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

Journal entries


Journal entry transaction processes have not changed much. A couple of differences in some of the functionality that can be managed within a journal have been introduced.

Journal entries are typically made at the end of the month to make adjustments to specific balances before financial reports can be generated and distributed.

Journals are always batched, even if you do not choose to use a batch to begin with; the journal name becomes the batch name and the batch contains one journal. You can track the number of journals and the total amount if you use batches, for easier control.

When you enter a journal—either from a batch or an individual journal—you specify the Period, Category, and a Description; a journal can have only one category, and belongs to a single period.

Once you have entered the relevant information on the Header, you can enter any number of lines for a journal. As long as the debits and credits are equal the journal can be saved but cannot be posted. (You...