oracle e-business suite r12.1 general ledger overview...

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Key Content Contributors

Contributing Companies



Module: Oracle General Ledger

Oracle General Ledger Process

Accounting Setup Manager

Ledger

Basic Journal Entries

Accounting Setups

Summary Accounts

Advanced Journal Entries

Bootcamp Objectives



Advanced Journal Entries

Advanced Security

Financial Budgeting

Multi-Currency

Consolidations

Period Close

Financial Reporting

Section Objectives

• Concepts & Ledger Processing Options

• Secondary Ledgers & Reporting Currencies

• Accounting Setups with One, Multiple and No Legal Entities



What is Accounting Setup Manager?

• Centralized method of

defining and maintaining

accounting structure

aligned with the business

needs!



needs!

• Single Page for accounting

setup!

Accounting Setup Manager Components

• Legal Entity

• Primary Ledger

• Secondary Ledger

• Reporting Currencies



• Reporting Currencies

Ledger Processing Options

This table is an example of ledger attributes for a global company that has four

legal entities – two in US one in the U.K. and one in the France



Concepts: Primary Ledger

• Primary Ledger is the main record-keeping ledger.

• Defined by 4 C’s:

– Chart of Accounts

– Accounting Calendar



– Primary Currency

– Subledger Accounting Method

• One Primary Ledger is required for each accounting setup.

Section Objectives






Concepts: Secondary Ledger

• It is an optional, additional accounting representations of the primary

ledger.

• Secondary ledgers are used for supplementary purposes, such as

consolidation, statutory reporting, or adjustments for one or more

legal entities within the same accounting setup.

• Can differ in one or more C’s of the primary ledger:– Chart of Accounts



– Chart of Accounts

– Accounting Calendar

– Primary Currency

– Subledger Accounting Method

• Maintained at 4 different levels:– Subledger Level: Use SLA for Automatic Maintenance

– Journal Level: Use Posting for Automatic Journals Replication

– Balances Level: Use GL Consolidation to Transfer Balances

– Adjustments Only: Manual Adjustments in GL or Automated Adjustments

from SLA

Concepts: Reporting Currencies

• Used for accounting and reporting in another currency (in addition to

the ledger’s primary currency).

• Can be used with Primary or Secondary ledgers.

• One Primary Ledger is required for each accounting setup.

• Maintained at 3 different levels:



• Maintained at 3 different levels:

– Subledger Level: Use SLA for Automatic Maintenance

– Journal Level: Use GL Posting

– Balances Level: Use GL Translation

If difference is

only currency,

US GAAP

4Cs of a Primary Ledger If one or more of the following are different,

Concepts: Reporting Currencies



Use a Secondary Ledger

CurrencyCorporate

Chart of accounts

Monthly

Calendar

Accounting

Method

US GAAP

Accrual

Use Reporting

Currencies

Section Objectives






Accounting Setups with One, Multiple and

No Legal Entities




No Legal Entities



Concepts: Legal Entity (LE) Implementation Models

• 1 : Many

– LE are mapped to the Balancing Segment Value (BSV) within a Ledger,

hence, multiple LE are accounted for in a ledger.

– An OU will have one Ledger assigned, hence, transactions for many LE

are processed and accounted in a single OU.

• 1 : 1 : 1



– A single LE is mapped to a Ledger.

– An OU will have one Ledger assigned, therefore, transactions for a single

LE are processed and accounted in the OU.

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