Accounting representations and the way transactional balances are maintained play a major role in reporting at the end of a period, quarter, or at year-end.
In E-Business Suite, all balances are maintained for each unique combination of values for the segments in your Chart of Accounts. This leads to a huge number of combinations and extracting and summarizing the data is a monumental task due to the possibility of every combination having a balance.
Balances are maintained in GL for the following dimensions:
Currency: Transacted and Ledger
Time: PTD, QTD, YTD, PJTD
Type: Actual, Budget, Encumbrance
Period Type: User defined (for example, Month), Average Daily
When you enable average balance processing in the General Ledger, the system calculates and stores three aggregate balances for each balance sheet account in your ledger, for every calendar day. The three amounts are the period-to-date, quarter-to-date, and year-to-date aggregate balances...