ORACLE FUSION FINACE

1. MODULE- GENERAL LEDGER
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J2 Global, Inc

2. General Ledger Content/Functionalities
1. General Ledger Overview
2. General Ledger Accounting cycle
3. General Ledger Integrations
4. General Ledger Objectives
5. General Ledger Setups
 Chart of Accounts
 Accounting Calendar
 Accounting Currency
 Sub ledger Accounting Method
 Primary Ledger
 Secondary Ledger
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3. General Ledger Content/Functionalities
 Specify Ledger options etc….
4. Legal entity and ledger creation
5. Reports
6. Period End Process
7. Question and Answers
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4. General Ledger Overview
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Consider the guidelines in this chapter as you set up General Ledger for your
organization. References in this chapter to other areas of this and other Oracle EBusiness
Suite User's Guides can enhance your understanding of how setting up
General Ledger affects the behavior of specific features and functions.
KEY BUSINESS BENEFITS
Oracle General Ledger enables you to:
 Capitalize on global opportunities through centralized ledger and legal entity accounting
related setup
 Address external, management, and local reporting needs with a flexible ledger architecture
 Gain efficiencies with highly automated financial processing
 Enforce controls with best-in-class governance, risk & compliance
 Drive performance with consistent financial information

5. 5
J2 Global- Confidential
General Ledger Accounting cycle

6. 6
General Ledger Integrations
This integration provides you with the opportunity to leverage the Oracle Fusion
Accounting Hub with minimal implementation effort and without disruption to your
current financial management processes. You can continue to use Oracle E-Business
applications for your procure-to-pay and the credit-to-collections processes without
disruption and you can also continue to account for transactions in Oracle General
Ledger without changing their accounting treatments.
The integration requires the following:
• Setting up basic mapping between Oracle E-Business Suite and Oracle Fusion.
• Transferring balances between Oracle E-Business Suite and Oracle Fusion, which is
done through concurrent programs.

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General Ledger Objectives
It’s main objective is to integrate both Procure to pay and Order to cash process
General Ledger
HCM Order management
Accounts
Receivable
Inventory
Procurement
Accounts
Payable
Cash Management
Iexpenses
Fixed Assets
CRM
Collections
Procure to pay
Order to cash

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General Ledger Setups
 4 c’s Creation
Manage Currency :

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10. 10
General Ledger Setups
Manage Calender :

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12. 12
Chart of Accounts
1. Manage chart of accounts value set:

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Chart of Accounts
2. Manage chart of accounts Structure :

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Chart of Accounts
3. Manage Chart of account Structure instances:

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Chart of Accounts
4. Manage Chart of account value set values :

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Chart of Accounts
5. Manage Deploy Flex fields :

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Legal entity and ledger creation
Ledger is a reporting entity. In which recording day to day transactions and it will determine the 4 c’s in
the organization. One business group contains multiple ledgers but one ledger must be associated with
only one business group
Legal entity is nothing but tax authority for generates tax report. One ledger entity contains multiple
legal entities but one legal entity must be associated with one ledger
Steps to be follow to create legal entity and ledger
 Mange legal address
 Manage legal entity
 Manage primary ledger
 Specify Ledger options
 Assign legal entity to ledger
 Assign Balancing segment values to legal entity
 Run Review & submit accounting configuration
 Assign data roles to user
 Assign data access set
 Open periods

18. Reports
 Journal day book report
 General ledger account details report
 Journal batch summary report
 General ledger trial balance report
 General ledger journal entry report
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19. Thank you
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Question and Answers