Summary Account R12 General Ledger

Summary Account R-12 General Ledger Presents A Webinar

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Agenda
Understand Summary Accounts
Effective use of Summary Accounts in General Ledger
Assigning Parent values to Rollup Groups
Creating Summary Accounts Template using Rollup Groups, D-value and T-value
Maintaining Summary Accounts
Specific Formula to identify number of summary accounts created by a template

Overview
What are the Summary Accounts ?
An account whose balance represents the sum of detail account balances is ''Summary account'' which can be used for faster reporting and inquiry as well as in formulas and Mass-allocations.
This is kind of on-line balance inquiry and you don’t directly enter anything.

Overview How summary Account maintain sum of balances of Multiple detail Account. Summary Expense Account....10,000 Detailed Expense Account A….. 2,000 Detailed Expense Account B…….6,000 Detailed Expense Account C…….2,000

Difference between Summary vs Detail Summary Accounts Provide many efficiencies for business processing Provide accurate and direct posting for transactions and journals Detailed Accounts Like Expense, etc

Summary Accounts Versus Parent Values
Parent Values
Summary Accounts
Store summary balances.
Do not store account balances.
View balances online.
Cannot be viewed online because they do not maintain balances.
Use in recurring journals or
budget formulas.
Cannot be used in recurring journals or budget formulas because they do not maintain balances.
Use the constant segment type
in Mass Allocations.
Use the looping segment type in Mass Allocations.
Get quicker FSG reporting
because no summations are required.
Result in slower FSG reporting because summations are required.

Summary Account Component
Parent Values
Rollup Group
Summary Templates

Planning Summary Account
Determine Summary account needs
Plan the summary account structure to meet reporting
Plan the parent segment value and roll up group that are needed for summary accounts needs
Plan the summary account template to generate multiple summary accounts

Plan Summary Account Structure
Think about how you want to combine your summary views across different organizational dimensions
Products Stores Departments Companies Detail Segments Industries Industry Groups Cost Centers Divisions Districts States Regions Product Groups Product Categories Rollup Group: Level 1 Rollup Group: Level 2 Rollup Group: Level 3 Summary of Organizational Levels

Rollup Groups
Rollup group is collection of parents segment values for a given segment
A value cannot belong to a rollup group unless it is a parent value that has child values
Parent values and child values belong to same value set, which is attached to a key flexfield segment

Rollup Group at COA Level Detail Value Rollup Group Parent Value Parent Value Detail Value Detail Value Detail Value Detail Value Detail Value Parent Value Rollup Group State Parents Detail Segments

Summary Account Template
Summary account template are used to:
Creates summary accounts
Perform online summary inquiries
Speed processing of financial reports
The number of summary accounts the template creates depends on the template segment values
Number of Detail Segment Values for each
segment with a “D” Value
Number of summary X
account created = Number of Parent Segment Values for Each Segment with a Rollup Group Name
X
1 For Each Segment with a “T” value

Template Values Your template creates and maintains a summary account for every detail segment. This value creates the most summary accounts of any template value. Your template creates and maintains a summary account that sums balances of all detail segments. Your template creates and maintains a summary account for each parent segment value assigned to the rollup group you specify. D Value T Value Rollup Group

Creation of Summary Account Suppose a company has the following account segments and values : D - T - Expense Company Department Account 00 - INDIA 10- UK 100- East 200- West 1001- Expense A 1002- Expense B 2000- Parent Value Rollup Group = Expense To create summary accounts to reflect total expense for each company, all departments, the following summary template would be defined: D - T - Expense This template would create the following summary accounts: 00 - T - 2000 10 - T - 2000

Maintain Summary Account Adding child ranges Removing child ranges Assigning a new value to a Rollup Group Removing a Rollup group assignment Changing a rollup group assignment

Maintaining Summary Template Posting automatically updates summary templates if you have added new detail accounts since your last posting for your ledger To improve the performance of your posting program, run the Maintain Summary Templates program to update your summary templates

Using Budgetary Control Step 1. To set up Summary Account Budgetary Control Options Step 2. Enter budgetary control options for Summary Account Template Step 3. Choose Incremental Add/Delete Summary Templates from the submit Request window

What does this incremental Add/Delete summary template program do ? Changes to your Flexfield Hierarchy? Run the Incremental Add/Delete Summary Templates program Run the Maintain Summary Template program

Navigation to Rollup Group

Rollup Group for Department

Rollup Group for Account

Parent Hierarchy

Assigning Parent Value to Rollup Group

Freeze Rollup Group & Compile Accounting Flexfield

Navigation to Summary Account

Defining Summary Account

Navigation to Inquiry

Selecting appropriate Ledger

Output of Balance Enquiry

Web based Enquiry

Summary
Understand Summary Accounts
Effective use of Summary Accounts in General Ledger
Assigning Parents values to Rollup Groups
Creating Summary Accounts Template using Rollup Groups, D-value and T-value
Maintaining Summary Accounts
Specific Formula to identify number of summary accounts created by a template

Questions and Answers Questions Answers

About iWare Logic iWare Logic is an Enterprise Business Applications Consulting company, specializing in Oracle Applications and Technologies. iWare Logic is an Oracle Gold Partner providing IT Services in areas like Oracle E-Business Suite, OAF, ADF, BI DW and DBA. iWare Logic offers Application Development delivery with focus on application customizations, workflows, integrations, and data conversions. We also provide skilled resources for on-site/off-shore projects for Oracle Enterprise Applications' Implementations and Support. For any queries, feel free to drop a mail to info@iwarelogic.com

Thank You iWare Logic Technologies Pvt. Ltd. Aditi Samruddhi, Baner, Pune, India - 411045 Email: [email_address] Website: www.iwarelogic.com

Summary Account R12 General Ledger

by iWare Logic Technologies Pvt. Ltd. on Sep 30, 2011

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Summary Account R12 General Ledger — Presentation Transcript