R12.2 Oracle General Ledger Management Fundamentals
Duration : 5 Days (40 Hours)
R12.2 Oracle General Ledger Management Fundamentals Course Overview:
The Oracle General Ledger Management Fundamentals R12.2 course is designed to provide students with a comprehensive understanding of how the Oracle general ledger system operates. It offers an overview of how the system supports accounting and financial reporting processes while integrating with other Oracle applications. Participants will gain insights into the operational aspects of Oracle General Ledger, learning how to configure and customize it according to their organization’s specific needs.
Intended Audience:
- Business Analysts
- Finance Professionals
- Operations Personnel
- Individuals involved in the management of a company’s general ledger
- Participants with previous experience in enterprise resource planning (ERP) and/or general ledger systems
- Operational and Finance Personnel new to Oracle E-Business Suite
- Individuals looking to upgrade their current system to Oracle E-Business Suite R12.2
- Participants with minimum or no prior experience with Oracle and the E-Business Suite, seeking to gain a fundamental understanding of the basics.
- Professionals seeking specialized training in Oracle’s R12.2 implementation for accounting and general ledger management.
Learning Objectives of R12.2 Oracle General Ledger Management Fundamentals:
1. Understand the system architecture of the R12.2 Oracle General Ledger Management product suite.
2. Build and maintain chart of accounts, balancing segment and accounting context setups.
3. Configure daily periodic and year-end processing activities.
4. Manage ledgers and prepare account analysis statements.
5. Create adjusting entries, set foreign currency exchange and create statutory accounts.
6. Create consolidation and allocations, use budgeting and set up reporting currencies.
7. Review and troubleshoot Internal and external reconciliations.
8. Create custom reports, recognize security rules, use MassAllocations, close periods.
9. Review closed periods for accuracy, define open periods for daily processing and use standard reports for audits.
10. Utilize new functionality such as ledger sets and Visual Analyzer for reporting.
Module 1: Oracle General Ledger Process
- Understanding the General Ledger Functions and Features
- Analyzing the General Ledger Accounting Cycle
- Reviewing General Ledger Integration Points
- Generating Standard Reports and Listings
Module 2: Ledger – Part 1
- Describing the Elements Required to Define Ledgers
- Identifying Attributes, Options and Settings to Define the Accounting Flexfield
- DefininIdentify the attributes, options and settings required to define the Accounting Flexfield
- Define an Accounting Calendar
- Enable Predefined Currencies
- Create Accounting Setuos
- Explain Reporting Currencies
- Define Accounting Options
Module 3: Ledger – Part 2
- Describe Segment Value Inheritance
- Define Flexfield and Cross Validation Security Rules
- Define Shorthand Aliases
- Utilize the Account Hierarchy Manager
Module 4: Advanced Security
- Describe Data Access Set Security
- Describe Management Reporting and Security
Module 5: Basic Journal Entries
- Describe How Journal Entries are Positioned in the Accounting Cycle
- Identify the Types of Journal Entries
- Create Manual Journal Entries
- Post Journal Entries using Various Posting Options
- Perform Account Inquiries
- Identify the Key Elements of Web Applications Desktop Integrator (Web ADI)
- Run the Create Accounting Program
- Describe Importing Journal Entries
Module 6: Summary Accounts
- Discuss Summary Accounts and How They are used in General Ledger
- Define Rollup Groups for Summary Account Creation
- Assign Parent Values to Rollup Groups
- Determine the number of Summary Accounts Created by a Template using a Specific Formula
- Enter Summary Account Templates to Create Summary Accounts
- Maintain Summary Accounts
- Discuss Key Implementation Considerations in Planning Summary Accounts
Module 7: Advanced Journal Entries
- Describe Advanced Journal Entries
- Identify the Key Issues and Considerations when Implementing the Advanced Journal Entry functions of Oracle General Led
- Explain the Business Benefits Derived from utilizing Oracle General Ledger’s Advanced Journal Entries Functions
Module 8: Financial Budgeting
- Understanding Anatomy of a Budget
- Completing the Budget Accounting Cycle
- Discussing Budget Entry Methods
- Uploading Budget Amounts
- Transferring Budget Amounts
- Freezing and Unfreezing Budget Amounts
Module 9: Multi-Currency
- Defining Foreign Currencies
- Entering Foreign Currency Journals
- Revaluing Foreign Currency Balances
- Translating Balances Into Foreign Currency
Module 10: Consolidations
- Identifying Consolidations Across the General Ledger Business Process
- Understanding Key Implementation Issues Across Consolidations
- Understanding the Global Consolidation System
- Defining the Elements of the Consolidation Workbench
Module 11: Period Close
- Understanding the Accounting Cycle Understanding Steps in the Close Process
- Understanding Steps in the Close Process
- Performing Journal Import of Sub-ledger Balances
- Generating Revaluation
- Understanding the Closing Period
- Consolidating Account Balances
Module 12: Financial Reporting
- Identifying Financial Reporting Across the General Ledger Business Process
- Understanding Basic Report Building Concepts
- Understanding the Financial Statement Generator
- Generating Financial Reports using the Standard Request Submission Form
R12.2 Oracle General Ledger Management Fundamentals Course Prerequisites:
- Prior knowledge of Oracle ERP is essential to benefit from this course.
- It is beneficial to have knowledge of basic financial systems and general ledger management.
- Attendees should have completed the course “Introduction to Oracle R12 Financials.”
- It is recommended that participants have attended at least one of the following courses: “Oracle R12 Accounts Payable Setups & Features,” “Oracle R12 Accounts Receivable Setups & Features,” or “Oracle R12 Cash Management Setups & Features.”
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- Access to the recordings of your class sessions for 90 days.
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