R12 - Sequence in GL Made Legal Compliance Easy

11/14/2019 R12 : Sequence in GL made Legal Compliance Easy | OracleApps Epicenter
OracleApps Epicenter
Odyssey of an OracleApps Consultant

Home
About The Epicenter
Resources
SEARCH
Contact
Powered Search
Get Updates!
Subscribe to the OracleAppsHub to receive notifications when there are new posts:
Enter your email address sign up
Categories
11i
Advance Collection
AOL
API Integration
ASC606
Basic Accounting
Beginner
Beyond Apps
Blogroll
Cash Management
Centrestage
Conversion
Depot Repair
EBS Suite
EDI
Emerging Technologies
Finance
Functional
Fusion
Fusion Application
General Interest
HRMS
Hyperion
Implementations
www.oracleappshub.com/release12/r12-sequence-in-gl-made-legal-compliance-easy/ 1/10
Integration
InterCompany
JumpStart
Localizations
MDM
Methodology/Process
Misc
News
OPM
Oracle Application
Oracle Asset
Oracle Cloud *
Oracle Credit Management
Oracle Diagnostics
Oracle E-Business Tax
Oracle eAM
Oracle Footprint
Oracle General Ledger
Oracle ICM
Oracle Legal Entity Configurator
Oracle Manufacturing
Oracle Order Management
Oracle Payable
Oracle Payment Module
Oracle Pricing
Oracle Product
Oracle Property Manager
Oracle Purchasing
Oracle Receivable
Oracle TCA
Oracle Treasury
Personalizations
R12
Release12
Security
SEPA
Service Contracts
Subledger Accounting
Technical
Tool
Uncategorized
Web ADI
XBRL
Archives
August 2019
March 2018
February 2018
December 2017
October 2017
September 2017
July 2017
June 2017
May 2017
March 2017
February 2017
November 2016
October 2016
August 2016
July 2016
June 2016
January 2016
November 2015
October 2015
August 2015
July 2015
June 2015
May 2015
March 2015
January 2015
December 2014
October 2014
August 2014
July 2014
May 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
October 2006
August 2006
Links
Metalink
Oracle
Oracle Integration Repository
Disclaimer
Disclaimer
Meta:
RSS
Comments RSS
Valid XHTML
eMail
Ad
Feature Topic
Grab Free Copy
Search
Search
Powered Search
Recent Posts
Realizing potentials is mark of a great company

Oracle EBS 12.2.9 is Available….
Finding your Ikigai
Oracle Adaptive Intelligent Applications for ERP
How Blockchain Technology Will Impact Accounting.
Blogroll
David Haimes
Floyd Teter
Steven Chan
Tim Dexter
Trioragroup Blog
Total Page View
News & Views
Workato Nabs $70M Series C Funding, Updates Automated Integration Platform – Solutions Review
Workato Secures $70M in Series C Funding to Further Accelerate its Leadership in Enterprise Automation
– PRNewswire
Oracle: The disruptor in the Cloud world – Daily Mirror
ERP evolution sees major shifts in holistic view of business – TechTarget
User Onlines
73 Users
R12 : Sequence in GL made Legal Compliance Easy

Posted on January 17th, 2008 by Sanjit Anand | Print This Post | Email This Post
Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try

it today
In R12, to cater the need for legal compliance some other counties like Asia, Latin America, and Europe ,two
Journal Sequencing options have been provided. These are accounting and reporting sequence, in reality there is
bit difference in these two terms.
Accounting Sequence
This is sequence used in GL journals when posted in GL ,Sequence subledger journals when completed in
Subledger Accounting.
What we have seen in Release 11i, we had document sequencing that sequentially numbered documents upon
creation. Accounting Sequencing will automatically assign a sequence number to GL journal entries that are
posted in GL. There's also an option to sequence subledger journals when they are completed in SLA
Accounting.
Reporting Sequence
This sequence is used in GL Journals when you close a GL Period.Sequence sub ledger Journals when you
complete the accounting in SLA .This is one of replacement of Accounting Engine (AX) legal sequencing and
Italian Journal Book commonly known Libro Giornale.
These two Sequences can be assign mutually exclusive sequences based on:
Ledgers or Reporting Currencies

