11 Accounting Events.ppt
- 1. 1 Accounting Events R12: Oracle Financials
- 2. Module: Oracle Cash Management
- 3. 3 Accounting Events Module Objectives • Accounting Flow in Oracle Cash Management • Setting up Subledger Accounting for Cash Management
- 4. 4 Accounting Events Overview of Accounting and Cash Management Bank Account Transfers Accounting Events Accounting Program Journal Entries and Balances Cash Management SLA General Ledger Bank Statement Cash Flows
- 5. 5 Accounting Events Oracle Subledger Accounting • Oracle Subledger Accounting is a rule-based accounting engine, toolset, and repository supporting both Oracle E-Business Suite and external modules –Allows multiple accounting representations for a single business event, resolving conflicts between corporate and local fiscal accounting requirements –Retains the most granular level of detail in the subledger accounting model, with different summarization options in the General Ledger, enabling full auditability and reconciliation –Introduces a common data model and user interface across subledgers providing a single source of truth for financial and management analysis
- 6. 6 Accounting Events Oracle Subledger Accounting Integration Transactions Accounting Events Oracle Application SLA Accounting Configurations Journal Entry Setup Accounting Program Subledger Balances Subledger Journal Entries GL Journal Entries and Balances General Ledger
- 7. 7 Accounting Events Subledger Accounting Key Concepts • Event Model: definition of the subledger transaction types and lifecycle –Event Class: classifies transaction types for accounting rule purposes –Event Type: for each transaction type, defines possible actions with accounting significance • Transaction object: data model containing transaction information to be used in accounting • Source: any attribute of a transaction that can be used in defining the journal entry rules and when generating an entry
- 8. 8 Accounting Events Subledger Accounting Key Concepts in Cash Management Event Class Event Type Bank Account Transfer Bank Statement Cash Flow Create Cancel Clear Unclear Record Cancel Sources Bank Account Transfer Date Cash Flow Amount Bank Account Number other Bank Statement Date Bank Statement Number Cash Flow Amount other
- 9. 9 Accounting Events Subledger Accounting Setup and Process Define account derivation rules Define descriptions Define journal line types Ledger Setup Define journal line definitions Define application accounting definition Validate application accounting definition Define subledger accounting method Journal Entry Setup Methods and Definitions Assign subledger accounting method to ledger
- 10. 10 Accounting Events Subledger Accounting Process for Cash Management Create Bank Account Transfer Or Bank Statement Cash Flow Run Create Accounting Program Transfer Journals to General Ledger Post Journals in General Ledger
- 11. 11 Accounting Events Creating Manual Journal Entries Post Journals in General Ledger Transfer Journals to General Ledger Create Journal Entry
- 12. 12 Accounting Events Module Highlights • Describe Oracle General Ledger setup for Oracle Cash Management • Describe related setup for Payables, Receivables, and Payroll • Describe Oracle Cash Management setup