Financials 12: General Ledger Management Fundamentals

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Course Overview

This course will enable the super user to maximize accounting process efficiencies across the enterprise while still achieving a high level of information and setup security.

Additionally, this course will teach the fundamental improvements in Oracle General Ledger enabling students to perform simultaneous accounting for multiple reporting requirements and allow super users to access and process data for multiple ledgers and legal entities at the same time powering ledger and reporting shared services.

• Understand the steps for completing the full accounting cycle
• Understand the various implementation considerations
• Understand how Oracle General Ledger integrates with the eBusiness Suite of applications

Audience

• End Users
• Functional Implementer
• Project Manager

Prerequisites

• Understand how to navigate Oracle Applications
• Possess accounting knowledge
• 11i eBusiness Suite Essentials for Implementers

Skills Gained

• Identify the steps required to complete the accounting cycle
• Describe the implementation considerations
• Understand how Oracle General Ledger integrates with the eBusiness Suite of applications

Course Outline

Oracle General Ledger Process

• Understanding the General Ledger Functions and Features
• Analyzing the General Ledger Accounting Cycle
• Reviewing General Ledger Integration Points
• Generating Standard Reports and Listings

Accounting Setup Manager

• Understanding the required Accounting Setups
• Describing Reporting Currencies
• Describing Accounting Setup Considerations

Ledger

• Describing the Elements Required to Define Ledgers
• Identifying Attributes, Options and Settings to Define the Accounting Flexfield
• Defining an Accounting Calendar

Basic Journal Entries

• Describing how Journal Entries are Positioned in the Accounting Cycle
• Identifying the Types of Journal Entries
• Creating Manual Journal Entries
• Posting Journal Entries
• Performing Accounting Inquiries
• Performing Drilldowns to Oracle Sub-ledger applications
• Creating Reversing Entries

Using Accounting Setup Manager

• Creating Accounting Setups
• Creating Accounting Setup Structures
• Completing Accounting Options
• Analyzing Reporting Currencies

Summary Accounte

• Understanding how Summary Accounts are used in General Ledger
• Defining Rollup Groups for Creating Summary Accounts
• Assigning Parent Values to Rollup Groups
• Entering Summary Account Templates
• Discussing Implementation Considerations

Advanced Journal Entries

• Understanding Advanced Journal Entries Functions
• Understanding the Business Benefits of Advanced Journal Entries
• Understanding Recurring Journals
• Understanding Mass Allocation Journals
• Understanding Auto-Allocations
• Understanding Journal Scheduling
• Understanding Journal Approval

Advanced Security

• Describing Data Access Security for Legal Entities and Ledgers
• Understanding Management Reporting and Security

Financial Budgeting

• Understanding Anatomy of a Budget
• Completing the Budget Accounting Cycle
• Discussing Budget Entry Methods
• Uploading Budget Amounts
• Transferring Budget Amounts
• Freezing and Unfreezing Budget Amounts

Multi Currency

• Defining Foreign Currencies
• Entering Foreign Currency Journals
• Revaluing Foreign Currency Balances
• Translating Balances Into Foreign Currency

Consolidations

• Identifying Consolidations Across the General Ledger Business Process
• Understanding Key Implementation Issues Across Consolidations
• Understanding the Global Consolidation System
• Defining the Elements of the Consolidation Workbench

Period Close

• Understanding the Accounting Cycle
• Understanding Steps in the Close Process
• Performing Journal Import of Sub-ledger Balances
• Generating Revaluation
• Understanding the Closing Period
• Consolidating Account Balances

Financial Reporting

• Identifying Financial Reporting Across the General Ledger Business Process
• Understanding Basic Report Building Concepts
• Understanding the Financial Statement Generator
• Generating Financial Reports using the Standard Request Submission Form

Follow On Courses

• R12 Oracle Payables Management Fundamentals

Financials 12: General Ledger Management Fundamentals / D49193GC10