Book Image

Oracle E-Business Suite 12 Financials Cookbook

By : Yemi Onigbode
Book Image

Oracle E-Business Suite 12 Financials Cookbook

By: Yemi Onigbode

Overview of this book

Oracle EBS Financials Suite is a solution that provides out-of-the-box features to meet global financial reporting and tax requirements with one accounting, tax, banking, and payments model and makes it easy to operate shared services across businesses and regions. Have you ever wondered how the EBS Financials modules integrate with each other, and do you want to know how this is done quickly? If so, this book is for you. You may have read about what EBS financials does, but with this book on your work desk you will see how to do it. The Oracle E-Business Suite 12 Financials Cookbook will enable you to taste the core functionalities of the main modules using bite size recipes. Each recipe is organized in a way that will enable you to learn the core steps to perform in a key business scenario; it then dives deeper into concepts and scenarios. Discover scenario-based recipes, designed to help you understand how the end-to-end processes within EBS R12 Financials modules are linked together, through touch points. With each chapter, this book develops a full business end-to-end scenario to cover the financial modules. You will start by creating items in Inventory, and then purchase items in Procurement. Then you will move on to entering supplier invoices and paying them in Payables and creating and managing assets. See how items are sold and shipped to customers in Order Management, and how funds are received from customer in Receivables. Manage cash and transfer transactions to General Ledger, and then close periods.
Table of Contents (15 chapters)
Oracle E-Business Suite 12 Financials Cookbook
About the Author
About the Reviewer

Defining Subledger accounting

When we record a transaction, Oracle Subledger Accounting Method identifies the associated Journal Line Types, Account Derivation Rules, and Journal Entry Descriptions to generate accounting events based on the Event Class Type.

At the end of the period, we run the Create Accounting program to generate Subledger journals in the Subledgers. The accounting transactions are transferred by journal entries from the Subledger to the appropriate ledgers in General Ledger.

In this recipe, we will look at how to define an accounting entry for a Payable transaction. We will demonstrate how any accounting distribution entered for the Miscellaneous expense type in Payables can be changed in Subledger Accounting Method to a special account distribution of 01-CEO-7490-0000-00014 in General Ledger.

The core steps are as follows:

  • Create a Journal Type called Special Expense.

  • Setup the Journal Lines Definition for the Special Expense.

  • Create an Account Derivation Rule for the...