Oracle Financials Cloud: Using

General Ledger

Student Guide
D96163GC10
Edition 1.0 | August 2016 | D97641

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Contents

1 Oracle Financials Cloud: Using General Ledger Overview

Course Objectives 1-2
Course Approach 1-3
Oracle Fusion Implementation Resources 1-4
Oracle Help Center: docs.oracle.com 1-6
Oracle Cloud Application Service Pages 1-7
Video Subject Areas on the Oracle Help Center 1-8
Friendly Search 1-9
Course Schedule 1-10
Lesson Objectives 1-12
Introduction to Oracle Fusion Applications 1-13
Oracle Fusion Applications: Product Families 1-14
Oracle ERP Cloud: Overview 1-15
Key Features in the Financials Cloud 1-16
General Ledger Functions and Features 1-17
General Ledger Accounting Cycle 1-18
The New Financial Reporting Center: Overview 1-19
Other Reporting Tools: Overview 1-21
Summary 1-23

2 Navigating in General Ledger

Objectives 2-2
Getting Started in Oracle Fusion Applications 2-3
Simplified Navigation 2-4
New Welcome Springboard 2-5
Favorites and Recent Items 2-6
General Accounting Dashboard 2-7
Work Areas 2-8
User Interface 2-9
Panel 2-10
Search Panel Overview 2-11
Reports and Analytics Panel 2-12
Infolets Overview 2-13
Infolet Repository 2-14
General Accounting Infolets 2-15

iii
 Budgetary Control Infolets 2-19
Budget Consumed Infolet 2-20
Funds Available Infolet 2-21
Custom Infolets: Overview 2-22
Practice 2-1 Overview: Getting Started in Oracle Fusion Applications 2-23
Overview of Functional Setup Manager 2-24
Using the Setup and Maintenance Work Area 2-25
Implementation Project for Ongoing Maintenance 2-26
Summary 2-27

3 Discussing the Vision Story

Objectives 3-2
Overview 3-3
Scenario 3-4
Scenario Details 3-5
Vision Corporation Structure Diagram 3-6
Vision Corporation Enterprise Structure 3-7
Vision Corporation Business Unit and Department Structure 3-8
Vision Corporation Distribution Structure 3-9
Vision Corporation Chart of Accounts Summary 3-10
Summary 3-11

4 Reviewing Enterprise Structures

Objectives 4-2
Define Enterprise Structures 4-3
Sharing Ledger Components Across Oracle Applications 4-4
Practice 4-1 Overview: Reviewing Shared Components 4-5
Rapid Implementation Workbook 4-6
Manage Legal Entities 4-7
Legal Entities Definition 4-8
Legal Entity and Ledgers 4-9
Legal Entity and Balancing Segments 4-10
Balancing Segment Value Assignment Report 4-11
Legal Entities and Intercompany Transactions 4-13
Legal Entity and Its Relationship to Intercompany Transactions 4-14
Legal Entity and Consolidation Rules 4-15
Country-Specific Legal Entity Sequences 4-16
Practice 4-2 Overview: Searching for a Legal Entity 4-17
Chart of Accounts Components 4-18
Practice 4-3 Overview: Entering Values 4-20
Assigning Segment Labels 4-21

iv
 Defining Hierarchies: Overview 4-22
GL Rapid Implementation Additional Features 4-23
Cross-Validation Rules and Segment Value Security Rules 4-24
Cross-Validation Rules: Considerations 4-25
Filters Overview 4-26
Filters and Conditions 4-27
Practice 4-4 Overview: Defining Cross-Validation Rules in a Spreadsheet 4-28
Dynamic Combination Creation Allowed 4-29
Account Combinations 4-30
Enabling Account Combinations 4-31
Practice 4-5 Overview: Creating an Account Combination 4-32
Account Shorthand Alias 4-33
Practice 4-6 Overview: Creating an Account Shorthand Alias 4-35
Summary 4-36

