Practice - Enter Values

Distribution
R12 General Ledger Management Fundamentals

Ownership
The Job Title [list@YourCompany.com?Subject=LABxxxxx] is responsible for ensuring that
this document is necessary and that it reflects actual practice.

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Practice - Enter Values
Overview
In this practice, you will enter the valid values into your value sets. Note: You are not creating
combinations, only the lists of individual values that will appear in the LOV of each segment.

Assumptions
 Replace XX with your terminal number or unique number.

 You must have access to an Oracle Application Vision database or comparable training
or test instance at your site on which to complete this practice.

 Responsibility = General Ledger, Vision Operations

Tasks
Enter Values

1. Open the Values window

 (N) Setup > Financials > Flexfield > Key >Values

2. Find your XXCompany value set, enter the values and information for the segment. Note
that for each value you must tab completely through the row to see both Effective Date
information and Qualifier information.

Value Description Enabled Parent Allow Budgeting/Posting

00 Corporate Yes No Yes, Yes
01 Domestic Ops Yes No Yes, Yes
02 Europe SA Yes No Yes, Yes
03 Foreign Ops Yes No Yes, Yes
T Total All Yes Yes No, No
Companies

3. Save

4. Find your XXDepartment value set, enter the values and information for the segment. Note
that for each value you must tab completely through the row to see both Effective Date
Information and Qualifier information.

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Value Description Enabled Parent Allow Budgeting/Posting
000 Balance Sheet Yes No Yes, Yes
100 Administration Yes No Yes, Yes
150 Finance Yes No Yes, Yes
175 Advertising Yes No Yes, Yes
210 Production Yes No Yes, Yes
310 Sales & Marketing Yes No Yes, Yes
350 European Sales Yes No Yes, Yes
375 American Sales Yes No Yes, Yes
400 Corporate Yes No Yes, Yes
3XX Mass Allocation Yes Yes No, No
Rollup

5. Save

6. Enter the values for the XXAccount segment.

Note: For each value you must tab completely through the row to see both effective
information and qualifier information. Since an account type of Expense is the default,
make sure the account type is correct for each account as you tab through the fields. It
would be an unpleasant surprise if the cash account was misclassified as Expense and closed
to retained earnings at the end of the accounting year.

Note: We will not be using the Control Account feature or the Reconciliation Flag, leave
them both set to No for all values.

Value Description Enabled Parent Allow Account Type

Budgeting
/Posting
1110 Cash Yes No Yes, Yes Asset
1210 Accounts Receivable Yes No Yes, Yes Asset
1260 Allowance for Bad Debt Yes No Yes, Yes Asset
1550 Vehicles Yes No Yes, Yes Asset
1560 Computer/Software Yes No Yes, Yes Asset
1570 Asset Clearing Yes No Yes, Yes Asset
2210 Accounts Payable Yes No Yes, Yes Liability
2225 Accrued Expenses Payable Yes No Yes, Yes Liability
2990 Suspense Yes No Yes, Yes Liability
3310 Retained Earnings Yes No Yes, Yes Ownership/Stock

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Value Description Enabled Parent Allow Account Type
Budgeting
/Posting
3500 Translation Adjust Yes No Yes, Yes Ownership/Stock
4100 Total Revenue Yes Yes No, No Revenue
4110 Hardware Sales Yes No Yes, Yes Revenue
4120 Support Contracts Yes No Yes, Yes Revenue
4130 Training Yes No Yes, Yes Revenue
5100 Total Expense Yes Yes No, No Expense
5105 Salaries Yes No Yes, Yes Expense
5150 Commission Yes No Yes, Yes Expense
5510 Telephone Yes No Yes, Yes Expense
5520 Postage Yes No Yes, Yes Expense
5650 Bad Debt Expense Yes No Yes, Yes Expense
5750 Health and Welfare Yes No Yes, Yes Expense
7640 Airfare Yes No Yes, Yes Expense
7690 Meals Yes No Yes, Yes Expense
7990 Rounding Difference Yes No Yes, Yes Expense
7999 Suspense - Manual Yes No Yes, Yes Expense
8100 Unrealized Gain/Loss Yes No Yes, Yes Expense
9110 Headcount -STAT Yes No Yes, Yes Expense
9930 Default Intercompany Yes No Yes, Yes Asset
Receivable
9940 Default Intercompany Yes No Yes, Yes Liability
Payable

7. Save.

Define Parent Accounts

8. Responsibility = General Ledger, Vision Operations

9. Navigate to the Values window.

 (N) Setup > Financials > Flexfield > Key >Values

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10. Find your Department value set and enter child range information for the MAR parent value.

