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EBS R12 Period End Procedures

EBS R12 Period End Procedures

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Oracle Financials E-Business Suite, Release 12 Period End Procedures
i
O
RACLE
F
INANCIALS
 E-B
USINESS
S
UITE
,
RELEASE
12
 
PERIOD-END PROCEDURESAn Oracle White PaperCreated: June 2009Updated: 08-JUN-2012
 
 Oracle Financials E-Business Suite Release 12 Period End Procedures
Introduction
Background
This document has been put together by members of Oracle's internal EMEAFinancials Professional Community, acknowledging that every Financials customerneeds to successfully close the accounting books each period. Before the first externalpublication, various people from EMEA Applications Consulting and FinancialsProduct Development have reviewed and enriched the content. Read the paragraph‘Status and Feedback’ below, if you have any comments or feedback.
Objectives
This document provides guidance on period end procedures in Release 12 for OraclePayables, Oracle Purchasing, Oracle Inventory, Oracle Order Management, OracleReceivables, Oracle Assets, Oracle Projects, Oracle Cash Management, OracleTreasury and Oracle General Ledger. It is intended to be generic, and does not relateto a specific organization. Both mandatory and optional steps are included herein.Procedures particular to year-end processing are also described.This document intends to provide a reference for planning period-end procedures for‘real-life’ implementations. It describes the fundamental period-end steps involvedfor each, with particular emphasis on balancing the subledger applications to OracleGeneral Ledger, and attempts to provide an overview of the relative timing of theseprocedures for all installed Oracle applications.It is therefore the intention of this document to provide content from which relevantsections can be extracted, according to the applications installed for a particularorganization. Any organization may choose to customize their period-end and year-end processes, for example opting to run additional reports, particular to theorganization.Although this document particularly refers to ‘Period-End Procedures’, many of theprocesses can be performed more regularly throughout the accounting period, asrequired. Each subledger application provides control as to when and how often datais transferred from the subledger application to the General Ledger.
Assumptions
These ‘Period-End Procedures’ were written with the assumption that OracleFinancials was implemented for a single operating unit. Where an organization hasimplemented the ‘Multi-Org’ features of Oracle Financials, these procedures wouldneed to be performed for each operating unit individually unless Multi-Org AccessControl is enabled.
Note
: R12 requires multi-org functionality to be used. For further details refer toOracle® Applications Upgrade Guide: Release 11i to Release 12 Oracle Workflow is incorporated in the Release 12 applications. It is assumed thatthese Workflow Processes will be monitored and attended to by a SystemAdministrator on a regular basis. Some Workflow Processes like the RequisitionApproval Workflow or the Purchase Order Approval Workflow will require a directresponse from a message recipient rather than a System Administrator.
Organization
This white paper contains twelve chapters and one appendix where you can findinteresting links to more information.
 
 Oracle Financials E-Business Suite Release 12 Period End Procedures
The first chapter describes the dependencies between the modules and the biggestchange between Release 11i and Release 12, which is the introduction of 
Subl
edger
A
ccounting (SLA). Then, the next ten chapters outline period-end proceduresappropriate to the Oracle Applications covered in this document. The last chapterdisplays a summary of the main period-end procedures for each application and therelative timing of each.
 Attention: If you are using more than one application, the last chapter is a good reference to see that the order of the steps for each application areundertaken in the right sequence, relative to the other applications you areusing.
Status and Feedback
This white paper is intended to be a living document. As we gather new or changedinformation, we will revise and re-publish this paper. Therefore, we welcome allfeedback from you. On the bottom of the My Oracle Support note where you havedownloaded this document is a link where you can email us your comments.

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