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Flow of Accounting Entries in Oracle Applications By: Sivakumar Ganesan
Flow of Accounting Entries in Oracle Applications By: Sivakumar Ganesan
By
Sivakumar Ganesan
E-Mail:sivakumar3009@gmail.com
Agenda
• Understanding the Accounting Flow in Oracle
Applications
• Transaction Flow
• Modules Covered
• Set up required in Oracle Applications
• Defaulting Accounts
• Posting to General Ledger from Sub-Ledger
• Posting in General Ledger
• Viewing the Trial Balance
Understanding the flow of Accounting in
Oracle Applications
Receivables Purchasing
Payables
Assets
SAP
Projects
Accounting
Engine
Cash Mgmt Cost Mgmt
Transaction Flow
• Create Opening Balances in General ledger and Subledger
• Place Purchase order
• Receive the Materials into Stores
• Receive the Supplier Invoice from Supplier
• Match the Supplier invoice with PO and make Payment
• Issue Materials to Production
• Complete the Production Order and Build Inventory
• Ship the Material to Customer
• Raise invoice on Customer
• Receive Cash from Customer
• Reconcile the Payment and Receipt in Cash Management
• Post Sub Ledger Transactions into GL
• Run Trial Balance and Financial Statements (Profit & Loss Account &
Balance Sheet
Modules Covered
• Oracle Purchasing
• Oracle Payables
• Oracle Inventory
• Oracle Manufacturing (WIP Accounting)
• Oracle Order Management
• Oracle Receivables
• Oracle Cash Management
• Oracle General Ledger
Cost Calculation
• Oracle Purchasing
Inventory Accruals
Transfer to Sub Inventory
Purchase Price Variance
Invoice Price Variance (IPV) and Exchange
Rate Variance
Return to Supplier From Receipt of Materials
Inter-organization Transfer
Accounting Events – Oracle Payables
• Invoices
Invoice
Invoice adjustment
Invoice cancellation
Prepayment application
Prepayment un-application
• Payments
Payment
Future dated payment maturity
Payment adjustment
Payment cancellation
Payment clearing
Payment un-clearing
Accounting Events – Manufacturing
(WIP)
• Oracle Inventory
Material Transfer from Stores to WIP
WIP Completions and Material Consumption
Entry
Operations Completion Entry
Finished Goods Stock Creation Entry
Inter-Org Transfer
Sub-Inventory Transfer
Accounting Events – Order Management
• Order Management
Cost of Goods Sold Entry in Inventory Module
Accounting Events – Oracle Receivables
• Transactions
Invoices
Debit Memos
Commitments
Invoices Against a Deposit
Invoice Against guarantee
Credit Memos
On Account Credit Memo
Accounting Events – Oracle Receivables
• Receipts
Unapplied Receipts
On account Receipt
Applied Receipt
Reverse Receipt
Charge back
Adjustments
Miscellaneous Receipts
Bills Receivables
Accounting Event – Cash Management