chapter 2 - oracle project fundamentals ledgers and currencies

8/11/2019 Chapter 2 - Oracle Project Fundamentals Ledgers and Currencies

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ContentsLedgers and Currencies..........................................................................................2

Overview and Defning a Ledger.........................................................................2

Integration with Subledger accounting...............................................................2

Currencies...........................................................................................................3

Reporting Currencies...........................................................................................3

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Screen2%"Seg&ents.#pg....................................................................................$

Screen3 'ccountingSetup2.#pg..........................................................................(

Screen$ 'ccountingSetup3.#pg..........................................................................(

Screen('ccountingSetup(.#pg...........................................................................(

)low 1 * Defne a Ledger..................................................................................... +

)low 2 * ,nabling Currencies...............................................................................-

)low 3 * Reporting Currenc................................................................................-

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Ledgers and CurrenciesTitle Ledgers and Currencies

Subtitle Ledgers are defned when accounting setup is created in 'ccountingSetup anager.

,nabling Currencies is one o4 the steps to setup Oracle 'pplicationLedger.

Reason Oracle 5ro#ects integrates with Oracle 6eneral Ledger via Oracle

Subledger 'ccounting.

7hese Ledgers enable ou to update our 6eneral Ledger with

Oracle 5ro#ects activit.

,nabling currencies will enable ou to process transactions in

&ultiple currencies.

Explanation In this chapter ou8ll learn the 4unda&entals and steps associated indefning the Ledgers and enabling currencies.

Remarks

Picture1

Picture2

Overview and Defning a Ledger

Name Overview and Defning a Ledger

From Date

To Date

From Release

To Release

Explanation Setting up Oracle 'pplication Ledger is crusial because Oracle 5ro#ectactivities are updated to the 6eneral Ledger using these ledgers.

)ollowing steps are to be per4or&ed to set up a ledger.

Defne a Chart o4 'ccounts 9CO':

Defne an 'ccount Calendar

,nable currencies

Defne a Subledger accounting &ethod

Defne a Ledger

'ssign Ledger to a responsibilit using the 6L Ledger ;a&e5rofle Option

Link1Link2

Integration with Subledger accounting

Name Integration with Oracle Subledger accounting

From Date

To Date

From Release

To Release

Explanation Release 12 introduces a new &odule< Subledger 'ccounting 9SL':< 4or&anaging accounting across subledger transactions. =ith theintroduction o4 SL'< 5aables will no longer create accounting entries


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but will instead rel on the central SL' engine to do so.

During the upgrade< accounting options and their settings< and thee>isting accounting entries in the 5aables data &odel are &oved tothe new SL' accounting data &odel. 'lso during the upgrade< 5aablessets up SL' to replicate the accounting created b 5aables in Release

11i.Link1

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Currencies

Name Currencies

From Date

To Date

From Release

To ReleaseExplanation ,nabling Currencies

Oracle 5ro#ect allows &ultiple currencies that &eans ou can defne adi"erent pro#ect curren 4or each pro#ect. 'n active currenc that isdefned in 6eneral Ledger can be used and that currenc &ust beenabled be4ore it is assigned to an pro#ect. 7his currenc can bedi"erent 4ro& the 4unctional currenc o4 the operating unit that ownsthe pro#ect.

,>change Rates

,>change rates and ,>change tpes are setup and &aintained in6eneral Ledger. Oracle 5ro#ects converts the currenc to 4unctional andpro#ect currenc i4 the currenc used in transaction is di"erent 4ro& the4unctional and pro#ect currenc. Oracle 5ro#ects frst deter&ines thee>change rate tpe and e>change rate date inorder to convert thistransaction currenc.

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Reporting Currencies

Name Reporting Currencies

From Date

To Date

From Release

To Release

Explanation ,ver ledger is defned with a currenc which will serve as a pri&arrecord !eeping currenc. 7o &aintain &ultiple reporting currencies 4orreport accounting records< then &ore currencies can be defned 4or theledger.

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Screen1: kf.jpg

Navigation

Path

Setup ? )le>felds ? %e ? Seg&ents

Position1 In 7itle * feld

Title ;a&e o4 the %e )le>feld

Text 6ive a na&e to the %))

Position2 In Description * feld

Title Description 4or the %))

Text So&e description 4or the %))

Position3 Chec! bo> @ 'llow Dna&ic Inserts

Title 'llow Dna&ic Inserts

Text Ae4ore Seg&ents are assigned< enable the 'llow Dna&ic Inserts until'ccounting Setups are done

Position4 On button - SegmentsTitle 'ccounting Structure 9Seg&ents:

Text Create each Seg&ents as per the structure.

