Savola

Release 12 General Ledger

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 Agenda

• Process Overview
• Integration with Modules
• Key Functionalities Overview
 Accounting Set Up Manager
 Types of Ledgers
 Types of Journals
 Consolidation, Translation, Revaluation
 Budgets

• Security
• Open Interface
• Reports

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General Ledger Process

Originating in
GL
General
Ledger Sub Modules
Process

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 Integration with Other Modules
Asset Cost Invoices
Depreciation Expense Payments
Oracle Oracle Discounts Oracle
Retirement Gain/Loss
Inventory Assets Foreign Gains/Losses Payables
Encumbrances

Cost of Sales
Adjustments
Material Usages

Oracle Oracle
Oracle Encumbrances
General Project
Purchasing
Ledger Accounting

Journal Entries

Oracle Invoice / Billing Oracle External

Employees
Receivables Receipts HR & Payroll Cost Systems
Adjustments Payroll
Debit/Credit memos
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 Accounting Setup Manager

“Accounting Set Up Manager provides a

central point of control meeting the objective
of maintaining complex accounting and
reporting requirements while adhering to
statutory, corporate requirements and
business needs”.

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 Accounting Setup Manager

Legal Entities Ledgers

Operating Units

Accounting Setup
Manager

Reporting
Subledger Currencies
Accounting

Inter & Intra Accounting &

Company Reporting
Accounting Sequences
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Accounting Setup Manager

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 Types of Ledgers
Primary Ledgers Secondary Ledgers Reporting Ledgers

• Main, record-keeping • Optional, additional accounting •Optional Currency representation

representations of your primary of PL or SL
ledger
ledger
• Defined by 4Cs: • Can differ in one or more of the
– Chart of accounts following from the primary ledger: • Only differs in
– Accounting calendar – Chart of accounts – Currency
– Primary currency – Accounting calendar
– Sub ledger Accounting – Primary currency
Method – Sub ledger Accounting Method

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 Multiple Accounting Representations

Maintaining Multiple Accounting Representations with Secondary

Ledgers
Legal Entity

Corporate Ledger Local Statutory Ledger

Accounting (Primary Ledger) (Secondary Ledger)

Subledger Transactions

Other
Transaction AP AR FA
Subledgers

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 Conversion Level for Secondary Ledger

Level of Detail Desired Path to Secondary Ledger

Balances Level Use GL Consolidation

to Transfer Balances

Use Posting for

GL Journals Level
Automatic Journals
Replication

Sub ledger Journals Use SLA for Automatic

Maintenance
AP AR FA Level

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 Conversion Level for Reporting Currency

Level of Detail Desired Path to ALC

Balance Level Use GL Translation

Use GL Posting
Journal Level
(Similar to Thin-MRC)

Use SLA for

Subledger Level
Automatic Maintenance
AP AR FA (Similar to Full-MRC)

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 Scenarios' for Secondary & Reporting

If one or more of the following are different, If difference is

only currency,
4Cs of a Primary Ledger

IAS GAAP
Accrual
Corporate Monthly Accounting Currency
Chart of Calendar Method Use Reporting
accountsUse a Secondary Ledger Currencies

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 Types of Journals
Manual Journals

Imported Journals

Recurring Journals

Mass Allocation

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 Journal Entry Flow
Enter Yes Supply
Foreign
Journals Exchange
Currency?
Rate

Post Generate
Review No Journals
Journals Reports

No Is the Generate
Journal Entry Reversal
Correct? Journal Voucher

Is the Mark Journal

No
Post Journal Entry for
Journals Correct? Reversal

Yes

Generate
Reports

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Manual Journals

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 Recurring Journals
Recurring Journals for transactions that
occur every Accounting Period

Create three types of Journals using

Recurring Journals

O Skeleton Journals

O Standard Journals

O Formula Journals

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Recurring Journal

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 Mass Allocation Journals

1/3
1/3
1/3 Southern
Northern
Scottish

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Mass Allocation Journal

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 Consolidation

Subsidiary 1 Subsidiary 2 Subsidiary 3

Set of Books Set of Books Set of Books

CONSOLIDATE

Parent
Set of Books

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 Translation

• Translation and re-measurement

methods
• Period average and end rates
• historical rates
• Period to date and year to date
modes
• Translation method

chil Par
d ent
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 Translation
Functional Currency

KWD KWD KWD

TRANSLATE

USD USD USD

Foreign Currency

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 Revaluation
converts to

USD KWD

Foreign currency Functional currency

REVALUE

converts to

USD KWD

Functional currency
Foreign currency

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Budgets

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 Security
Cross Validation Rules Security Rules
Cross validation rules prevent the combination of Security gives you the capability to restrict the set of values a
certain segment values in the chart of accounts. user can use during data entry

 Definition Access sets

• Control access to setup/reference independently of data security

• Enable setup sharing across ledgers and ledger sets
• Enable setup autonomy within multi-legal entity ledgers
• Set up view, modify, and usage privileges
• Accounting Calendars • Elimination Sets
• Auto Allocations • FSG Reports and
Data Access Sets • AutoPost Criteria Sets components
Access multiple legal entities and ledgers from a single GL responsibility • • Mass Allocation
Auto Reversal Criteria Sets
• Budget Formulas • Mass Budgets
• Budget Organizations • Rate Types
• Chart of Accounts Mappings • Recurring Journals
• Consolidation Definitions • Revaluations
• Consolidation Sets • Transaction Calendars

Control Accounts
Restrict the usage of Control Accounts in manual Journal
Entry
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Open Interfaces

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 Reports

1. Financial Statement Generator

2. Account Analysis
3. Accounting Set Up Manager Post-
Update Diagnosis Report
4. Consolidation Journals Report
5. Journals Day Book
6. Trail Balance
7. Import Journals

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 Financial Statement Generator
FSG Reports

Rows

columns Income Company

statement
column set
PTD YTD
Row Set A Sales 3000 6200
Returns
3001 1200
Net Sales
2000 5000

Balance Sheet

column set YTD Last Y

Row Set B 3000 4200
Cash
Investments 3001 2200
receivables
3000 2000

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FSG Ouput

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Thank you
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