Define Calendar

Calendar is used to identify the dates in the Accounting Transactions.

There are 2 types of calendars
1. Accounting Calendar
2. Transaction Calendar

1)Accounting Calendar: Accounting Calendar determines the periods for the year. It requires to track the transaction date. To define accounting calendar we need to define period type.

Define Currency

Currency is used for analysis and reporting the transactions of the Company.

In Oracle we have 196 Countries with 250 Currencies since some countries might have more than 1 currency, for ex Afghanistan has 2 Currencies.

If required, you can also Define new Currency.

Navigation for defining and viewing Currencies

Setup->Currencies->Define
Press F11 and Ctrl+F11 to View the Currencies defined by Oracle.

To define new Currency press Ctrl and down arrow

After defining Currency click on Save

General Ledger

Topics in General Ledger

General Ledger Consists of 4C's. (Currency, Calendar, Chart  Of Account, Accounting Conventons)
 I will discuss each C in Detail

Below are the topics in General Ledger
1. Define Currency
2. Define Calendar
3. Define COA (Chart Of Account)
4. Define Legal Entity
5. Define Ledger
6. Define Responsibility
7. Assign Responsibility to User
8. Set Profile Option to 'GL' Responsibility
9. Enter Manual Journals
10. Post Journals
11. Reverse Journals
12. Batch Journals
13. Recurring Journals
14. Foreign Journals
15. Mass Allocation Journals
16. Revaluation
17. Translation
18. Reporting Ledger
19. Secondary Ledger
20. Data Access Set
21. Definition Access Set
22. Security Rule
23. Cross Validation Rule
24. Consolidation
25. Budgets
26. Financial Statements Generator (FSG)

I will discuss each topic clearly with screenshots in my next post

Introduction

Oracle Financials consists of five modules

1.General Ledger (GL)
2.Accounts Payable (AP)
3.Accounts Receivable (AR)
4.Fixed Asset (FA)
5.Cash Management (CM)

Roles in Oracle Applications

1.Functional Consultant : Master in Subject and Business
2.Technical Consultant: Changes in Reports/Interface Development/Extensions/Customisations
3.DBA: Cloning (Maintenance of Servers/Application installations/Cloning process)