Book Image

Oracle E-Business Suite Financials R12: A Functionality Guide

By : Mohan Iyer
Book Image

Oracle E-Business Suite Financials R12: A Functionality Guide

By: Mohan Iyer

Overview of this book

<p>Oracle EBS Financials provide organizations with solutions to a wide range of long- and short-term accounting system issues. Oracle E-Business Suite is the most comprehensive suite of integrated, global business applications that provides the most complete, integrated business intelligence portfolio<br /><br />Oracle E-Business Suite: A Functionality Guide – helps in binding the two skill sets together – knowledge of the software and the business knowledge of the user.<br /><br />This guide contains everything you need to know to maximize your implementation payback or return on investment.<br /><br />This book starts with an overview of Oracle E-Business Suite R12 where we cover the foundation features of Oracle Financial Management modules which include Navigation within Oracle E-Business Suite Release 12, Multiple Organization Access Control (MOAC), key aspects of Application Security and much more. The book then covers in detail General Ledger, Sub Ledger Accounting, Assets, Cash Management, Treasury, E-Business Tax, and much more.</p>
Table of Contents (24 chapters)
Oracle E-Business Suite Financials R12: A Functionality Guide
Credits
Foreword
About the Author
Acknowledgement
About the Reviewers
www.PacktPub.com
Preface
Index

Accounting Setup Manager


The setup for a set of books has now changed dramatically. The set of books has been renamed to Ledgers, and the method to set up a ledger has been now been changed to a setup wizard.

Before we get into details of how we use the Accounting Setup Manager (ASM) we should review a new data element that has been around since the implementation of E-Business Suite, but has now gained an importance and prominence in the setup process.

The legal entity is now an integral part in the transactional setup in E-Business Suite and has become important in the ledger creation process.

You have to define a legal entity before you start creating a ledger in the Accounting Setup Manager. The legal entity owns all the transactions in the tables, though the ledger (the legacy set of books) and Operating Unit are still present. The legal entity importantly owns a bank account and can be transacted only for subledgers (AP, AR) that are linked through the ledger to that legal entity. Legal...