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Flow of Accounting Entries in Oracle Applications-1
Flow of Accounting Entries in Oracle Applications-1
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Agenda
Understanding the Accounting Flow in Oracle Applications Transaction Flow Modules Covered Set up required in Oracle Applications Defaulting Accounts Posting to General Ledger from Sub-Ledger Posting in General Ledger Viewing the Trial Balance
Receivables
Purchasing
Payables
Assets
SAP
Interfaces with GL
General Ledger
Transaction Flow
Create Opening Balances in General ledger and Subledger Place Purchase order Receive the Materials into Stores Receive the Supplier Invoice from Supplier Match the Supplier invoice with PO and make Payment Issue Materials to Production Complete the Production Order and Build Inventory Ship the Material to Customer Raise invoice on Customer Receive Cash from Customer Reconcile the Payment and Receipt in Cash Management Post Sub Ledger Transactions into GL Run Trial Balance and Financial Statements (Profit & Loss Account & Balance Sheet
Modules Covered
Oracle Purchasing Oracle Payables Oracle Inventory Oracle Manufacturing (WIP Accounting) Oracle Order Management Oracle Receivables Oracle Cash Management Oracle General Ledger
Cost Calculation
FG/Sub Assembly
Total Cost
Item Cost
Operations Cost
Routing Operations
Production / Service Departments Rate X Usage
Department Resources
Usage
Rate
Payments
Payment Future dated payment maturity Payment adjustment Payment cancellation Payment clearing Payment un-clearing