5 Exploring Calendars and Ledgers

Objectives 5-2
Manage an Accounting Calendar 5-3
Accounting Calendar Considerations 5-4
Period Frequency 5-5
Adding a Calendar Year 5-6
Calendar Auditing 5-7
Practice 5-1 Overview: Creating a Calendar 5-8
Ledgers and Accounting Configurations 5-9
Define Ledger Components 5-10
Ledgers and Subledger Accounting 5-11
Practice 5-2 Overview: Creating a Primary Ledger 5-12
Specify Ledger Options 5-13
Processes Using Ledger Options 5-14
Practice 5-3 Overview: Specifying Ledger Options 5-15
Review and Submit Accounting Configuration 5-16
Manage Reporting Currencies 5-17
Reporting Currencies: Conversion Levels 5-19
Practice 5-4 Overview: Defining Reporting Currencies 5-21
Practice 5-5 Overview: Completing the Ledger Configuration 5-22
Define Secondary Ledgers 5-23
Secondary Ledgers: Scenarios 5-24
Secondary Ledgers: Conversion Levels 5-25
Chart of Accounts Mapping Feature 5-26
Segment Mapping Rules 5-27
Account Mapping Rules 5-28

v
 Balance Cubes: Overview 5-29
Balance Cubes Naming 5-30
Balance Cube Dimensions 5-31
Manage Ledger Sets 5-32
Practice 5-6 Overview: Creating a Ledger Set 5-33
Data Access Set Security: Overview 5-34
Data Access Set Security 5-35
Data Access Set Security: Example 5-36
Practice 5-7 Overview: Reviewing Data Access Set Security 5-37
Period Close Introduction 5-38
Practice 5-8 Overview: Opening the First Accounting Period 5-39
Summary 5-40

6 Creating Journal Entries

Objectives 6-2
Oracle Fusion General Ledger Accounting Cycle 6-3
Integrating Journal Entries in the Cloud 6-5
Manage Journal Sources and Categories 6-6
Journal Sources 6-7
Journal Categories 6-8
Practice 6-1 Overview: Creating a Journal Source and Category 6-9
Performing Journal Entry Functions 6-10
Capturing Journal Transactions 6-11
Journal Components 6-13
Manual Journal Entries 6-15
Posting Journal Batches 6-17
Posting Journals 6-18
Unposted Journal Batch Statuses 6-20
Data Access Set Impact to Posting 6-21
Manage AutoPost Criteria Sets 6-22
AutoPost Criteria Sets: Parameters 6-23
Practice 6-2 Overview: Entering and Posting a Manual Journal 6-24
Reversing Journal Entries 6-25
Manually Reversing Journals 6-26
Automatically Reversing Journal Entries 6-27
Manage AutoReverse Criteria Sets 6-28
Practice 6-3 Overview: Reversing a Journal Manually 6-29
Journal Entries in Spreadsheets 6-30
Integrating with General Ledger: Submit Journals 6-32
Practice 6-4 Overview: Entering and Posting a Journal in a Spreadsheet 6-33
Importing Journals 6-34

vi
 Separate Journals by Accounting Date During Journal Import Ledger Option 6-36
How to Set Up Separate Journals by Accounting Date 6-37
Using Separate Journals by Effective Date Ledger Option 6-38
Importing Journal References 6-39
Reviewing Journal Import Data 6-41
Journal Import Verification Process 6-42
Correcting Journal Import Errors 6-43
Inquiries: General Accounting Dashboard Overview 6-45
General Accounting Dashboard: Account Monitor 6-46
Defining Account Groups: Header Region 6-47
Defining Account Groups: Accounts Region 6-49
Practice 6-5 Overview: Using the Account Monitor 6-50
General Accounting Dashboard: Account Inspector 6-51
Summary 6-52

7 Using Foreign Currencies

Objectives 7-2
Overview of Currency 7-3
Integrating with Subledgers 7-4
Currency Concepts 7-5
Currencies: Overview 7-6
Practice 7-1 Overview: Creating a Currency 7-7
Conversion Rate Types: Overview 7-8
Cross Currency Functionality 7-9
Explain Cross Rate Rules 7-10
Conversion Example 7-12
Practice 7-2 Overview: Creating Conversion Rate Types 7-13
Daily Rates: Overview 7-14
Practice 7-3 Overview: Entering Daily Rates 7-15
Practice 7-4 Overview: Entering and Reviewing a Foreign Currency Journal 7-16
Summary 7-17

