Reliance Industries Limited

Auditors: Mr. Arun CA

Creation Date: 17/04/2020

Project ID: 12345678

Oracle Project Manager: Mr. Ramesh

Calendar year:

Maintain the calendar year for India (e.g 1 st April to 31 st March)

Chart of Accounts:

One time Creation. The chart of account is being used for accounting as well as supplies require

To internal and external users,(e.g Employee, Auditors,Customers,suppliers,stockholder.

Currency:

The process of defining and Maintaining the Inter and intra currencies.

Multi-currency – require exchange rate –daily rate. Manual and Auto exchange rate.

Conversion Method:

The Process of defining and Manintaining the currency conversion and data converstion of method

Accounting Code

Accounting Code is Five Characters

Accounting Code - 54367

1-characters - Income

2- charaters – Expenses and Loss

3 – Characters –Represent payment to employee Expenditures

4 – characters – Medical and welfare exps

5 – characters – Asset and liability

Subledger Account

Sub Ledger Control Accounts Control Account

Sales ledger Customer control a/c 13452

Purchase ledger Raw material vendor a/c 75432

Advance ledger Employee advance control 74634

a/c
Segments;

The segment minimum 2 maximum 30 of the accounts follw as:

 Company Name
 Accounts
 Location
 Currency
 Sub ledger
 Product
 Branches
 Country
 Salary
 Income
 Employees
 Warehouse

Maintain Period:

 Present reliance industries ltd following the Indian financial year

 Maintaining the four Quarters.(March,June,September,October)

Employee Management:

New Employee

 Register new employee require authorized from finance department

 HRD department giving six digits code for employee

1 st - Employee initials
2 and 4 th - Serial Numbers
5 and 6 th - Employee Location code

Another ID proof details for employee (Address proof , PAN Card,voter ID,etc..)

Employee Loans:

 Medical Insurance
 Vehicle
 Housing Loan

Budget:

The Budget Creation for next year will commence march of current year.

The budget will responsibility of division of head and department.

Maintain Bank Account:

 Bank code and Branch code enter the account

 Create New Bank Accounts
 Maintain bank accounts
 Corrections and address changes

Bank codes maintained are four character (2453)

Bank code once created never deleted.