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Global Accounting Engine
Global Accounting Engine
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Global Accounting Engine
Education
Rossella Piccirilli Feb 2010
Learning Objectives
2
Agenda
3
Functional Agenda
4
Features Summary
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Global Accounting Engine
Integrates with Receivables Payables and Inventory
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Global Accounting Engine General Architecture
Global Accounting Engine
AX
Transactions
Event
translation
and posting
to GL
GL Posting
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Major Features
Multiple Accounting Representations – AX allows Multiple accounting
representations and enable corporations to design and implement global
accounting policies independently from considerations that apply to
subsidiaries operating in other countries, or in highly regulated vertical
markets.
Analytical Criteria – Analytical criteria enables users to easily report, inquire
and analyze financial and operational data across subledger applications.
Inquiries, Drilldown and Reporting – The Global Accounting Engine
Architecture provides detailed subledger accounting reports and inquiries that
satisfy local fiscal and business requirements for detailed reconciliation
between subledger transactions and General Ledger.
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Key Concepts
Event Model: AX Event Type: for each transaction type, defines possible
actions with accounting significance
Synchronous posting: possibility to post journals from subledgers to more than
one set of books. The functionality ensures that either journals are posted to
all set of books or to none
Accounting drilldown: like for subledger tranfer program it is possible to
drilldown inquiry from subledgers to GL and viceversa
Global Accounting Engine provides a process for closing periods that ensures
a complete and gapless numbering is generated as required in some
countries
Print specific reports that comply with local statutory requirements (Italian
Journal Book)
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Key Concepts: Event Types
Event types are seeded data which the Global Accounting Engine uses to
classify and translate events into subledger accounting entries.
Translation schemes are linked to event types and are a component of the
rule set that you assigned. The translation schemes tell the Global
Accounting Engine how to translate event types into accounting entries.
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Key Concepts: Event Types
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Key Concepts: Events vs Categories
Predefined events have to be assigned to Journal categories in order
to have the correct sequence assignment.
Translation schemes are predefined in the system
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Functional Deep Dive Agenda
13
Business Objectives
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Business Benefits
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Business Benefits
Oracle Payables
Global
Accounting
Analytics
Engine
Oracle Inventory
Detailed journal entries
reference information
Consistent balances Regulatory
Reporting
On-line inquiries
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AX Posting Daily User Interaction
System Options
Accounting
Options
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Subledger Accounting Deep Dive Agenda
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Demo: Global Accounting Engine
Payables
1. Enter an invoice and validate it
2. AX posting to GL
3. View AX journal entry and t-account
4. Query entry in GL and drill back to AX entry and to invoice
5. Main reports
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Demo Global Accounting Engine
2. Run AX Payables posting Use the specific AX
Subledger responsibility
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Demo Global Accounting Engine
2. AX Posting to GL: Check the Posting Manager results
If no transactions are
available for posting the
GL Journal Import will
complete with warning
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Demo Global Accounting Engine
3. View AX Journal Entry and T - Account
A valid document
The invoice has to be sequence has to be
accounted assigned (it happens
during invoice validation)
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Demo Global Accounting Engine
3. View AX Journal Entry and T - Account
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Demo Global Accounting Engine
3. View AX Journal Entry and T - Account
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Demo Global Accounting Engine
3. View AX Journal Entry and T – Account – Journal Entry Details
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Demo Global Accounting Engine
4. Query Entry in GL and drill back
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Demo Global Accounting Engine
5. Main reports
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Subledger Accounting Deep Dive Agenda
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Implementation Considerations
Setup for Global Accounting Engine to be done at SOB level and subledger
level
Document sequences assignments are a setup prerequisite
Multiple posting option
Who can submit AX Payables and AX Receivables posting
Setup a legal sequence for Statutory reporting
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Implementation Considerations
Setup steps - prerequisites
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Implementation Considerations
Setup steps - prerequisites
3. Classify subledger accounts as control accounts for reconciliation reports
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Implementation Considerations
Setup steps - prerequisites
5. Legal Sequencing program
Accounting entries can be both translated by the Global Accounting Engine as well as
manually entered into General Ledger,
Accounting entries are assigned original accounting sequence
numbers at different times, depending on the situation
In each case, accounting sequence numbers are based on
dates other than the accounting date.
The Legal Sequencing program assigns final accounting sequence numbers,
based on the accounting date, to your subledger accounting entries in the Global
Accounting Engine. With the Legal Sequencing program, the accounting sequence
numbers that are assigned to your transactions are unique and gapless within a set
of books.
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Implementation Considerations
Setup steps
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Implementation Considerations
Setup steps
Setup legal sequencing
1. Setup Subledger options options
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Implementation Considerations
Setup steps
Associate a specific
category to all events/or
more categories to
segregate by different
sequences
Link categories the
window will open
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Implementation Considerations
Setup steps
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Implementation Considerations
Setup steps
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Subledger Accounting Deep Dive Agenda
38
Troubleshooting
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Troubleshooting: Diagnostics
Global
Accounting
Engine
Program
Concurrent
programs AX tables
outputs
Microsoft Word
Document
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Troubleshooting steps
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Global Accounting Engine: Debrief
What happened?
What did you learn?
How can it be applied?
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Summary
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Questions and Discussions
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