Business cycles

The content:
 1- General ledger business cycle.
 2- general ledger on application.
 3- procure to pay (P2P) cycle.
 4- Order to cash (OTC) cycle.
1-open period in general ledger cycle:

-As a business concept:

It’s the beginning of the accounting period.
-As an Application:
It’s the last step in GL setup configuration & first
step in the cycle.
-GL setup configuration (manual):

 1-manage primary ledgers.

 2-specify ledger options.
 3-assign legal entity.
 4-assign balancing segment values to legal entity.
 5-review & supmit accounting configuration.
 6-Add related Rolls.
 7-manage Data access set data accsess for users.
 8-Open first period.
1- general ledger business cycle:

Open prtiod Creat import

Close period & reverse
journals

Run financial Post journals

reports
GL
Review
Review
balance &
balance &
perform
perform Run
Perform reconcilation
reconcilation revaluation
concidlation and
translation
 3-procure to pay cycle (P2P):
 1-Procurment:
 -purchasing request.
 -request for quotation (RFQ).
 -Qutations.
 -purchse order ( standard,planned,blanked & contract).
 2-supply chain:
 -received
 -inventory
 3-payables:
 -invoice.
 -payment.
 4-cash mangment:
 -Reconciliation.
 4-Order to cash cycle (OTC):

 1- Order management sales Department.

 2-financial Department Recevable department.
 3-cash management cash Department.
 4-inventory inventory department.