................................................................................8-65

Multi-Currency................................................................................................................................................9-1 Multi-Currency..............................................................................................................................................9-3 Objectives......................................................................................................................................................9-4 Overview of Multi-Currency.........................................................................................................................9-5 Foreign Currency Concepts ...........................................................................................................................9-6 Integrating with Subledgers...........................................................................................................................9-7 Reporting Currencies.....................................................................................................................................9-8 Quiz ...............................................................................................................................................................9-10 Defining Currencies.......................................................................................................................................9-11 Conversion Overview....................................................................................................................................9-13 Conversion Example......................................................................................................................................9-14 Defining Conversion Rate Types...................................................................................................................9-15 Entering Daily Rates......................................................................................................................................9-17 Quiz ...............................................................................................................................................................9-18 Revaluation Overview...................................................................................................................................9-19 Revaluation Process.......................................................................................................................................9-20 Running Revaluation.....................................................................................................................................9-21 Revaluation Example.....................................................................................................................................9-23 Currency Rates Manager Description............................................................................................................9-24 Currency Rates Manager Description (continued) ........................................................................................9-25 Currency Rates Manager Benefits .................................................................................................................9-26 Using Cross Rate Rules .................................................................................................................................9-27 Quiz ...............................................................................................................................................................9-28 Translation Overview ....................................................................................................................................9-29 Translation.....................................................................................................................................................9-30 Balances and Rates Used for Translation ......................................................................................................9-31 Cumulative Translation Adjustment Account ...............................................................................................9-32 Historical Rates .............................................................................................................................................9-33 Translation with Historical Rates and Amounts ............................................................................................9-34 Translating Owners' Equity Accounts ...........................................................................................................9-36 Secondary Tracking Segment Description.....................................................................................................9-38 Secondary Tracking Segment Description (continued) .................................................................................9-39 Secondary Tracking Segment Benefits..........................................................................................................9-40 How to Activate Tracking by Secondary Segment........................................................................................9-41 Using Secondary Tracking Segment..............................................................................................................9-43 Secondary Tracking Segment Closing and Translation Example.................................................................9-44

Secondary Tracking Segment Revaluation Example....................................................................................9-45 Quiz ...............................................................................................................................................................9-46 Automatically Assigned Rate Types..............................................................................................................9-47 Foreign Currency Listings.............................................................................................................................9-49 Multi-Currency Profile Options.....................................................................................................................9-50 Quiz ...............................................................................................................................................................9-52 Summary........................................................................................................................................................9-53

Consolidations..................................................................................................................................................10-1 Consolidations ...............................................................................................................................................10-3



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Objectives......................................................................................................................................................10-4 Overview of Consolidations ..........................................................................................................................10-5 Consolidation Tools.......................................................................................................................................10-6 Consolidating Multiple Companies Sharing a Single Ledger........................................................................10-7 Consolidating Multiple Companies with Multiple Ledgers...........................................................................10-8 Global Consolidation System (GCS) Features and Benefits .........................................................................10-9 Global Consolidation System (GCS) Features and Benefits (continued) ......................................................10-10 Consolidating Data in Multiple Instances......................................................................................................10-12 Interface Data Transformer (IDT) Description..............................................................................................10-14 Interface Data Transformer (IDT) Benefits ...................................................................................................10-15 Interface Data Transformer (IDT) Rule Set Description ..............................................................................10-16 Interface Data Transformer String Function Example...................................................................................10-17 Interface Data Transformer PL/SQL Function Example ...............................................................................10-18 Interface Data Transformer Lookup Table Example....................................................................................10-19 Interface Data Transformer Steps..................................................................................................................10-20 Other Uses for Global Consolidation System................................................................................................10-21 Consolidation Workbench .............................................................................................................................10-23 Consolidation Workbench (continued)..........................................................................................................10-24 Quiz ...............................................................................................................................................................10-26 Using the State Controller .............................................................................................................................10-27 State Controller Button Colors ......................................................................................................................10-29

