SlideShare una empresa de Scribd logo
1 de 11
Descargar para leer sin conexión
Step by step Guide

Step 2

General Ledger

Setup & Maintenance
Calendars & Currencies
Mohammed Raouf
Calendars
o
o
o
o

Calendar Types
Calendars
Validating Calendars
Special Calendars for Average Balance
Calculations

Currencies
o Enable the currencies you intend to use
o Multi-Currency [ Later]

2
Calendars

3
The most
commonly

Calendar Types
Period Types relate to how many
periods are associated with each
year. Only one period type can be
associated with each Ledger.

Add the PERIODS PER
YEAR for this Type, including
any adjusting periods you
want included in the
calendar. Adjusting periods
are used by the General
Ledger only and not any of
the subledgers. They can be
used to post Adjusting or
Audit journal entries, for
revaluation journals for
foreign currencies, and for
year-end closing journals.
Though not required.

YEAR TYPE determines how the period name will default when used
to set up a calendar, though this default can be overridden. If FISCAL
is selected, then the last two digits of the period name will default to
the fiscal year. If CALENDAR is selected, then the last two digits will
default to the From date that period pertains to

Setup | Financials | Calendars | Types

4
Calendars
Relates to the quarter of the fiscal year this month is in, and NUM
refers to the period number for this month. You must set up the
Calendar with the same number of defined periods as identified on
the PERIOD TYPES

Select ENABLE
SECURITY if you
want to secure
access to this
calendar setup
using Access Sets.
(Later)

Defines that
period as an
adjusting period,
which is the only
type of period
that can have
overlapping dates
with other
periods.

Setup | Financials | Calendars | Accounting

5
Validating Calendars
When you navigate away from the calendar form, a message will prompt you if you want to validate the Current calendar or All calendars.
Select Current if that is the only calendar you made changes to, and All if you made changes to more than one. EBS will run a report called
Other – Calendar Validation Report, which will valdiate that no periods or dates were missed (a common mistake is to skip February 29).
as once a period is used, it cannot easily be changed or deleted. Prior to the status on the period being OPEN or FUTURE, it can still be
deleted or changed. Setting up calendars is always a balancing act—you need to set them up far enough in the future to utilize all of the
standard functionality.

1

2

3

6
Special Calendars for Average Balance Calculations
Transaction Calendars are used in conjunction with Average Balances in EBS, they define the days of the week that are
business days, so the average balances can be calculated.
Average balance
processing is enabled
by selecting the
Enable Average
Balances option on
the LEDGER.
Once average balance
processing is enabled,
General Ledger
automatically stores
the aggregate
balances which are
used to calculate
average and end-ofday balances,
via on-line inquiry
and reports.

Will be explained
in detail over the
next Steps .

Setup | Financials | Calendars | Transactions Calendar

Transaction calendars and accounting calendars are completely independent of each other. For example, you might
have one accounting calendar, shared by your parent company and all its subsidiaries. However, each subsidiary
might use a separate transaction calendar to accommodate their different Holiday schedules.
7
Currencies
8
EBS has two main features for foreign currencies: the ability to record transactions in currencies other than the Ledger
currency, and the ability to perform a re-measurement of the balances into foreign currencies. Both may require either
adding or enabling the additional currencies, as well as conversion rates. [ Later ]
Here we discuss just the enable feature and how to Define a new Currency .
First of all you
query or find your
currency you want
to use, or simply
define a new one
by entering the
Code and the
Name .
You cannot
change a currency
code after you
enable the
currency, even if
you later disable
that currency

Some Oracle Applications use
currency symbols when displaying
amounts. Others, like General
Ledger, do not.

The number of digits to the
right of the decimal point
used in regular currency
transactions. 100.00

Used in calculations for
this currency.
100.12345 = 100.12

1

The smallest denomination
used in this currency
9
Enable your currency.