8 Managing Intercompany Transactions

Objectives 8-2
Oracle Fusion Intercompany Transactions: Overview 8-3
Manage Intercompany Transaction Processing 8-4
Intercompany General Ledger Integration 8-5
Intercompany Receivables and Payables Integration 8-6
Intercompany Transactions Dashboard 8-7
Manual Intercompany Transaction Processing 8-8

vii
 Practice 8-1 Overview: Creating Intercompany Transactions with Invoice
Generation 8-9
Intercompany Allocation: Overview 8-10
Intercompany Allocation Journals 8-11
Intercompany Allocation Transactions 8-12
Example: Intercompany Allocations 8-13
Intercompany Allocations Example 8-19
Reconciliation Reports 8-21
Intercompany Reconciliation 8-22
Intercompany Reporting and Analysis 8-23
Practice 8-2 Overview: Running the Reconciliation Report 8-24
Creating Intercompany Transactions Using a Spreadsheet 8-25
Practice 8-3 Overview: Creating Intercompany Transactions Using a
Spreadsheet 8-26
Transaction Account Definition 8-27
Summary 8-28

9 Performing Period Close

Objectives 9-2
Overview 9-3
Open and Close Periods Life Cycle 9-4
Accounting Period Statuses 9-5
Accounting Periods: Overview 9-6
Period Close with Oracle Financials 9-7
Period Close Section 9-8
Period Close Best Practices 9-9
Period Close Checklist 9-10
Period Close Components 9-11
Allocation Concepts 9-12
Allocation Components 9-13
Defining Allocation Requirements 9-14
Generation of Allocations 9-15
Cross Ledger Intercompany Allocations 9-16
Step Down Allocation: Example One 9-17
Step Down Allocation: Example Two 9-18
Allocation Rule Concepts 9-19
Allocation Rule Deployment 9-20
Allocations: Best Practices 9-21
Practice 9-1 Overview: Creating and Generating an Allocation Rule 9-22
Revaluation: Overview 9-23
Translation: Overview 9-24

viii
 Revaluation and Translation Concepts 9-25
Revaluation and Translation Setup 9-26
Revaluation Process 9-27
Revaluation Example 9-29
Practice 9-2 Overview: Creating a Revaluation 9-30
Translation Process 9-31
Translation and Remeasurement Solutions 9-32
Historical Rates and Amounts 9-33
Practice 9-3 Overview: Running Translation 9-34
Import Journal Entries: Overview 9-35
Journal Import Verification Process 9-36
Journal Import Validates 9-37
Reconciliation 9-38
Reconciliation Concepts 9-40
Payables Tax Reconciliation with General Ledger Report 9-41
Summary 9-42

10 Using the Financial Reporting Center

Objectives 10-2
The New Financial Reporting Center: Overview 10-3
Other Reporting Tools: Overview 10-5
Access to the Financial Reporting Center 10-7
Viewing Financial Reports from the Financial Reporting Center 10-8
Live Reports and Published Snapshot Reports 10-9
Practice 10-1 Overview: Using the New Financial Reporting Center 10-10
Oracle Fusion General Ledger Balances Cube: Overview 10-11
Dimension Values in Reporting 10-12
GL Balances Cube: Dimensions 10-13
GL Balances Cube: Default Values 10-15
Dimension Values and Defaults 10-16
Smart View: Overview 10-19
Smart View: Ad Hoc Analysis 10-21
Smart View: Query Designer 10-22
Creating Financial Reports 10-23
Financial Reporting Studio: Overview 10-24
Installing and Configuring the Financial Reporting Studio 10-25
Report Designer 10-26
Report Designer’s Standard Toolbar 10-27
Financial Reporting Studio Components 10-28
Designer Toolbar 10-30
Grids 10-31

ix
Practice 10-2 Overview: Creating a Report: Defining a Grid 10-33
Defining Formulas 10-34
Available Formulas 10-35
Practice 10-3 Overview: Creating a Report: Adding a Formula for Total
Expenses 10-36
Using Functions: Range 10-37
Practice 10-4 Overview: Creating a Report: Defining a Rolling 12-Period
Column 10-39
User and Grid Point of View Dimensions 10-40
Selecting Members 10-41
Practice 10-5 Overview: Creating a Report: Defining the Grid and User Point of View
Dimensions 10-42
Property Sheet 10-43
Property Sheet Component Objects and Features 10-44
Practice 10-6 Overview: Creating a Report: Setting Properties 10-45
Text Box Objects 10-46
Image Objects 10-47
Practice 10-7 Overview: Creating a Report: Adding a Logo and Title 10-48
Reviewing a Report 10-49
Practice 10-8 Overview: Reviewing a Report 10-50
Infolets: Overview 10-51
Infolet Repository 10-52
General Accounting Infolets 10-53
Budgetary Control Infolets 10-57
Budget Consumed Infolet 10-58
Funds Available Infolet 10-59
Custom Infolets: Overview 10-60
Account Groups: Overview 10-61
Viewing Account Groups in the General Accounting Infolets 10-62
Practice 10-9 Overview: Setting Up the General Accounting Expense Infolet
Demonstration 10-63
Viewing Account Groups from the Financial Reporting Center 10-64
Sunburst Tool 10-65
Sunburst Icons 10-66
Sunburst Options 10-67
Practice 10-10 Overview: Viewing an Account Group From the Financial Reporting
Center Demonstration 10-68
Oracle Transactional Business Intelligence: Overview 10-69
Oracle BI Publisher: Overview 10-71
Oracle Business Intelligence Publisher: Overview 10-72