Defining a Consolidation Mapping ...............................................................................................................10-30 Mapping Rules...............................................................................................................................................10-32 Using Account Mapping Rules......................................................................................................................10-33 Using Segment Mapping Rules .....................................................................................................................10-34 Using Segment Rollup Rules.........................................................................................................................10-35 Defining a Consolidation Mapping Set .........................................................................................................10-37 Consolidation Hierarchy Viewer ...................................................................................................................10-38 Preparing Subsidiary Data .............................................................................................................................10-40 Revaluation Process.......................................................................................................................................10-42 Translation.....................................................................................................................................................10-43 Transferring Subsidiary Data to Parent Ledger .............................................................................................10-44 Consolidation Tracking and Reversals ..........................................................................................................10-46 Posting Consolidation Journal Entries...........................................................................................................10-47

Global Consolidation System Cross Instance Data Transfer .........................................................................10-48 Cross Instance Data Transfer Security...........................................................................................................10-50 Global Consolidation System Parallel Consolidation....................................................................................10-51 Creating Eliminating Entries .........................................................................................................................10-52 Formula-Based Eliminations .........................................................................................................................10-54 Automatic Intercompany Eliminations Program ...........................................................................................10-55 Quiz ...............................................................................................................................................................10-56 Defining an Elimination Set ..........................................................................................................................10-57 Source and Target Account Examples...........................................................................................................10-59 Balancing Options for Eliminations ..............................................................................................................10-60 Allow Out of Balance Journal .......................................................................................................................10-62 Balance with Net Difference .........................................................................................................................10-63 Consolidated Balances Inquiry......................................................................................................................10-64 Performing Consolidated Balances Inquiry..................................................................................................10-66 Running Consolidation Reports.....................................................................................................................10-67 Creating Custom Consolidation Reports .......................................................................................................10-69 Quiz ...............................................................................................................................................................10-70 Summary........................................................................................................................................................10-71

Period Close .....................................................................................................................................................11-1 Period Close...................................................................................................................................................11-3 Objectives......................................................................................................................................................11-4 The Accounting Cycle ...................................................................................................................................11-5



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Period Close Checklist...................................................................................................................................11-6 Overview of Importing Journal Entries .........................................................................................................11-7 Journal Import Verification Process ..............................................................................................................11-8 Posting Journals.............................................................................................................................................11-10 Reconciling Subledger Data ..........................................................................................................................11-12 Close the Subledgers .....................................................................................................................................11-13 P2P Close Processes ......................................................................................................................................11-15 Overview of the P2P Period Close ................................................................................................................11-17 Reconcile AP to GL.......................................................................................................................................11-18 Reports...........................................................................................................................................................11-19 Reports (continued) .......................................................................................................................................11-21 Quiz ...............................................................................................................................................................11-24 O2C Period Close Process.............................................................................................................................11-25 Overview of O2C Period Close Process........................................................................................................11-26 Transferring to General Ledger .....................................................................................................................11-27 O2C Standard Reports ...................................................................................................................................11-28 Reconciling Receivables Transactions, Receipts, and Customer Balances ...................................................11-29 Mapping Receivables Transactions to General Ledger Categories ...............................................................11-31 GL Reconciliation Report for Cash Management .........................................................................................11-32 Project Close Cycle .......................................................................................................................................11-33 Overview of Project Closing Cycles..............................................................................................................11-34

Closing a PA Period ......................................................................................................................................11-37 Period-Closing Exception Reports.................................................................................................................11-38 Foreign Currency Translation........................................................................................................................11-39 Running Revaluation.....................................................................................................................................11-40 Revaluation Example.....................................................................................................................................11-42 Accounting Period Status ..............................................................................................................................11-43 Balance Sheet Close ......................................................................................................................................11-44 Income Statement Close ................................................................................................................................11-46 Historical Rates .............................................................................................................................................11-48 Foreign Currency Translation........................................................................................................................11-49 Quiz ...............................................................................................................................................................11-50 Overview of Consolidations ..........................................................................................................................11-51 Global Consolidation System (GCS) Features and Benefits .........................................................................11-53