Used in Europe Countries

2

3

10
11

Más contenido relacionado

La actualidad más candente

Retained earnings account
Retained earnings accountRetained earnings account
Retained earnings accounthmvamsi
 
R12:Payment Process Request (PPR)
R12:Payment Process Request (PPR)R12:Payment Process Request (PPR)
R12:Payment Process Request (PPR)lingaswamy vallapu
 
GL - Step 4 - Part 1 - Ledgers & Legal Entities
GL - Step 4 - Part 1 - Ledgers & Legal EntitiesGL - Step 4 - Part 1 - Ledgers & Legal Entities
GL - Step 4 - Part 1 - Ledgers & Legal EntitiesMohammed Raouf
 
Oracle Accounting reporting sequences
Oracle Accounting reporting sequencesOracle Accounting reporting sequences
Oracle Accounting reporting sequencesAli Ibrahim
 
Uploading Data Using Oracle Web ADI
Uploading Data Using Oracle Web ADIUploading Data Using Oracle Web ADI
Uploading Data Using Oracle Web ADIRapidValue
 
Oracle Payable Complete Business flows
Oracle Payable Complete Business flowsOracle Payable Complete Business flows
Oracle Payable Complete Business flowsAdil Arshad
 
Oracle General ledger ivas
Oracle General ledger ivasOracle General ledger ivas
Oracle General ledger ivasAli Ibrahim
 
Oracle Payables R12 ivas
Oracle Payables R12 ivasOracle Payables R12 ivas
Oracle Payables R12 ivasAli Ibrahim
 
Oracle R12.1.3 Costing Overview
Oracle R12.1.3 Costing OverviewOracle R12.1.3 Costing Overview
Oracle R12.1.3 Costing OverviewPritesh Mogane
 
Oracle Purchasing – Invoice Matching Methods - Two, Three, and Four Way
Oracle Purchasing – Invoice Matching Methods - Two, Three, and Four WayOracle Purchasing – Invoice Matching Methods - Two, Three, and Four Way
Oracle Purchasing – Invoice Matching Methods - Two, Three, and Four WayBoopathy CS
 
Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...
Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...
Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...Prithis Das, PMP, OCS ☁️
 
Oracle Receivables ivas
Oracle Receivables ivasOracle Receivables ivas
Oracle Receivables ivasAli Ibrahim
 
Oracle Financials R12 - GL STEP 3 - Journal Controls
 Oracle Financials R12 - GL STEP 3 - Journal Controls Oracle Financials R12 - GL STEP 3 - Journal Controls
Oracle Financials R12 - GL STEP 3 - Journal ControlsMohammed Raouf
 

La actualidad más candente (20)

Retained earnings account
Retained earnings accountRetained earnings account
Retained earnings account
 
R12:Payment Process Request (PPR)
R12:Payment Process Request (PPR)R12:Payment Process Request (PPR)
R12:Payment Process Request (PPR)
 
GL - Step 4 - Part 1 - Ledgers & Legal Entities
GL - Step 4 - Part 1 - Ledgers & Legal EntitiesGL - Step 4 - Part 1 - Ledgers & Legal Entities
GL - Step 4 - Part 1 - Ledgers & Legal Entities
 
Oracle Accounting reporting sequences
Oracle Accounting reporting sequencesOracle Accounting reporting sequences
Oracle Accounting reporting sequences
 
Sla and cost acctg
Sla and cost acctgSla and cost acctg
Sla and cost acctg
 
Uploading Data Using Oracle Web ADI
Uploading Data Using Oracle Web ADIUploading Data Using Oracle Web ADI
Uploading Data Using Oracle Web ADI
 
Accounting in Oracle Inventory
Accounting in Oracle InventoryAccounting in Oracle Inventory
Accounting in Oracle Inventory
 
Oracle receivables
Oracle receivablesOracle receivables
Oracle receivables
 
Oracle Payable Complete Business flows
Oracle Payable Complete Business flowsOracle Payable Complete Business flows
Oracle Payable Complete Business flows
 
Oracle General ledger ivas
Oracle General ledger ivasOracle General ledger ivas
Oracle General ledger ivas
 
Oracle Payables R12 ivas
Oracle Payables R12 ivasOracle Payables R12 ivas
Oracle Payables R12 ivas
 
