fa to gl reconciliation
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Reporting – Reconciling
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Reporting – ReconcilingAssets to General Ledger
(Oracle EBS – Assets)
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High-Level Overview
Asset Reconciliation Theory Asset to General Ledger Reconciliation
– Asset Reports
– General Ledger Reports
Reconciliation Process
Asset to General Ledger Reconciliation Reports
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Asset to General Ledger Reconciliation Reports– Asset Cost
– CIP Cost– Accumulated Depreciation
– Depreciation Expense
Asset Detail Extract
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Asset ReconciliationTheory
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Theory
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Asset Reconciliation Theory
Oracle Assets uses a top-down, pyramid approach to reconciling assets. This approachallows you to reconcile without having to generate transaction detail reports.
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Asset Reconciliation Theory
Assets will be reconciled to the General Ledger at the Summary Level. If and only ifthere is a reconciliation issue the Detail Level would be used. If the Detail Level does notreconcile, then the Transaction Level would be used.
Summary Reports (Reports by Cost Center and Account): Cost Summary
CIP Summary
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Reserve Summary
Detail Reports (Reports by Cost Center, Account, and Asset): Cost Detail CIP Detail
Reserve Detail
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Assets to General LedgerReconciliation
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Reconciliation
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Assets to General Ledger Reconciliation
General Ledger Setups to Reduce Reconciliation Errors:
1. Freeze Asset Journals
2. Security – Do not allow access to Asset Accounts
Set Validation Set to allow security rules
Set Segment to allow security rules
Define security rules
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Define security rules
Assign security rules Test security rules
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Assets to General Ledger Reconciliation
1. Freeze Asset Journals
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Assets to General Ledger Reconciliation
2. Security – Do not allow access to Asset Accounts Set Validation Set to allow security rules
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Assets to General Ledger Reconciliation
2. Security – Do not allow access to Asset Accounts Set Segment to allow security rules
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Assets to General Ledger Reconciliation
2. Security – Do not allow access to Asset Accounts Define security rules
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Assets to General Ledger Reconciliation
2. Security – Do not allow access to Asset Accounts Assign security rules
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Assets to General Ledger Reconciliation
2. Security – Do not allow access to Asset Accounts Test security rules
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Assets to General Ledger Reconciliation
Asset Reports used in Reconciliation:
Summary Reports (Reports by Cost Center and Account): Cost Summary CIP Summary
Reserve Summary
Detail Reports (Reports by Cost Center, Account, and Asset):
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Cost Detail
CIP Detail
Reserve Detail
Transaction Reports: Additions
Cost Adjustment
Retirements
Reclassification Transfer
Reserve Adjustments Asset Reconciliation Reserve Ledger
Journal Entry Reserve Ledger
CIP Capitalization CIP Assets
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Assets to General Ledger Reconciliation
General Ledger Reports used in Reconciliation:
Reports: Trial Balance Trial Balance - Detail
General Ledger – (132 Char)
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Reconciliation Process
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Reconciliation Process
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Reconciliation Process
Reconciliation Process Includes the following steps:1. Generate Summary Reports from Oracle Assets
Cost Summary Report
Reserve Summary Report CIP Summary Report
2. Generate Reports from Oracle General Ledger
Trial Balance Report (include all accounts) OR
Trial Balance – Detail Report (include all accounts) OR
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General Ledger (132 Char) Report (determine accounts to show on report)
Account Range for Asset Cost
Account Range for Asset Reserve
Account Range for Asset Depreciation Expense Account Range for CIP Cost
3. Match reports to reconcile
Manually Tick and Tie Download into Excel (use v-lookup or other formulas)
4. If needed – Run lower level reports from Oracle Assets to assist in any variances between Oracle Assets and OracleGeneral Ledger
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Reconciliation Process
Reconciliation Asset Cost:
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Reconciliation Process
Reconciliation Asset Clearing:
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Reconciliation Process
Reconciliation Asset Reserve:
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Reconciliation Process
Reconciliation Asset Depreciation Expense (Month):
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Reconciliation Process
Reconciliation Asset Depreciation Expense (YTD):
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Reconciliation Process
Reconciliation CIP Cost:
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Reconciliation Process
Reconciliation CIP Clearing:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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Reconciliation Process
Oracle Seeded Reports:
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AutomatedReconciliation Process
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Reconciliation Process
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Automated Reconciliation Process
Eliminate the tying out of Oracle Assets to Oracle General Ledger – add a top level to theOracle Reporting top-down / pyramid theory:
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Automated Reconciliation Process
Generate Reports that capture Oracle Assets balances and compares them to the OracleGeneral Ledger balances and identifies variances:
Oracle FA to GL Reconciliation Reports: Asset Clearing Asset Cost
Asset Reserve
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CIP Clearing
CIP Cost Depreciation Expense (Monthly)
Depreciation Expense (YTD)
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Clearing Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Cost Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Reserve Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation CIP Clearing Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation CIP Cost Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report
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Automated Reconciliation Process
Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (YTD) Report
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Automated Reconciliation Process
Reconciliation Process Includes the following steps:1. Generate Automated Reconciliation Reports from Oracle Assets
Oracle FA to Oracle General Ledger Asset Cost Reconciliation Report
Oracle FA to Oracle General Ledger Asset Clearing Reconciliation Report (If needed – depends on setups) Oracle FA to Oracle General Ledger CIP Cost Reconciliation Report (If needed – depends on setups)
Oracle FA to Oracle General Ledger CIP Clearing Reconciliation Report (If needed – depends on setups)
Oracle FA to Oracle General Ledger Asset Reserve Reconciliation Report
Oracle FA to Oracle General Ledger Asset Depreciation Expense (Month) Reconciliation Report
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Oracle FA to Oracle General Ledger Asset Depreciation Expense (YTD) Reconciliation Report
2. If needed – Run lower level reports from Oracle Assets to assist in any variances between Oracle Assets and OracleGeneral Ledger
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