Consolidating Ledgers...................................................................................................................................11-55 Reporting Options .........................................................................................................................................11-56 Performing Account Inquiry..........................................................................................................................11-57 Helpful Closing Reports ................................................................................................................................11-58 Quiz ...............................................................................................................................................................11-60 Summary........................................................................................................................................................11-61

Financial Reporting.........................................................................................................................................12-1 Financial Reporting .......................................................................................................................................12-3 Objectives......................................................................................................................................................12-4 Objectives (continued)...................................................................................................................................12-5 Reporting Options .........................................................................................................................................12-6 Online Inquiry ...............................................................................................................................................12-7 When to Use Online Inquiry..........................................................................................................................12-9

Standard Reports and Listings.......................................................................................................................12-10 When to Use Standard Reports......................................................................................................................12-11 Financial Statement Generator Features........................................................................................................12-12 FSG Hierarchical Security.............................................................................................................................12-14 Defining Row Sets.........................................................................................................................................12-15 Define Column Sets.......................................................................................................................................12-16 When to Use FSG Reports.............................................................................................................................12-17 Using Ledger Sets in FSG Reports................................................................................................................12-18 Business Intelligence Publisher and Templates.............................................................................................12-20



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R12.x Oracle General Ledger Management Fundamentals Table of Contentsx

Publishing FSG Reports with BI Publisher ...................................................................................................12-21 Quiz ...............................................................................................................................................................12-23 When To Use Report Manager ......................................................................................................................12-24 Business Intelligence.....................................................................................................................................12-26 When to Use E-Business Intelligence............................................................................................................12-28 Oracle Discoverer..........................................................................................................................................12-29 When to Use Oracle Discoverer ....................................................................................................................12-30 Preparing Your FSG Report ..........................................................................................................................12-31 Building Basic Reports..................................................................................................................................12-32 Financial Statement Generator ......................................................................................................................12-33 Steps for FSG Financial Reports ...................................................................................................................12-35 Defining Row Sets.........................................................................................................................................12-36 Assigning Accounts.......................................................................................................................................12-38 Defining Calculations in Row Sets................................................................................................................12-40 Reviewing Your Row Set Definitions ...........................................................................................................12-41 Defining Ad Hoc Reports ..............................................................................................................................12-42 Defining Column Sets ...................................................................................................................................12-43 Applying Column Set Relative Headings......................................................................................................12-45 Standard Column Sets ...................................................................................................................................12-47 Reviewing Your Column Set Definitions......................................................................................................12-48 Row Set and Column Overrides ....................................................................................................................12-49

Defining and Requesting Financial Reports ..................................................................................................12-51 Handling Rounding Problems........................................................................................................................12-53 Specifying Control Values.............................................................................................................................12-54 Defining Content Sets....................................................................................................................................12-56 Selecting Display Options .............................................................................................................................12-57 Reviewing Your Content Set Definitions ......................................................................................................12-59 Defining Row Orders.....................................................................................................................................12-60 Ranking Methods...........................................................................................................................................12-61 Order by Ranking - Display Description.......................................................................................................12-62 Order by Description - Display Description..................................................................................................12-63 Order by Value - Display Value ....................................................................................................................12-64 Order by Value - Display Description...........................................................................................................12-65 Reviewing Your Row Order Detail Listing Report .......................................................................................12-66

Copying Reports and Components ................................................................................................................12-67 FSG Report Prerequisites ..............................................................................................................................12-68 Enabling FSG Security ..................................................................................................................................12-69 Run FSG Reports from Standard Request Submission..................................................................................12-70 Downloading Financial Reports ....................................................................................................................12-71 Running Financial Report Sets ......................................................................................................................12-72 Different Output Options for FSG Using Business Intelligence Publisher....................................................12-73 FSG Tips and Techniques..............................................................................................................................12-74 Setting FSG Options for General Ledger ......................................................................................................12-75 Working with the Attribute Set Window.......................................................................................................12-77 Modifying Attribute Sets ...............................................................................................................................12-78 Defin

Documents

GL Fundamentals Student Guide Vol1 D63156