Oracle R12.1.3 Costing Overview
Oracle R12.1.3 Costing OverviewOracle R12.1.3 Costing Overview
Oracle R12.1.3 Costing Overview
 
Oracle Purchasing – Invoice Matching Methods - Two, Three, and Four Way
Oracle Purchasing – Invoice Matching Methods - Two, Three, and Four WayOracle Purchasing – Invoice Matching Methods - Two, Three, and Four Way
Oracle Purchasing – Invoice Matching Methods - Two, Three, and Four Way
 
Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...
Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...
Designing a Chart of Accounts and Enterprise Structure in Oracle Fusion ERP C...
 
Oracle financials theory_vol_i
Oracle financials theory_vol_iOracle financials theory_vol_i
Oracle financials theory_vol_i
 
Oracle Receivables ivas
Oracle Receivables ivasOracle Receivables ivas
Oracle Receivables ivas
 
Oracle fixed assets
Oracle fixed assetsOracle fixed assets
Oracle fixed assets
 
R12 Fixed Assets General Questions
R12 Fixed Assets General QuestionsR12 Fixed Assets General Questions
R12 Fixed Assets General Questions
 
Oracle EBS Currency conversion
Oracle EBS Currency conversionOracle EBS Currency conversion
Oracle EBS Currency conversion
 
Oracle Financials R12 - GL STEP 3 - Journal Controls
 Oracle Financials R12 - GL STEP 3 - Journal Controls Oracle Financials R12 - GL STEP 3 - Journal Controls
Oracle Financials R12 - GL STEP 3 - Journal Controls
 

Destacado

Oracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bit
Oracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bitOracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bit
Oracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bitMohammed Raouf
 
Introduction to Oracle Financials
Introduction to Oracle FinancialsIntroduction to Oracle Financials
Introduction to Oracle Financialshasan2000
 
Onofintro 090228160628-phpapp02
Onofintro 090228160628-phpapp02Onofintro 090228160628-phpapp02
Onofintro 090228160628-phpapp02Vijay Patnaik
 
Oracle R12 Multi org ivas
Oracle R12 Multi org ivasOracle R12 Multi org ivas
Oracle R12 Multi org ivasAli Ibrahim
 
Accounting Concepts And Accounting Entries In Oracle V1.0
Accounting Concepts And Accounting Entries In Oracle V1.0Accounting Concepts And Accounting Entries In Oracle V1.0
Accounting Concepts And Accounting Entries In Oracle V1.0Mahmoud Fawzy
 
Introduction to Oracle ERP
Introduction to Oracle ERPIntroduction to Oracle ERP
Introduction to Oracle ERPBalaji Parsewar
 
Oracle General Ledger
Oracle General LedgerOracle General Ledger
Oracle General LedgerDock Den
 
P2P cycle made easy
P2P cycle made easyP2P cycle made easy
P2P cycle made easyketulp
 
Oracle Purchasing R12 Setup Steps
Oracle Purchasing R12 Setup StepsOracle Purchasing R12 Setup Steps
Oracle Purchasing R12 Setup StepsAhmed Elshayeb
 
Technical terms in oracle apps explained through real time example
Technical terms in oracle apps explained through real time exampleTechnical terms in oracle apps explained through real time example
Technical terms in oracle apps explained through real time exampleMohammad Younus
 
Oracle Apps Technical – Short notes on RICE Components.
Oracle Apps Technical – Short notes on RICE Components.Oracle Apps Technical – Short notes on RICE Components.
Oracle Apps Technical – Short notes on RICE Components.Boopathy CS
 
Oracle Apps Technical Manual
Oracle Apps Technical ManualOracle Apps Technical Manual
Oracle Apps Technical ManualHossam El-Faxe
 
Oracle apps functional
Oracle apps functionalOracle apps functional
Oracle apps functionalgbalagee
 
Complete Oracle Procure to Pay Cycle
Complete Oracle Procure to Pay Cycle Complete Oracle Procure to Pay Cycle
Complete Oracle Procure to Pay Cycle mgarg82
 

Destacado (15)

Oracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bit
Oracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bitOracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bit
Oracle R12.1 Full & Tips Installation on Windows Server 2008 64/32 bit
 
Introduction to Oracle Financials
Introduction to Oracle FinancialsIntroduction to Oracle Financials
Introduction to Oracle Financials
 
Onofintro 090228160628-phpapp02
Onofintro 090228160628-phpapp02Onofintro 090228160628-phpapp02
Onofintro 090228160628-phpapp02
 
Oracle R12 Multi org ivas
Oracle R12 Multi org ivasOracle R12 Multi org ivas
Oracle R12 Multi org ivas
 
Accounting Concepts And Accounting Entries In Oracle V1.0
Accounting Concepts And Accounting Entries In Oracle V1.0Accounting Concepts And Accounting Entries In Oracle V1.0
Accounting Concepts And Accounting Entries In Oracle V1.0
 
Introduction to Oracle ERP
Introduction to Oracle ERPIntroduction to Oracle ERP
Introduction to Oracle ERP
 
Oracle General Ledger
Oracle General LedgerOracle General Ledger
Oracle General Ledger
 
P2P cycle made easy
P2P cycle made easyP2P cycle made easy
P2P cycle made easy
 
Oracle Purchasing R12 Setup Steps
Oracle Purchasing R12 Setup StepsOracle Purchasing R12 Setup Steps
Oracle Purchasing R12 Setup Steps
 
Technical terms in oracle apps explained through real time example
Technical terms in oracle apps explained through real time exampleTechnical terms in oracle apps explained through real time example
Technical terms in oracle apps explained through real time example
 
Oracle Apps Technical – Short notes on RICE Components.
Oracle Apps Technical – Short notes on RICE Components.Oracle Apps Technical – Short notes on RICE Components.
Oracle Apps Technical – Short notes on RICE Components.
 
Oracle Apps Technical Manual
Oracle Apps Technical ManualOracle Apps Technical Manual
Oracle Apps Technical Manual
 
Oracle apps functional
Oracle apps functionalOracle apps functional
Oracle apps functional
 
Oracle AP Cycle
Oracle AP CycleOracle AP Cycle
Oracle AP Cycle
 
Complete Oracle Procure to Pay Cycle
Complete Oracle Procure to Pay Cycle Complete Oracle Procure to Pay Cycle
Complete Oracle Procure to Pay Cycle
 

Similar a Oracle Financials R12 - GL STEP 2 - Calendars & Currencies

Mass tech financial concept for the beginer
Mass tech financial concept for the beginerMass tech financial concept for the beginer
Mass tech financial concept for the beginerASHRAf MOHAMMED ELHAFIZ
 
Dynamics Ax 2012 R3 financial concept for the beginer part 1
Dynamics Ax 2012 R3 financial concept for the beginer part 1Dynamics Ax 2012 R3 financial concept for the beginer part 1
Dynamics Ax 2012 R3 financial concept for the beginer part 1Mass Technology
 
Leading ledger
Leading ledgerLeading ledger
Leading ledgerVinod Vs
 
Basic settings notes of SAP FICO
Basic settings  notes of SAP FICOBasic settings  notes of SAP FICO
Basic settings notes of SAP FICOAmar Gupta
 
Budget to Actual Cuff Account
Budget to Actual Cuff AccountBudget to Actual Cuff Account
Budget to Actual Cuff Accountafarani
 
New gl-configuration-step-by-step (2)
New gl-configuration-step-by-step (2)New gl-configuration-step-by-step (2)
New gl-configuration-step-by-step (2)Erick Gutierrez
 
Features of tally - tally training in chandigarh
Features of tally - tally training in chandigarh Features of tally - tally training in chandigarh
Features of tally - tally training in chandigarh Cbitss Technologies
 
80467542 asset-closing-in-sap-fico
80467542 asset-closing-in-sap-fico80467542 asset-closing-in-sap-fico
80467542 asset-closing-in-sap-ficoSrinivas Y
 
