Oracle General Ledger Management Fundamentals

This R12.2 Oracle General Ledger Management Fundamentals will help you maximize accounting process efficiency across the enterprise, while still achieving a high level of information and setup security.
It will teach you how Oracle General Ledger integrates with the eBusiness Suite of applications.
You will also develop a deeper understanding of Oracle General Ledger.
Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time.
This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.
Ensure a smooth, rapid implementation of Oracle General Ledger.
Better understand the steps for completing the full accounting cycle, how Oracle General Ledger integrates with other E-Business Suite applications, as well as set-up considerations, so that you can make improved decisions during your implementation.
Optimize the set-up of Oracle General Ledger to help your organization standardize accounting policies and processes while complying with global regulatory requirements and trains end users to fully utilize all the features of Oracle’s General Ledger.

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

Ledger – Part 1

Describing the Elements Required to Define Ledgers
Identifying Attributes, Options and Settings to Define the Accounting Flex field
Define Identify the attributes, options and settings required to define the Accounting Flex field
Define an Accounting Calendar
Enable Predefined Currencies
Create Accounting Setous
Explain Reporting Currencies
Define Accounting Options

Ledger – Part 2

Describe Segment Value Inheritance
Define Flexfield and Cross Validation Security Rules
Define Shorthand Aliases
Utilize the Account Hierarchy Manager

Advanced Security

Describe Data Access Set Security
Describe Management Reporting and Security

Basic Journal Entries

Describe How Journal Entries are Positioned in the Accounting Cycle
Identify the Types of Journal Entries
Create Manual Journal Entries
Post Journal Entries using Various Posting Options
Perform Account Inquiries
Identify the Key Elements of Web Applications Desktop Integrator (Web ADI)
Run the Create Accounting Program
Describe Importing Journal Entries

Summary Accounts

Discuss Summary Accounts and How They are used in General Ledger
Define Roll up Groups for Summary Account Creation
Assign Parent Values to Roll up Groups
Determine the number of Summary Accounts Created by a Template using a Specific Formula
Enter Summary Account Templates to Create Summary Accounts
Maintain Summary Accounts
Discuss Key Implementation Considerations in Planning Summary Accounts

Advanced Journal Entries

Describe Advanced Journal Entries
Identify the Key Issues and Considerations when Implementing the Advanced Journal Entry functions of Oracle General Ledger
Explain the Business Benefits Derived from utilizing Oracle General Ledger’s Advanced Journal Entries Functions

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

What you will learn

Understand the steps for completing the full accounting cycle, as well as the ledger concept.
Describe the various implementation considerations.
Use the capabilities of securing data within Oracle General Ledger.
Perform simultaneous accounting for multiple reporting requirements.
Access and process data for multiple ledgers and legal entities at the same time using the power of ledger sets.
Understand how Oracle General Ledger integrates with the e Business Suite of applications
Understand the steps for completing the full accounting cycle

Audience profile

End User
Implementer
Manager

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