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Accounting Setup Manager

Accounting Setup Manager. R12 General Ledger Management Fundamentals. Objectives. After completing this lesson, you should be able to do the following: Describe Accounting Setups Ledger Processing Options Secondary Ledgers Describe Reporting Currencies

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Accounting Setup Manager

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  1. Accounting Setup Manager R12 General Ledger Management Fundamentals

  2. Objectives After completing this lesson, you should be able to do the following: Describe Accounting Setups Ledger Processing Options Secondary Ledgers Describe Reporting Currencies Describe Accounting Setup Considerations Accounting Setups with One Legal Entity Accounting Setups with Multiple Legal Entities Accounting Setups with No Legal Entities

  3. Accounting Setups • An accounting setup is based on several factors, such as: • legal environment • number of legal entities maintained in the same primary ledger • business needs • transaction processing needs

  4. Ledger Processing Options • This table is an example of ledger attributes for a global company that has four legal entities—two in the U.S., one in the U.K., and one in France.

  5. Secondary Ledgers • Additional ledgers called secondary ledgers can optionally be assigned to an accounting setup to maintain multiple accounting representations for the same legal entity. For example: • Subledger Level Secondary Ledgers • Journal Level Secondary Ledgers • Balance Level Secondary Ledgers • Adjustments Only Secondary Ledgers

  6. Reporting Currencies • If you only need a different currency representation of the primary or secondary ledgers, assign reporting currencies to them. For example: • Subledger Level Reporting Currency • Journal Level Reporting Currency • Balance Level Reporting Currency

  7. Accounting Setup Considerations

  8. One Legal Entity Assign one legal entity to an accounting setup type… …Provided your legal entities meet certain criteria. Accounting Setups with One Legal Entity

  9. …Multiple legal entities can share the same primary ledger attributes. Multiple Legal Entities When an accounting setup has more than one legal entity… Accounting Setups with Multiple Legal Entities

  10. …Can be used for multiple purposes according to business needs. No Legal Entities Accounting setups that have no legal entities assigned… Accounting Setups with No Legal Entities

  11. Designing the Chart of Accounts • Feature Comparison by Accounting Setup • The number of legal entities assigned to an accounting setup affects different key features available in the E-Business Suite. • Review the features in the following table to understand how different features are affected.

  12. Summary In this lesson, you should have learned how to: Describe Accounting Setups Ledger Processing Options Secondary Ledgers Describe Reporting Currencies Describe Accounting Setup Considerations Accounting Setups with One Legal Entity Accounting Setups with Multiple Legal Entities Accounting Setups with No Legal Entities

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