Different Scenarios that Require a Calendar Change - Including the Indian Sta...
Different Scenarios that Require a Calendar Change - Including the Indian Sta...Different Scenarios that Require a Calendar Change - Including the Indian Sta...
Different Scenarios that Require a Calendar Change - Including the Indian Sta...eprentise
 
Chapter 2 ledgers
Chapter 2   ledgers Chapter 2   ledgers
Chapter 2 ledgers Raj vardhan
 
Foreign currency translation
Foreign currency translationForeign currency translation
Foreign currency translationANMOL GULATI
 
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, VoChapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, VoWilheminaRossi174
 
Interview ques
Interview ques Interview ques
Interview ques thysin786
 
ORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11I
ORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11IORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11I
ORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11ITejeshwar Kumar
 
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgers
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary LedgersUnleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgers
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgerseprentise
 

Similar a Oracle Financials R12 - GL STEP 2 - Calendars & Currencies (20)

6. gl theory
6. gl theory6. gl theory
6. gl theory
 
Mass tech financial concept for the beginer
Mass tech financial concept for the beginerMass tech financial concept for the beginer
Mass tech financial concept for the beginer
 
Dynamics Ax 2012 R3 financial concept for the beginer part 1
Dynamics Ax 2012 R3 financial concept for the beginer part 1Dynamics Ax 2012 R3 financial concept for the beginer part 1
Dynamics Ax 2012 R3 financial concept for the beginer part 1
 
Leading ledger
Leading ledgerLeading ledger
Leading ledger
 
Encumbrance Accounting
Encumbrance AccountingEncumbrance Accounting
Encumbrance Accounting
 
Basic settings notes of SAP FICO
Basic settings  notes of SAP FICOBasic settings  notes of SAP FICO
Basic settings notes of SAP FICO
 
Budget to Actual Cuff Account
Budget to Actual Cuff AccountBudget to Actual Cuff Account
Budget to Actual Cuff Account
 
Tfin50 1
Tfin50 1Tfin50 1
Tfin50 1
 
New gl-configuration-step-by-step (2)
New gl-configuration-step-by-step (2)New gl-configuration-step-by-step (2)
New gl-configuration-step-by-step (2)
 
Oracle Assets Period Closing
Oracle Assets Period ClosingOracle Assets Period Closing
Oracle Assets Period Closing
 
Oracle Assets Period Closing
Oracle Assets Period ClosingOracle Assets Period Closing
Oracle Assets Period Closing
 
Features of tally - tally training in chandigarh
Features of tally - tally training in chandigarh Features of tally - tally training in chandigarh
Features of tally - tally training in chandigarh
 
80467542 asset-closing-in-sap-fico
80467542 asset-closing-in-sap-fico80467542 asset-closing-in-sap-fico
80467542 asset-closing-in-sap-fico
 
Different Scenarios that Require a Calendar Change - Including the Indian Sta...
Different Scenarios that Require a Calendar Change - Including the Indian Sta...Different Scenarios that Require a Calendar Change - Including the Indian Sta...
Different Scenarios that Require a Calendar Change - Including the Indian Sta...
 
Chapter 2 ledgers
Chapter 2   ledgers Chapter 2   ledgers
Chapter 2 ledgers
 
Foreign currency translation
Foreign currency translationForeign currency translation
Foreign currency translation
 
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, VoChapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
 
Interview ques
Interview ques Interview ques
Interview ques
 
ORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11I
ORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11IORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11I
ORACLE EBS R12 GENERAL LEDGER CHANGES COMPARES WITH EBS 11I
 
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgers
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary LedgersUnleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgers
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgers
 

Último

2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources PresentationAdnet Communications
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Commonwealth
 
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTindexPub
 
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAMZakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAMFaisal834049
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESKumarJayaraman3
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfMichael Silva
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingHenry Tapper
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneurabcisahunter
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.KumarJayaraman3
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 

Último (20)

2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]
 
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
 
E-levy and Merchant Payment Exemption in Ghana
E-levy and Merchant Payment Exemption in GhanaE-levy and Merchant Payment Exemption in Ghana
E-levy and Merchant Payment Exemption in Ghana
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAMZakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
Zakat and it’s Social Benefits - THE FORGOTTEN PILLAR OF ISLAM
 
