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Flow of Accounting Entries in Oracle Applications
Flow of Accounting Entries in Oracle Applications
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6 Understanding the Accounting Flow in Oracle
Applications
6 Transaction Flow
6 Modules Covered
6 Set up required in Oracle Applications
6 Defaulting Accounts
6 Posting to General Ledger from Sub-
Sub-Ledger
6 Posting in General Ledger
6 Viewing the Trial Balance
Understanding the flow of Accounting in
Oracle Applications
à
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Transaction Flow
6 Create Opening Balances in General ledger and Subledger
6 Place Purchase order
6 Receive the Materials into Stores
6 Receive the Supplier Invoice from Supplier
6 Match the Supplier invoice with PO and make Payment
6 Issue Materials to Production
6 Complete the Production Order and Build Inventory
6 Ship the Material to Customer
6 Raise invoice on Customer
6 Receive Cash from Customer
6 Reconcile the Payment and Receipt in Cash Management
6 Post Sub Ledger Transactions into GL
6 Run Trial Balance and Financial Statements (Profit & Loss
Account & Balance Sheet
Modules Covered
6 Oracle Purchasing
6 Oracle Payables
6 Oracle Inventory
6 Oracle Manufacturing (WIP Accounting)
6 Oracle Order Management
6 Oracle Receivables
6 Oracle Cash Management
6 Oracle General Ledger
Cost Calculation
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Set up Required in Oracle Applications
6 Sub-
Sub-Ledger Accounting Entries are Transferred to General
Ledger Interface table through the Concurrent Programs
6 We can schedule the concurrent Process to Transfer Data to GL
instead of manually running the concurrent Programs.
6 You can run the Process Daily, Weekly, Monthly
6 You can transfer the data either in
Summary or (Total Transaction for an Account Combination
per day)
Detail (Each Transaction)
Posting in General Ledger
6 Oracle Purchasing
Inventory Accruals
Transfer to Sub Inventory
Purchase Price Variance
Invoice Price Variance (IPV) and Exchange
Rate Variance
Return to Supplier From Receipt of Materials
Inter
Inter--organization Transfer
Accounting Events ² Oracle Payables
6 Invoices
Invoice
Invoice adjustment
Invoice cancellation
Prepayment application
Prepayment un-
un-application
6 Payments
Payment
Future dated payment maturity
Payment adjustment
Payment cancellation
Payment clearing
Payment un-
un-clearing
Accounting Events ² Manufacturing
(WIP)
6 Oracle Inventory
Material Transfer from Stores to WIP
WIP Completions and Material Consumption
Entry
Operations Completion Entry
Finished Goods Stock Creation Entry
Inter
Inter--Org Transfer
Sub
Sub--Inventory Transfer
Accounting Events ² Order Management
6 Order Management
Cost of Goods Sold Entry in Inventory Module
Accounting Events ² Oracle Receivables
6 Transactions
Invoices
Debit Memos
Commitments
Invoices Against a Deposit
Invoice Against guarantee
Credit Memos
On Account Credit Memo
Accounting Events ² Oracle Receivables
6 Receipts
Unapplied Receipts
On account Receipt
Applied Receipt
Reverse Receipt
Charge back
Adjustments
Miscellaneous Receipts
Bills Receivables
Accounting Event ² Cash Management