x
 Financial Reporting Center and Oracle BI Publisher 10-74
Summary 10-75

11 Maintaining General Ledger Options

Objectives 11-2
Manage Suspense Accounts 11-3
Practice 11-1 Overview: Creating a Suspense Account 11-5
Manage Statistical Units of Measure 11-6
Practice 11-2 Overview: Creating a Statistical Unit of Measure 11-7
Manage Processing Schedules 11-8
Practice 11-3 Overview: Creating a Processing Schedule 11-9
Summary 11-10

12 Performing Consolidations
Objectives 12-2
Consolidation Methods 12-3
Reporting Only Consolidation Method: Example 12-4
Reporting Consolidation with Multiple Levels: Level One 12-6
Reporting Consolidation with Multiple Levels: Level Two 12-7
Elimination Entries Example 12-8
Elimination Entries Example: Transaction 12-9
Elimination Entries NA Level One Example: Elimination Entry 12-10
Balance Transfer Consolidation Method 12-11
Transfer Ledger Balances Process Parameters 12-12
Practice 12-1 Overview: Creating a Chart of Accounts Mapping 12-13
Practice 12-2 Overview: Submitting the Transfer Ledger Balances Process 12-14
Reporting Only Versus Balance Transfer: Pros 12-15
Reporting Only Versus Balance Transfer: Cons 12-16
Oracle Hyperion Financial Management Integration: Overview 12-17
Financial Management Integration Option 12-18
Financial Management Integration Implementation 12-19
Mapping Segments to Financial Management Dimensions 12-20
Summary 12-21

13 Loading Budgets
Objectives 13-2
Budgeting Preparation 13-3
Budget Scenario Dimensions 13-4
Integration with Oracle Hyperion Planning 13-5
Importing Budget Data from a Flat File 13-6
Importing Budget Data from a Flat File: Steps 13-7

xi
Importing Budget Data from a Spreadsheet 13-8
Importing Budget Data from a Spreadsheet: Import Correction 13-9
Practice 13-1 Overview: Uploading a Budget Using a Spreadsheet 13-10
Practice 13-2 Overview: Creating a Smart View Ad Hoc Analysis 13-11
Importing Budget Data from Smart View 13-12
Summary 13-13

xii
 1
Oracle Financials Cloud: Using
General Ledger Overview

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Course Objectives

After completing this course, you should be able to:

• List Oracle Fusion General Ledger features
• Explore the configuration of enterprise structures and the
related Vision Corporation story
• Use General Ledger including:
– Journal entries
– Allocations
– Intercompany entries
– Financial reporting

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Financials Cloud: Using General Ledger 1 - 2

 Course Approach

Each lesson in this course:

• Begins with your instructor presenting important concepts
related to using Oracle Fusion General Ledger
• May also include one or more of the following activities:
– Explore key features for using and maintaining General Ledger
– Discuss key features and best practices
– Complete practices that reinforces your learning

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

In this course, the instructor:

• Presents introductory modules
• Acts as a business analyst representing the case study customer
• Imparts information to assist you with the Oracle Fusion General Ledger
• Provides review sessions as needed

Oracle Financials Cloud: Using General Ledger 1 - 3

Oracle Fusion Implementation Resources

Classroom and Other Resources:

• Oracle Financials Cloud: Using General Ledger guide (This
guide and its companion course)
• Oracle Fusion Applications Help in the Applications
• My Oracle Support (MOS)
• Oracle Fusion Cloud Library
• Your instructor
• Other students

•Oracle Financials Cloud: Implementing Subledger Accounting

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

• Oracle Fusion Technology Library on OTN:

