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General Ledger (GL)

Description:

In Oracle General Ledger you will learn how to use this application to enter journal entries, develop budgets, manage transactions between multiple companies, and prepare financial reports. After you are guided through the general ledger accounting cycle, you will create a set of books by defining a chart of accounts, a calendar, and currencies. Class exercises will give you practice in creating, adjusting, and posting different types of journal entries, producing budgets, entering inter-company transactions, and preparing standard and custom financial reports.

Prerequisites:

Knowledge of the general accounting functions

Course Objectives:

Create a set of books by defining a chart of accounts
Enter and post journals using various methods
Define and maintain budgets
Generate standard and Financial Statement Generator (FSG)
Process foreign and multiple currency transactions
Perform inter-company accounting and consolidate multiple
Enter transactions using average balance processing

Course Topics:

Create a Chart Of Accounts
Define value sets
Define accounting Flexfield structure
Define segment values

Create Calendars
Define Period Types
Define the Accounting Calendar

Create Currencies
Define Rate Types
Define Rates
Enable Seeded Currencies or Define New Currencies

Create a Set of Books
Link a Chart of Accounts to a Set of Books
Link a Functional Currency to a Set of Books
Link a Calendar to a Set of Books
Link a set of books to a responsibility

Create Basic Journal Entries
Enter manual and statistical journal entries
Change currencies
Create reversing journal entries
Create Recurring skeleton, standard and formula entries
Create Mass Allocation entries
Calculate tax
Execute journal import

Use Balancing Accounts
Define suspense and inter-company accounts
Define rollup groups
Create summary accounts
Maintain summary accounts

Transfer Balances Between Accounts
Merge balances from multiple accounts to one account
Create new account code combinations

Set Up Financial Controls
Define shorthand aliases, journal sources and journal categories
Maximize performance

Run Standard Reports
Define request sets
Run standard report requests
Monitor standard report requests
Create basic FSG reports and optional FSG components
Request financial reports

Use Foreign Currencies
Define daily conversion rates
Enter cross-currency rates
Create journal entries using foreign currency

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