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

Accruals


Accruals are generated at period end or immediately when the material is received. Typically, inventory items are accrued when they are received, and this is configured in the purchasing options. A single account accumulates the accruals. You can choose a different account for inventory accruals and expense accruals. Expense accruals are generated at period end if they were received, but not invoices.

Inventory accruals are done at the time of receipt, which means that as you receive material that is stocked in inventory (identified by the destination type Inventory), the accounting entry will be made when it is received and delivered.

The destination type is defaulted to inventory if you choose an item that is stockable, and cannot be changed. If you choose any other line type, modify, or use an item description, the destination type will default to Expense in most cases.

On the other hand, accrual for expense items is configurable based on the three receipt accrual methods:

  • None,...