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

Parents, Rollup Groups, and Summary Accounts


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...