Agenda
• Process Overview
• Integration with Modules
• Key Functionality
Accounting Set Up Manager Journals
Consolidation, Translation, Revaluation
• Security
• Open Interface
• Reports
PROCESS OVERVIEW
General Ledger Process
Open /Close periods Journal Entries Review & Correct JE’s Consolidate / Translate/ Revalue Account Analysis & Reports General Ledger Process Originating in GL Sub ModulesINTEGRATION WITH MODULES
Integration
Sub Ledger Accounting General Ledger Payables Receivables Assets Cash Management Treasury Inventory Payroll Projects Purchasing ManufacturingKEY FUNCTIONALITY
:ACCOUNTING SET UP MANAGER
(ASM)
Accounting Setup Manager
Legal Entities Ledgers Operating Units
Inter & Intra Company Accounting Subledger Accounting Reporting Currencies Accounting & Reporting Sequences Accounting Setup Manager
Accounting Setup Manager Concepts
Main, record-keeping ledger Defined by 4Cs:
› Chart of accounts
› Accounting calendar
› Primary currency
› Sub ledger Accounting Method
Optional, additional accounting
representations of your primary ledger
Can differ in one or more of the following from the primary ledger:
› Chart of accounts
› Accounting calendar
› Primary currency
› Subledger Accounting Method
Accounting Setup Manager Concepts
SLA Transaction Accounting Subledger Transactions SLA Corporate Ledger (Primary Ledger)Local Statutory Ledger (Secondary Ledger)
AP AR FA Other
Subledgers
Legal Entity
Accounting Setup Manager Concepts
SLA Transaction Accounting Subledger Transactions SLA Corporate Ledger (Primary Ledger)Local Statutory Ledger (Secondary Ledger)
AP AR FA Other
Subledgers
Legal Entity
If difference is only currency, If one or more of the following are different,
Accounting Setup Manager Concepts –
Reporting Currency
Use a Secondary Ledger
Currency Corporate Chart of accounts Monthly Calendar Accounting Method US GAAP Accrual
Use Reporting
Currencies
Ledger Set
Grouping of ledgers with the same chart of accounts and
calendar/period type combination
KEY FUNCTIONALITY
:JOURNAL
Types of Journals
• Manual Journals
• Imported Journals
• Recurring Journals
• Mass Allocation
Mass Allocation Journals
Dept1 Dept2 Dept3 1/3 1/3 1/3KEY FUNCTIONALITY
:CONSOLIDATION, TRANSLATION &
EVALUATION
Consolidation
C O N S O L I D A T E Subsidiary 1 Set of Books Subsidiary 2 Set of Books Subsidiary 3 Set of Books Parent Set of BooksTranslation
•
Translation and re-measurement methods•
Period average and end rates•
historical rates•
Period to date and year to date modes•
Translation method KWD KWD T R A N S L A T E USD USD KWD USD Functional CurrencyRevaluation
USD Foreign currency KWD Functional currency converts to R E V A L U E USD Foreign currency KWD Functional currency converts toSECURITY
Security
Cross validation rules prevent the
combination of certain segment values in the chart of accounts.
CROSS VALIDATION RULE
Security gives you the capability to restrict the set of values a user can use during data entry
Security
• Accounting Calendars • Auto Allocations • AutoPost Criteria Sets • Auto Reversal Criteria Sets • Budget Formulas
• Budget Organizations • Chart of Accounts Mappings • Consolidation Definitions • Consolidation Sets • Elimination Sets • FSG Reports and components • Mass Allocation • Mass Budgets • Rate Types • Recurring Journals • Revaluations • Transaction Calendars
• Control access to setup/reference independently of data security
• Enable setup sharing across ledgers and ledger sets
• Enable setup autonomy within multi-legal entity ledgers
• Set up view, modify, and usage privileges
DEFINITION ACCESS SET
Access multiple legal entities and ledgers from a single GL responsibility
DATA ACCESS SET
Restrict the usage of Control Accounts in manual Journal Entry
OPEN INTERFACE
Open Interface
To Import Journal lines from
peripheral systems and Oracle Sub ledgers
GL_INTERFACE
To Import Budget Journals from external sources
GL_BUDGET_INTERFACE
To Import Currency Exchange Rates from external sources