Screen2:KfSegments.jpg

NavigationPath

Setup ? )le>felds ? %e ? Seg&ents

Position1 Le4t o4 SeB ;u&ber

Title SeBuence ;u&ber

Text 6ive a SeBuence nu&ber to each o4 the Seg&ents< ,> 1Position2 In the ;a&e * feld

Title ;a&e o4 the Seg&ent

Text 6ive a ;a&e to the Seg&ent< ,> Co&pan

Position3 In the =indow 5ro&pt * feld

Title =indow 5ro&pt

Text 6ive a =indow 5ro&t which user sees< ,> Co&pan

Position4 In the Colu&n *feld

Title Choose Seg&ent

Text Choose a seg&ent 4or this colu&n. , Seg&ent1

Position5 In the alue Set * feld

Title Select a alue Set

Text Select a alue set 4or this Sege&ent

Position6 Chec! Ao>es @ DiscplaedE,nabled

Title Chec! the DiscplaedE,nabled chec! bo>es

Text Chec! the DiscplaedE,nabled chec! bo>es

Screen3: AccountingSetup2.jpg

Navigation

Path

Setup?)inancials?'ccounting Set up anager?'ccounting Setups

Position1 On Autton * Create 'ccounting SetupTitle Create 'ccounting Setup


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Text Clic! Create 'ccounting Setup

Screen4: AccountingSetup3.jpg

NavigationPath


Position1 On Autton @ Create Legal ,ntit

Title Create Legal ,ntit

Text Clic! Create Legal ,ntit< i4 one does not e>ist.

Screen5:AccountingSetup5.jpg

NavigationPath


Position1 Le4t o4 ;a&e

Title ;a&e o4 the Ledger

Text Choose a ;a&e 4or the Ledger

Position2 In the feld @ Chart o4 'ccounts

Title Chart o4 'ccounts

Text Choose Chart o4 'ccounts

Position3 In the feld* 'ccouting Calendar

Title 'ccouting Calendar

Text Choose a 'ccounting Calendar

Position4 In the feld * Currenc

Title Currenc

Text Choose the Currenc

Position5 In the feld @ Subledger 'ccouting ethodTitle Subledger 'ccouting ethod

Text Choose Subledger 'ccouting ethod


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Flow 1 - Defne a Ledger

Title Defne a Ledger

Description 7he 4ollowing are the &a#or steps per4or&ed 4or a Ledger creation

1. Defning 'ccounting )le>feld2. Defning Legal ,ntit3. Defning Ledger$. Co&pleting &andator 'ccounting Options(. 'ssigning a Ledger to a Responsibilit

Step1

Title Responsibilit

Text Responsibilit F 5ro#ects< ision Services 9GS':

Picture Ho&epage.#pg

Step2

Title Defne 'ccounting )le>ifel

Text ;avigate to Setup ? )le>felds ? %e ? Seg&ents

Picture %".#pg

Step3

Title Defne Legal ,ntit

Text ;avigate to Setup ? )inancials ? 'ccounting Setup anager ?'ccounting Setups

Clic! 'ccounting Setups

Clic! Create 'ccounting Setup button

Clic! Create Legal ,ntit button

Picture 'ccoutingSetup3.#pg

Step4

Title Defning a LedgerText ;avigate to Setup ? )inancials ? 'ccounting Setup anager ?'ccounting Setups



Picture 'ccoutingSetup(.#pg

Step5

Title Defne 'ccounting Options




Picture


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Flow 2 - nabling Currencies

Title ,nabling Currencies

Description 'n active currenc that is defned in 6eneral Ledger can be used and

that currenc &ust be enabled be4ore it is assigned to an pro#ect.

Step1

Title Responsibilit



Step2

Title ,nabling Currencies in the 'ccounting Setup



Flow ! - Reporting Currenc"

Title Reporting Currenc

Description 'dding Reporting Currenc

Step1

Title Responsibilit



Step2

Title Report Currenc SetupText ;avigate to Setup ? )inancials ? 'ccounting Setup anager ?

'ccounting Setups



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chapter 2 - oracle project fundamentals ledgers and currencies

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