(http://www.oracle.com/technetwork/index.html)
• My Oracle Support (MOS) (https://support.oracle.com/ ): Including Oracle Fusion
Applications: Financials Reporting (Document 1458904.1
• Oracle Help Center (http://docs.oracle.com/cloud/latest/financialscs_gs/index.html):
Including these Oracle Financials Cloud books:
- Implementing Enterprise Structures and General Ledger
- Using Common Features including Infolet Personalization topics
- Customizing the Applications for Functional Administrators including Infolet
Customization topics
- Using Oracle Social Network
- Creating Analytics and Reports
- Using Analytics and Reports
- Using Financials for Asia/Pacific
- Using Financials for EMEA
- Using General Ledger

Oracle Financials Cloud: Using General Ledger 1 - 4

• Oracle Hyperion Books including:
- Calculation Manager Designer's Guide
- Financial Reporting Studio User's Guide
- Financial Reporting Charting Guide – NEW
- Financial Reporting User's Guide
- Smart View for Office User's Guide

Oracle Financials Cloud: Using General Ledger 1 - 5

 Oracle Help Center: docs.oracle.com

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Help Center is:

• The central hub for all documentation and tutorials
• Organized by major product categories including Cloud, Applications, Middleware, and
Database
• To organize Cloud Application pages by Cloud

Oracle Financials Cloud: Using General Ledger 1 - 6

 Oracle Cloud Application Service Pages

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Consistent organization, content, and link format for Cloud service pages.
• Get Started
• Videos
• Books
Friendly task panel to change focus from Cloud to:
• Applications
• Middleware
• Database
• Other Documentation

Oracle Financials Cloud: Using General Ledger 1 - 7

 Video Subject Areas on the Oracle Help Center

Link to the Video Area in Oracle Help Center

• Get Started with Oracle Applications Cloud
• Set Up Oracle Applications Cloud
• Customize Oracle Applications Cloud
• Get Started with Oracle Financials Cloud
• Use General Ledger
• Use Other Oracle Financials Cloud Products
• Use Oracle Social Network to Improve Collaboration
• Use Oracle Transactional Business Intelligence for Financials
Cloud

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Link to the videos: http://docs.oracle.com/cloud/latest/financialscs_gs/financialscs_videos.htm

Using General Ledger includes the following videos:
• Create journal approval rules.
• Manage intercompany reconciliation.
• Define a basic financial report.
• Add formulas to a financial report.
• Define range functions for a financial report.
• Add grid points of view for a financial report.
• Set the page and grid properties for a financial report.
• Add formatting and graphing to a financial report.
Note: New videos are constantly being added.

Oracle Financials Cloud: Using General Ledger 1 - 8

Friendly Search

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

• Simple search entry: Type your topic in the field.

• Comprehensive view of search results: Results show the guide as well as the topic, with
direct links to the topic.
• Several results and contexts are displayed.
• Refine Search task panel enables you to reduce the number of results.
• Locator links appear at the top of topics you select to allow easy return to the list of
results.

Oracle Financials Cloud: Using General Ledger 1 - 9

Course Schedule

This course is designed to generally follow this agenda:

Day One:
• Using General Ledger Overview
• Navigating General Ledger
• Discussing the Vision Story
• Reviewing Enterprise Structures
• Exploring Calendars and Ledgers
Day Two:
• Creating Journal Entries
• Using Foreign Currencies
• Entering Intercompany Transactions

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Financials Cloud: Using General Ledger 1 - 10

Course Schedule

Day Three:
• Performing Period Close
• Using the Financial Reporting Center
• Maintaining General Ledger Options
• Performing Consolidations
• Loading Budgets

Let’s Begin!

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Financials Cloud: Using General Ledger 1 - 11

Lesson Objectives

After completing this lesson, you should be able to:

• Introduce the Oracle Fusion Applications
• Discuss Oracle Financials Cloud
• Explain Oracle General Ledger features
• Review Oracle Fusion General Ledger accounting cycle
• Examine the new Financial Reporting Center

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Financials Cloud: Using General Ledger 1 - 12

 Introduction to Oracle Fusion Applications

Oracle Fusion Applications are:

• An integrated suite of business applications
• Engineered to work together
• Designed to ensure that your enterprise can be modeled

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Fusion Applications are:

