Scribd Logo
Upload

Welcome to Scribd!

  • LABP0307

    Uploaded by

    Mr. Jalil
    12 views3 pages
    The document provides instructions for defining a ledger in Oracle Application Vision. It involves the following steps: 1. Define a legal entity called XXVision Corporation with specified details. 2. Assign the legal entity to the ledger and define the ledger with a name, chart of accounts, accounting calendar, currency, and subledger accounting method. 3. Set up ledger options including first opened period, future periods, and specified accounts for retained earnings, suspense, rounding differences, and cumulative translation adjustments. 4. Set up reporting currencies and complete the ledger definition process.

    Original Description:

    Ab

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document provides instructions for defining a ledger in Oracle Application Vision. It involves the following steps: 1. Define a legal entity called XXVision Corporation with specified details. 2. Assign the legal entity to the ledger and define the ledger with a name, chart of accounts, accounting calendar, currency, and subledger accounting method. 3. Set up ledger options including first opened period, future periods, and specified accounts for retained earnings, suspense, rounding differences, and cumulative translation adjustments. 4. Set up reporting currencies and complete the ledger definition process.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    12 views3 pages

    LABP0307

    Uploaded by

    Mr. Jalil
    The document provides instructions for defining a ledger in Oracle Application Vision. It involves the following steps: 1. Define a legal entity called XXVision Corporation with specified details. 2. Assign the legal entity to the ledger and define the ledger with a name, chart of accounts, accounting calendar, currency, and subledger accounting method. 3. Set up ledger options including first opened period, future periods, and specified accounts for retained earnings, suspense, rounding differences, and cumulative translation adjustments. 4. Set up reporting currencies and complete the ledger definition process.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 3

    Practice - Define a Ledger (Required)

    Distribution
    R12 General Ledger Management Fundamentals

    Ownership
    The Job Title [list@YourCompany.com?Subject=LABxxxxx] is responsible for ensuring that
    this document is necessary and that it reflects actual practice.

    Copyright © Oracle Corporation, 2007. All rights reserved.

    Practice - Define a Ledger (Required) 723332735.doc


    Effective 04/06/04 Page 1 of 3 Rev 1
    Practice - Define a Ledger (Required)
    Overview
    In this practice, you will define a ledger.

    Assumptions
     Replace XX with your terminal number or unique number.

     You must have access to an Oracle Application Vision database or comparable training
    or test instance at your site on which to complete this practice.

    Tasks
    Define a Legal Entity

    1. (N) Setup > Financials > Accounting Setup Manager > Accounting Setups.

    2. (B) Create Accounting Setup

    3. (B) Create Legal Entity


     Territory = You choose
     Legal Entity Name = XXVision Corporation
     Organization Name = XXVision Corporation
     Legal Entity Identifier = XXSYS1000
     EIN/TIN = XX1234567
     Registration Number = You choose
     Transaction Entity = Yes

    4. Create a New Address = Selected


     You choose the address

    5. (B) Apply

    Assign a Legal Entity

    6. (B) Add Another Row


     Legal Entity = XXVision Corporation

    7. (B) Next

    Copyright © Oracle Corporation, 2007. All rights reserved.

    Practice - Define a Ledger (Required) 723332735.doc


    Effective 04/06/04 Page 2 of 3 Rev 1
    Define a Ledger

    Name Chart of Accounts Accounting Currency Subledger


    Calendar Accounting Method
    XXLedger XXAccounting XXAccounting USD Standard Accrual
    Flexfield

    8. (B) Next

    Set Up Ledger Options

    9. (B) Define Accounting Options

    10. Locate the Ledger Options setup step and select the Pencil Icon to update
     First Ever Opened Period = Dec-XX (where XX is last year)
     Future Periods = 2

    11. (B) Next


     Retained Earnings = 01.000.3310.00
     Suspense Account = 01.000.2990.00
     Rounding Difference Tracking Account = 01.400.7990.00
     Cumulative Translation Adjustment Account = 01.000.3500.00

    12. (B) Next

    13. (B) Next

    14. (B) Finish

    15. Ensure the status has a green checkmark indicating the setup step is complete.

    Set Up Reporting Currencies

    Locate the Reporting Currencies setup step and select the Pencil Icon to update

    16. (B) Complete

    17. Ensure the status has a green checkmark indicating the setup step is complete.

    18. (B) Complete

    19. (B) Yes to acknowledge the warning message

    20. Close windows until you are back at the Navigator

    Copyright © Oracle Corporation, 2007. All rights reserved.

    Practice - Define a Ledger (Required) 723332735.doc


    Effective 04/06/04 Page 3 of 3 Rev 1

    You might also like