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

Consolidations


Consolidation is a process that gathers data from various ledgers into a single ledger for reporting and other related processes. In many cases companies use multiple ledgers for various reasons and at the end of the period will want to consolidate them to report in a combined manner in a single currency.

The multiple ledgers could be in different currencies and that would involve additional processes before consolidation can be completed.

The following figure is a pictorial of the tasks before you can consolidate and report:

There are multiple ways to consolidate within E-Business Suite.

You can consolidate within a ledger, where multiple company codes (normally balancing segments) are transacted. This type of consolidation does not require a separate process to be completed prior to reporting. The standard reports can be generated to show fiscal reports for each value of the balancing segment, and with parent/child values and/or rollup groups with summary accounts a consolidated...