• An integrated suite of business applications that:
- Connects and automates the entire flow of business processes across both front
and back office operations
- Addresses the needs of a global enterprise
• Engineered to work together, allowing users to streamline the setup process by sharing
common setup data across applications
• Designed to ensure that your enterprise can be modeled to meet legal and management
objectives
The decisions about using Oracle Fusion General Ledger and related products are affected
by your:
• Industry
• Business unit requirements for autonomy
• Business and accounting policies
• Business functions performed by business units and, optionally, centralized in shared
service centers
• Locations of facilities

Oracle Financials Cloud: Using General Ledger 1 - 13

 Oracle Fusion Applications: Product Families

• Financial Management
• Human Capital Management
• Supply Chain Management
• Project Portfolio Management
• Procurement
• Customer Relationship Management
• Enterprise Governance, Risk, and Compliance Management

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle Fusion Applications provide:

• A complete, modular suite of applications. You have a choice of functionality—whether it
is an individual module, product family, or the complete suite on the Oracle Cloud.
• A broad scope, with a few exceptions, in terms of global coverage.
• Strong support for North America, Western Europe, Asia-Pacific, and Latin America.
• A way to work that matches what end users do through role-based dashboards,
embedded business intelligence, and collaboration tools that dramatically increase
productivity and improve decision making.
• Flexible implementation of applications in a modular fashion using delivery strategies
that meet the customer’s enterprise information technology strategy on the Oracle
Cloud.
Oracle Fusion Financials helps companies meet their obligations in key areas such as:
• Compliance
• Financial Control
• Regulatory Reporting
• Cost Containment
• Risk Management

Oracle Financials Cloud: Using General Ledger 1 - 14

 Oracle ERP Cloud: Overview

Oracle ERP Cloud Services is a complete and integrated financial

management solution with:
• Automated financial processing
• Effective management control
• Real-time visibility to financial results

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

Oracle ERP Cloud Services with Oracle Fusion Applications provides:

• Open, standards-based enterprise applications that function in the cloud via a web
browser
• Broad suite of capabilities including:
- General Ledger
- Accounts Payable
- Accounts Receivable
- Fixed Assets
- Expenses
- Collections
- Cash Management
- As well as centralized accounting, tax, payment and intercompany engines.
• Improved performance, lower IT costs, and better analysis and reporting results.

Oracle Financials Cloud: Using General Ledger 1 - 15

Key Features in the Financials Cloud

• Multidimensional reporting platform

• Multiple reporting requirements
• Role-based dashboards
• Embedded transactional intelligence
• Imaging integration
• Spreadsheet integration

Financials

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

• Innovative, embedded, multidimensional reporting platform

• Simultaneous accounting of multiple reporting requirements
• Role-based dashboards that push issues and work to users
• Embedded transactional intelligence that guides users’ decisions by providing key
business indicators in a graphical, real-time dashboard
• Imaging integration for supplier invoices
• Extensive spreadsheet integration across finance functions to simplify data entry

Oracle Financials Cloud: Using General Ledger 1 - 16

General Ledger Functions and Features

Information Access
Data Collection

Financial Controls

Financial Reporting
and Analysis

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

• Information Access: Information is stored in the General Ledger and accessed through
online inquiries or reporting and analysis tools such as Smart View, General Accounting
infolets, and the Account Monitor. Oracle Fusion General Ledger is the repository of
your organization's financial information.
• Financial Controls: Use security features to control access to specific areas and
functions of General Ledger.
• Data Collection: Collect data from Oracle Fusion subledgers and non-Oracle feeder
systems using journal import, ADF Desktop Integrator, and File-based import.
• Financial Reporting and Analysis: Select from a variety of reports and analyzes by
using the Financial Reporting Center and other reporting and analytical tools.

Oracle Financials Cloud: Using General Ledger 1 - 17

 General Ledger Accounting Cycle

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.

The General Ledger accounting cycle uses the following steps:

1. Open an accounting period.
2. Create manual journals, import subledger journals and reverse accrual journals.
3. Post your journal batches manually or automatically. Posting populates the GL Balance
Cube and the GL_Balances table.
4. Review the balances created by the posted journals and reconcile the balances to your
source subledgers.
5. If multi-currency journals exist run the period-end revaluation process. And if subsidiary
ledgers in different currencies exist run the translation process.
6. If subsidiary ledgers exist, perform consolidation to the parent or corporate ledger.
7. Produce financial reports and perform online inquiries to review current account
balances.
8. Close the current accounting period.
9. Open the next accounting period.

Oracle Financials Cloud: Using General Ledger 1 - 18