Journal sources
Journal categories
Balance types
The benefit of using these sequnces are summarized :
a) Legal Compliance made easy: The one biggest advantage of it will now addresses business requirements in
many countries, such as Europe & Asia. Therefore its allows fiscal authorities to verify the completeness of a
company's accounting records.
b)Flexibility get enhanced:With this it provides greater flexibility in choosing different journal sequencing
options, as mention above, these can be based out of these different criteria, such as by ledgers, reporting
currencies, journal sources, journal categories, and balance types.
c)No Localization Required: Somehow related to (a) discussed above, earlier it the local reporting need was
catered by localization , which now is part of GL activity.
Where to Define the the sequence.
You can define the accounting sequence in the context of a ledger in Accounting Setup Manager.There is another
way ie Accounting Sequencing menu function which we can create and manage our sequencing rules.
For Accounting Sequences which is internally a posting event, the GL journals are sequenced when they are
posted in GL and Subledger journals are sequenced when completed in SLA. For Reporting Sequences (period
close event), GL journals and subledger journals are sequenced when a GL period is closed.You can see both can
be appear in the Journal screen as below.
:)
Related Posts
1. Diagnostics Made Easy : Oracle Diagnostic Tool

2. Diagnostics Made Easy : Oracle Diagnostic Tool -II
3. Is “Sequence” Important in Closing oracle Modules at Month end
4. R12 SLA: From Product Accounting to Subledger Accounting
5. Year End Closing
Posted in Oracle General Ledger, R12, Release12 | 7 Comments » Email This Post | Print This Post
Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try

it today
7 Responses
1. chelsea Says:
January 25th, 2008 at 7:54 am
hi Anand,
i just find the define sequence in the form not java web.can u give me guide what i miss.
Regards,
Chelsea
2. chelsea Says:
January 25th, 2008 at 7:27 pm
i have soled it.thank you!
3. R12 - Oracle General Ledger - New and enhanced features Says:

February 3rd, 2008 at 7:04 am
[…] : Setting up for AP/AR Netting“Contra Charging” to “R12 AP/AR Netting”R12 : Sequence in GL
made Legal Compliance EasySAP-ORCL – ‘ GL Journal’Is ..”Oracle Applications Not Secure “?SAP-
ORCL: […]
4. Hasan Mir Says:

May 13th, 2008 at 2:06 pm
Thank you! To the point. Precise. Great Service.
Hasan
5. Stelm Says:
September 30th, 2008 at 7:35 am
Hi,
One benefit is that sequencing in AP may have gaps (ie deleted AP invoices).
Accounting sequences ensure accounted AP documents have sequences gapless.
6. Oracle Training Says:

May 31st, 2009 at 2:50 pm
Great article on Oracle General Ledger sequences. Thank you.
7. AJS Says:
May 11th, 2010 at 10:43 am
Great Article to rely on
Leave a Comment
Name
Mail (will not be published)
Website
Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.
Submit Comment
All content present on this website is property of OracleappsHub.com and subject to international copyright
laws.
© 2006-2011 Copyright OracleApps Epicenter.All Rights reserved.

R12 - Sequence in GL Made Legal Compliance Easy

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

R12 - Sequence in GL Made Legal Compliance Easy

Uploaded by

Copyright:

Available Formats

11/14/2019 R12 : Sequence in GL made Legal Compliance Easy | OracleApps Epicenter

Odyssey of an OracleApps Consultant

Enter your email address sign up

Grab Free Copy

Realizing potentials is mark of a great company

Total Page View

News & Views

R12 : Sequence in GL made Legal Compliance Easy

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try

Ledgers or Reporting Currencies

The benefit of using these sequnces are summarized :

Where to Define the the sequence.

1. Diagnostics Made Easy : Oracle Diagnostic Tool

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try

i have soled it.thank you!

3. R12 - Oracle General Ledger - New and enhanced features Says:

4. Hasan Mir Says:

Thank you! To the point. Precise. Great Service.

6. Oracle Training Says:

Great article on Oracle General Ledger sequences. Thank you.

Great Article to rely on

Mail (will not be published)

You might also like