Summary Account R12 General Ledger

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Summary Account R12 General Ledger

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Summary Account R12 General Ledger

  1. 1. Summary Account R-12 General Ledger Presents A Webinar
  2. 2. Disclaimer <ul><li>All other trademarks, service marks and logos used in this webinar are the trademarks, service marks or logos of their respective owners. </li></ul><ul><li>The views expressed in this webinar are views of the speakers and do not necessarily reflect the views of iWare Logic Pvt. Ltd </li></ul>
  3. 3. Agenda <ul><li>Understand Summary Accounts </li></ul><ul><li>Effective use of Summary Accounts in General Ledger </li></ul><ul><li>Assigning Parent values to Rollup Groups </li></ul><ul><li>Creating Summary Accounts Template using Rollup Groups, D-value and T-value </li></ul><ul><li>Maintaining Summary Accounts </li></ul><ul><li>Specific Formula to identify number of summary accounts created by a template </li></ul>
  4. 4. Overview <ul><li>What are the Summary Accounts ? </li></ul><ul><li>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. </li></ul><ul><li>This is kind of on-line balance inquiry and you don’t directly enter anything. </li></ul>
  5. 5. 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
  6. 6. 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
  7. 7. Summary Accounts Versus Parent Values <ul><li>Parent Values </li></ul><ul><li>Summary Accounts </li></ul><ul><li>Store summary balances. </li></ul><ul><li>Do not store account balances. </li></ul><ul><li>View balances online. </li></ul><ul><li>Cannot be viewed online because they do not maintain balances. </li></ul><ul><li>Use in recurring journals or </li></ul><ul><li>budget formulas. </li></ul><ul><li>Cannot be used in recurring journals or budget formulas because they do not maintain balances. </li></ul><ul><li>Use the constant segment type </li></ul><ul><li>in Mass Allocations. </li></ul><ul><li>Use the looping segment type in Mass Allocations. </li></ul><ul><li>Get quicker FSG reporting </li></ul><ul><li>because no summations are required. </li></ul><ul><li>Result in slower FSG reporting because summations are required. </li></ul>
  8. 8. Summary Account Component <ul><li>Parent Values </li></ul><ul><li>Rollup Group </li></ul><ul><li>Summary Templates </li></ul>
  9. 9. Planning Summary Account <ul><li>Determine Summary account needs </li></ul><ul><li>Plan the summary account structure to meet reporting </li></ul><ul><li>Plan the parent segment value and roll up group that are needed for summary accounts needs </li></ul><ul><li>Plan the summary account template to generate multiple summary accounts </li></ul>
  10. 10. Plan Summary Account Structure <ul><li>Think about how you want to combine your summary views across different organizational dimensions </li></ul>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
  11. 11. Rollup Groups <ul><li>Rollup group is collection of parents segment values for a given segment </li></ul><ul><li>A value cannot belong to a rollup group unless it is a parent value that has child values </li></ul><ul><li>Parent values and child values belong to same value set, which is attached to a key flexfield segment </li></ul>
  12. 12. 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
  13. 13. Summary Account Template <ul><li>Summary account template are used to: </li></ul><ul><li>Creates summary accounts </li></ul><ul><li>Perform online summary inquiries </li></ul><ul><li>Speed processing of financial reports </li></ul><ul><li>The number of summary accounts the template creates depends on the template segment values </li></ul><ul><ul><ul><ul><li>Number of Detail Segment Values for each </li></ul></ul></ul></ul><ul><ul><ul><ul><li> segment with a “D” Value </li></ul></ul></ul></ul><ul><li>Number of summary X </li></ul><ul><li>account created = Number of Parent Segment Values for Each Segment with a Rollup Group Name </li></ul><ul><li> X </li></ul><ul><li>1 For Each Segment with a “T” value </li></ul>
  14. 14. 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
  15. 15. 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
  16. 16. 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
  17. 17. 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
  18. 18. 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
  19. 19. 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
  20. 20. Navigation to Rollup Group
  21. 21. Rollup Group for Department
  22. 22. Rollup Group for Account
  23. 23. Parent Hierarchy
  24. 24. Assigning Parent Value to Rollup Group
  25. 25. Freeze Rollup Group & Compile Accounting Flexfield
  26. 26. Navigation to Summary Account
  27. 27. Defining Summary Account
  28. 28. Navigation to Inquiry
  29. 29. Selecting appropriate Ledger
  30. 30. Output of Balance Enquiry
  31. 31. Web based Enquiry
  32. 32. Summary <ul><li>Understand Summary Accounts </li></ul><ul><li>Effective use of Summary Accounts in General Ledger </li></ul><ul><li>Assigning Parents values to Rollup Groups </li></ul><ul><li>Creating Summary Accounts Template using Rollup Groups, D-value and T-value </li></ul><ul><li>Maintaining Summary Accounts </li></ul><ul><li>Specific Formula to identify number of summary accounts created by a template </li></ul>
  33. 33. Questions and Answers Questions Answers
  34. 34. 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
  35. 35. Thank You iWare Logic Technologies Pvt. Ltd. Aditi Samruddhi, Baner, Pune, India - 411045 Email: [email_address] Website: www.iwarelogic.com

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