Digital Financial Services Taxation in Africa
Digital Financial Services Taxation in AfricaDigital Financial Services Taxation in Africa
Digital Financial Services Taxation in Africa
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
 
Stock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdfStock Market Brief Deck for 3/22/2024.pdf
Stock Market Brief Deck for 3/22/2024.pdf
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 

Oracle Financials R12 - GL STEP 2 - Calendars & Currencies

  • 1. Step by step Guide Step 2 General Ledger Setup & Maintenance Calendars & Currencies Mohammed Raouf
  • 2. Calendars o o o o Calendar Types Calendars Validating Calendars Special Calendars for Average Balance Calculations Currencies o Enable the currencies you intend to use o Multi-Currency [ Later] 2
  • 4. The most commonly Calendar Types Period Types relate to how many periods are associated with each year. Only one period type can be associated with each Ledger. Add the PERIODS PER YEAR for this Type, including any adjusting periods you want included in the calendar. Adjusting periods are used by the General Ledger only and not any of the subledgers. They can be used to post Adjusting or Audit journal entries, for revaluation journals for foreign currencies, and for year-end closing journals. Though not required. YEAR TYPE determines how the period name will default when used to set up a calendar, though this default can be overridden. If FISCAL is selected, then the last two digits of the period name will default to the fiscal year. If CALENDAR is selected, then the last two digits will default to the From date that period pertains to Setup | Financials | Calendars | Types 4
  • 5. Calendars Relates to the quarter of the fiscal year this month is in, and NUM refers to the period number for this month. You must set up the Calendar with the same number of defined periods as identified on the PERIOD TYPES Select ENABLE SECURITY if you want to secure access to this calendar setup using Access Sets. (Later) Defines that period as an adjusting period, which is the only type of period that can have overlapping dates with other periods. Setup | Financials | Calendars | Accounting 5
  • 6. Validating Calendars When you navigate away from the calendar form, a message will prompt you if you want to validate the Current calendar or All calendars. Select Current if that is the only calendar you made changes to, and All if you made changes to more than one. EBS will run a report called Other – Calendar Validation Report, which will valdiate that no periods or dates were missed (a common mistake is to skip February 29). as once a period is used, it cannot easily be changed or deleted. Prior to the status on the period being OPEN or FUTURE, it can still be deleted or changed. Setting up calendars is always a balancing act—you need to set them up far enough in the future to utilize all of the standard functionality. 1 2 3 6
  • 7. Special Calendars for Average Balance Calculations Transaction Calendars are used in conjunction with Average Balances in EBS, they define the days of the week that are business days, so the average balances can be calculated. Average balance processing is enabled by selecting the Enable Average Balances option on the LEDGER. Once average balance processing is enabled, General Ledger automatically stores the aggregate balances which are used to calculate average and end-ofday balances, via on-line inquiry and reports. Will be explained in detail over the next Steps . Setup | Financials | Calendars | Transactions Calendar Transaction calendars and accounting calendars are completely independent of each other. For example, you might have one accounting calendar, shared by your parent company and all its subsidiaries. However, each subsidiary might use a separate transaction calendar to accommodate their different Holiday schedules. 7
  • 9. EBS has two main features for foreign currencies: the ability to record transactions in currencies other than the Ledger currency, and the ability to perform a re-measurement of the balances into foreign currencies. Both may require either adding or enabling the additional currencies, as well as conversion rates. [ Later ] Here we discuss just the enable feature and how to Define a new Currency . First of all you query or find your currency you want to use, or simply define a new one by entering the Code and the Name . You cannot change a currency code after you enable the currency, even if you later disable that currency Some Oracle Applications use currency symbols when displaying amounts. Others, like General Ledger, do not. The number of digits to the right of the decimal point used in regular currency transactions. 100.00 Used in calculations for this currency. 100.12345 = 100.12 1 The smallest denomination used in this currency 9
  • 10. Enable your currency. Used in Europe Countries 2 3 10
  • 11. 11