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General Ledger Overview

Oracle General Ledger is a comprehensive Financial Management solution that dramatically enhances financial controls, data collection and financial reporting throughout your enterprise.

Agenda

Process Overview Integration with Modules Key Functionality

Accounting Set Up Manager Journals Consolidation, Translation, Revaluation

Security Open Interface Reports

R12 General Ledger

General Ledger Process

Open /Close periods Originating in GL General Ledger Process Journal Entries Sub Modules

Account Analysis & Reports

Consolidate / Translate/ Revalue

Review & Correct JEs

R12 General Ledger

Integration

Payables

Inventory

Receivables

Sub Ledger Accounting

Payroll

Assets

General Ledger

Projects

Cash Management

Purchasing

Treasury

Manufacturing

Integration with Sub-Ledgers

Oracle Inventory
Asset Cost Depreciation Expense Retirement Gain/Loss

Oracle Assets

Invoices Payments Discounts Foreign Gains/Losses Encumbrances

Oracle Payables

Cost of Sales Adjustments Material Usages

Oracle Purchasing

Encumbrances

Oracle General Ledger

Oracle Project Accounting

Journal Entries

Oracle Receivables

Invoice / Billing Receipts Adjustments Debit/Credit memos

Oracle HR & Payroll

Employees Payroll Cost

External Systems
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Integrating With Sub-Ledgers

SubSubLedgers

GL Interface Data Table

General Ledger

Journal Import

Integrating With External Systems

You can integrate with external systems by using published open interfaces. You can write import programs to import data from an external system or from your previous accounting system. You can initiate a full account validation process during import.

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Accounting Setup Manager

Legal Entities

Ledgers

Operating Units

Accounting Setup Manager

Subledger Accounting Reporting Currencies

Inter & Intra Company Accounting

Accounting & Reporting Sequences

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Accounting Setup Manager Concepts

Primary Ledgers
Main, record-keeping ledger Defined by 4Cs:
Chart of accounts Accounting calendar Primary currency Sub ledger Accounting Method

Secondary Ledgers
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

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Accounting Setup Manager Concepts

Maintaining Multiple Accounting Representations with Secondary Ledgers Legal Entity

Accounting

Corporate Ledger (Primary Ledger)

Local Statutory Ledger (Secondary Ledger)

SLA

SLA Subledger Transactions

Transaction

AP

AR

FA

Other Subledgers
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Accounting Setup Manager Concepts Reporting Currency

If one or more of the following are different, If difference is only currency,

US GAAP Accrual

Corporate Chart of accounts

Monthly Calendar

Accounting Method

Currency

Use a Secondary Ledger

Use Reporting Currencies

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Accounting Setup Manager

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Accounting Setup Manager

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Accounting Setup Manager

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Accounting Setup Manager

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Accounting Setup Manager

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Accounting Setup Manager

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Accounting Setup Manager

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Ledger Set
Grouping of ledgers with the same chart of accounts and calendar/period type combination Essentially treats multiple ledgers as one

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Types of Journals
Manual Journals Imported Journals Recurring Journals Mass Allocation

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Manual Journals

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Recurring Journals

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Recurring Journal

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Mass Allocation Journals

1/3 1/3 Dept1 1/3 Dept3 Dept2

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Mass Allocation Journal

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Inquiry
Rollup Groups
Define rollup groups to capture different summary levels for each Parent and Child Segments. Use Summary Accounts to view financial information at Summary Level Assign related parent values to rollup groups. Use Rollup groups when creating summary accounts. No limit to number of levels. No limit to number of Entities on each level.

Example
Rollup Group Rollup Group Level 1 Total Assets

Level 2 Rollup Group

Level 2.1

Level 2.2

Fixed Assets

Current Assets

Land Child Values Child Child Child Child

Buildings

Cash

Bank

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Consolidation
Subsidiary 1 Set of Books Subsidiary 2 Set of Books Subsidiary 3 Set of Books

CONSOLIDATE

Parent Set of Books

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Translation
Translation and re-measurement
methods Period average and end rates historical rates Period to date and year to date modes Translation method
Functional Currency

KWD

KWD

KWD

TRANSLATE

USD

USD Foreign Currency

USD

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Revaluation
converts to USD Foreign currency KWD Functional currency

REVALUE

converts to USD Foreign currency KWD Functional currency

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CROSS VALIDATION RULE

Security

SEGMENT SECURITY RULE Security gives you the capability to restrict the set of values a user can use during data entry

Cross validation rules prevent the combination of certain segment values in the chart of accounts.

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Security
DATA ACCESS SET Access multiple legal entities and ledgers from a single GL responsibility

DEFINITION ACCESS SET Control access to setup/reference independently of data security Enable setup sharing across ledgers and ledger sets Enable setup autonomy within multilegal entity ledgers Set up view, modify, and usage privileges
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 ACCOUNTS Restrict the usage of Control Accounts in manual Journal Entry

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Open Interface
GL_INTERFACE To Import Journal lines from peripheral systems and Oracle Sub ledgers

GL_DAILY_RATES_INTERFACE

To Import Currency Exchange Rates from external sources

GL_BUDGET_INTERFACE

To Import Budget Journals from external sources

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Reports
Financial Statement Generator Account Analysis Accounting Set Up Manager Post-Update Diagnosis Report Consolidation Journals Report Journals Day Book Trail Balance Import Journals

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Financial Statement Generator

FSG Reports Rows

columns column set Row Set A Sales Returns Net Sales

Income Company statement PTD 3000 1000 YTD 6200 1200

2000 5000

Balance Sheet

column set Row Set B Cash Investments receivables

YTD 3000 1000

Last Y 4200 2200

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QUESTIONS ANSWERS

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