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Period End Procedures - Oracle Financials EBS

This document provides information about an Oracle E-Business Suite Financials R12 training taking place from September 11-23. The training will cover topics including an overview of Oracle Applications R12, general ledger, accounting setup manager, journal entries, financial budgeting, multi-currency, global consolidation and intercompany systems, and period close and financial reporting. It notes that the period close process has changed between R11i and R12 due to the subledger accounting architecture, and that pre-requisite checks for the SLA close process include completing transactions, creating accounting, reconciling transactions, posting to the general ledger, reconciling accounting, and closing periods. It also includes a diagram showing period end close dependencies between different modules.

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Steffi Steven
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388 views7 pages

Period End Procedures - Oracle Financials EBS

This document provides information about an Oracle E-Business Suite Financials R12 training taking place from September 11-23. The training will cover topics including an overview of Oracle Applications R12, general ledger, accounting setup manager, journal entries, financial budgeting, multi-currency, global consolidation and intercompany systems, and period close and financial reporting. It notes that the period close process has changed between R11i and R12 due to the subledger accounting architecture, and that pre-requisite checks for the SLA close process include completing transactions, creating accounting, reconciling transactions, posting to the general ledger, reconciling accounting, and closing periods. It also includes a diagram showing period end close dependencies between different modules.

Uploaded by

Steffi Steven
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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WELCOME

ORACLE E-BUSINESS SUITE FINANCIALS R12 TRAINING Sep 11th Sep 16th Sep 18th Sep 23rd

TOPICS
Overview of Oracle Applications R12 General Ledger Accounting setup manager Using accounting setup manager Basic Journal entries Summary of accounts Advanced Journal entries Advanced security Financial Budgeting Multi-currency Global Consolidation System Global Intercompany System Period close Financial Reporting

Period End Procedures Oracle Financials EBS

Process Change
Due to the impact of the Subledger Accounting Architecture the close process has changed between Release 11i and Release 12. In Release 11i the transactions and distributions represented the accounting . In Release 12 however, distributions on transactions in subledgers are considered to be the default accounting. In Release 11i, when you close your periods in each of the subledgers, Oracle General Ledger will automatically create the balancing lines for journals posted to General Ledger. This changes in Release 12 as subledger accounting creates the balancing lines at the time you account for the subledger transactions.

Pre-requisite Checks SLA Close process


Complete transactions Create accounting Reconcile transactions Post to General Ledger Reconcile accounting Close period

Period End Close Dependencies


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