From To Include
310 375 Child Values Only

11. Find your Account value set and enter child range information for the Total Revenue parent
account.

From To Include
4101 4999 Child Values Only

12. Still on the Account value, enter the child range information for the Total Expense parent
account.

From To Include
5101 7899 Child Values Only

13. Save.

14. Close the Child Ranges Window.

15. (B)View Hierarchies. Note the account values included by the parent definition.

16. Close windows until you are back at the Navigator.

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Solution – Enter Values
Enter Values

1. Open the Values window

 (N) Setup > Financials > Flexfield > Key >Values

2. Find your XXCompany value set, enter the values and information for the segment. Note
that for each value you must tab completely through the row to see both Effective Date
information and Qualifier information.

Value Description Enabled Parent Allow Budgeting/Posting

00 Corporate Yes No Yes, Yes
01 Domestic Ops Yes No Yes, Yes
02 Europe SA Yes No Yes, Yes
03 Foreign Ops Yes No Yes, Yes
T Total All Yes Yes No, No
Companies

3. (B) Save

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4. Find your XXDepartment value set, enter the values and information for the segment. Note
that for each value you must tab completely through the row to see both Effective Date
Information and Qualifier information.

Value Description Enabled Parent Allow Budgeting/Posting

000 Balance Sheet Yes No Yes, Yes
100 Administration Yes No Yes, Yes
150 Finance Yes No Yes, Yes
175 Advertising Yes No Yes, Yes
210 Production Yes No Yes, Yes
310 Sales & Marketing Yes No Yes, Yes
350 European Sales Yes No Yes, Yes
375 American Sales Yes No Yes, Yes
400 Corporate Yes No Yes, Yes
3XX Mass Allocation Yes Yes No, No
Rollup

5. (B) Save

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6. Enter the values for the XXAccount segment.

Value Description Enabled Parent Allow Account Type

Budgeting
/Posting
1110 Cash Yes No Yes, Yes Asset
1210 Accounts Receivable Yes No Yes, Yes Asset
1260 Allowance for Bad Debt Yes No Yes, Yes Asset
1550 Vehicles Yes No Yes, Yes Asset
1560 Computer/Software Yes No Yes, Yes Asset
1570 Asset Clearing Yes No Yes, Yes Asset
2210 Accounts Payable Yes No Yes, Yes Liability
2225 Accrued Expenses Payable Yes No Yes, Yes Liability
2990 Suspense Yes No Yes, Yes Liability
3310 Retained Earnings Yes No Yes, Yes Ownership/Stock
3500 Translation Adjust Yes No Yes, Yes Ownership/Stock
4100 Total Revenue Yes Yes No, No Revenue
4110 Hardware Sales Yes No Yes, Yes Revenue
4120 Support Contracts Yes No Yes, Yes Revenue
4130 Training Yes No Yes, Yes Revenue
5100 Total Expense Yes Yes No, No Expense
5105 Salaries Yes No Yes, Yes Expense
5150 Commission Yes No Yes, Yes Expense
5510 Telephone Yes No Yes, Yes Expense
5520 Postage Yes No Yes, Yes Expense
5650 Bad Debt Expense Yes No Yes, Yes Expense
5750 Health and Welfare Yes No Yes, Yes Expense
7640 Airfare Yes No Yes, Yes Expense
7690 Meals Yes No Yes, Yes Expense
7990 Rounding Difference Yes No Yes, Yes Expense
7999 Suspense - Manual Yes No Yes, Yes Expense
8100 Unrealized Gain/Loss Yes No Yes, Yes Expense
9110 Headcount -STAT Yes No Yes, Yes Expense
9930 Default Intercompany Yes No Yes, Yes Asset
Receivable

Copyright © Oracle, 2007. All rights reserved.

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Value Description Enabled Parent Allow Account Type
Budgeting
/Posting
9940 Default Intercompany Yes No Yes, Yes Liability
Payable

7. (B) Save.

Define Parent Accounts

8. Responsibility = General Ledger, Vision Operations

9. Navigate to the Values window.

 (N) Setup > Financials > Flexfield > Key >Values

Copyright © Oracle, 2007. All rights reserved.

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10. Find your Department value set and enter child range information for the MAR parent value.

From To Include
310 375 Child Values Only

11. Find your Account value set and enter child range information for the Total Revenue parent
account.

From To Include
4101 4999 Child Values Only

Copyright © Oracle, 2007. All rights reserved.

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12. Still on the Account value, enter the child range information for the Total Expense parent
account.

From To Include
5101 7899 Child Values Only

13. Save.

14. Close the Child Ranges Window.

Copyright © Oracle, 2007. All rights reserved.

Practice - Enter Values 723327342.doc

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15. (B)View Hierarchies. Note the account values included by the parent definition.

16. Close windows until you are back at the Navigator.

Copyright © Oracle, 2007. All rights reserved.

Practice - Enter Values 723327342.doc

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