Oracle finansial r12 ht

Oracle Financial R12 H.T ERP Stuff

General Ledger Setup

contents:

Responsibility i. Define Supper User Or Manu

ii. Applicationiii. Responsibility Key

Charts of Accounts

i. Segmentationsii. value sets

iii. Qualifiers

Accounting flexfieldi. Define Flexfields

Calendar Define Accounting Calendar

Currency

Define Currency

Accounting Setup Manager


Define Responsibilities:

System Administrator > Security Responsibility > Define:

NOTE:-

When Responsibility defined properly then attach it to the USER


Preparation of Structure and Segments

of a Company

( Structure)

Alaska Group of Companies

Segments

Company Locations Departments Accounts Future

GL Responsibility > Setup > Financial > Flexfield > Key : Segments

Now we search for application then we have following form.


Application > General Ledger > Accounting Flexfield:

Click on Segments BUTTON


Value set: is the range of items in a segment that how many department in

department segment For example- if we give in field Maximum size

as 2 for company segment it would be considered that range of companies

can be maximize by 99 because it is the last amount within 2 decimals

numbers and so on all segments will be maintain.


Now give VALUES to all SEGMENTS: Like below

Flexfield Qualifiers: This is the important part while making a ledger.

After giving values to all segments. we will attach QUALIFIRES.

Flexfield Qualifier requires 3 qualifiers that should be attached and its compulsory to

being attached. Cost Segment Natural Accounts SegmentsBalancing

and followings are optional.

Intercompany Segment Management Segment Secondary tracking segment

Alaska Company → Balancing Segment

Alaska Department → Cost Center Segment

Alaska Accounts → Natural Accounts Segments

And then SAVE


CHECK the cube :

Allow Dynamic Freeze Flexfield Definition Enabled Freeze Rollup Group

After giving the value to each segment we compile all by using compile BUTTON

as mentioned above in form : Key Felxfield Segments

and next step is Define value Sets.


Define ValuesGL Responsibility(Hassan work on GL) > Setup > Financial

> Flexfields > Key > Values

These are the Segments that we maintained before. now we need to maintain

VALUE SETS for each segment.


Define Qualifiers by using :Values, Hierarchy, Qualifier BUTTON

We use company segment qualifiers for Budgeting and Postingso we give the YES value in the field

Allow budgeting Allow posting

As above we segmentations for Alaska company same it is we maintain Alaska

account .procedure little bit different from Alaska company. Following are

some points that matters.

There could be parent and child accounts like: Total Assets is aparent and Non-current Assets is a child account.

There should be 5 accounts that based on Accounting elements Assts Liabilities Expenses Capital Revenue

The main thing is there should be a SUSPENCE child account inin EXPENSE parent account and a RETAINED EARNING child account in CAPITAL parent account.

The parent account may not be allowed for posting but child. as mention in following form.


Values code should be as per previously maintained.

Calendar:

Concept:-According to IAS-10 (International accounting standard)States events after the balance sheet date . any event that occurs after the balance sheet date it will be adjusted in a separate month for this year this month is known as adjusting monththere are two types of period followed by most of the organizations Calendar year and fiscal year .Calendar year starts from January1 to December 31,fiscal year from any of calendar years month and ends with next following month. For example if it is a calendar year that's start with January 1 to December31 the adjusting month will be from 31dec to 31 December if balance sheet is maintain at the end of the year. and period for 13 months will be maintain. in many organizations balance is maintain quarterly or half annually.in that case spouse 1 balance sheet period starts from Jan1 to mar 30 then the adjusting month will be starts from 30 march to 30 march. so let's check out how it works in oracle.

Setup>Financials>Calendar>Type

Periods per year

↓Period Type 13 Year type Description

13 Periods Calendar 12 Months of period with 1 adjusting month.

SAVE:


Setup > Financial > Calendar > Accounting.

Quarter

↓

Prefix Type Year Number From to Name

Months name

Jan

13period 2015 1 1 Month Starts

Month end

Jan-15

SAVE:


Currency: preparation of default currency for the group.

Setup> Currency>Define:

In Oracle yellowish area is mandatory.

SAVE:

Accounting Setup Manager Setup>Financial>Accounting setup manager>Accounting Setup

Create Accounting Setup


Click on Next BUTTON

' * ' sign Fields are mandatory. After filling the required fields Click the Next BUTTON

then following form will open.


This form contains some information .if it is satisfactory then

Click on Finish BUTTON

The next form has option of Define Accounting Option Click on BUTTON if satisfied.

In the next step there is an Up Date Column with a pencil shaped yellowish symbol .

Click that BUTTON


As a result following form will open.

Click on the Next BUTTON

There will be found Mandatory ' * ' Fields as mentioned before.

That are

Retained Earnings Account Suspense

Give the PATHS to both fields.


After giving the paths following Form will open.

Click on the Next BUTTON


The above form contain only optional fields so we move on by

Click on Next Button

Here is all information regarding ledger .

Click on Complete BUTTON


Oracle setup Manager Warning about if once we Click on YES Button we will not able

to make changes in Ledger. if there is nothing to change then

Click on Yes BOTTON

Now Alaska Ledger is ready to Use

Oracle finansial r12 ht

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