General Ledger SIG Rob Zwiebach October 11, 2009
<ul><li>Purpose: This document provides an overview of features and enhancements included in Release 12.  It is intended s...
Introduction to Solution - Definition Oracle Subledger Accounting: Oracle Subledger Accounting is a rules-based engine for...
Background Purchasing Projects Inventory Leasing Payroll Each Subledger Generated Accounting Entries Individually Payables...
Background <ul><ul><li>Inconsistencies in Accounting Generation </li></ul></ul><ul><ul><ul><li>Summary vs. Detail </li></u...
Background <ul><ul><li>Certain European countries require statutory accounting in addition to corporate requirements </li>...
Introduction to Subledger Accounting Purchasing Projects Inventory Leasing Payroll Subledger Accounting  to the Rescue Pay...
Introduction to Subledger Accounting <ul><ul><li>Rule-based accounting engine, toolset & repository supporting Oracle E-Bu...
Introduction to Subledger Accounting <ul><ul><li>There are no SLA responsibilities </li></ul></ul><ul><ul><li>Users do not...
Introduction to Subledger Accounting <ul><ul><li>SLA generates accounting for Oracle Applications </li></ul></ul><ul><ul><...
Introduction to Subledger Accounting  Invoice Internal Identifier: 1001 Ledger: FR Statutory GL Date: 2-Mar-2006 Invoice# ...
This is a transaction This is a transaction This is NOT an accounting entry
Transactions vs. Accounting <ul><ul><li>SLA provides a distinction between a  transaction  and the  accounting representat...
Subledger vs. GL Journal Entries Invoice No: 136274 GL Date: 01/27/07 3 rd  Party: Fender 101.100.63580.0000.720.000.000 6...
SLA – GL Flow Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting Create Accounting
SLA – GL Flow with Subledger-Level Secondary Ledger Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Imp...
SLA – GL Flow with Journal-Level Secondary Ledger Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Impor...
SLA – GL Flow with Balance-Level Secondary Ledger Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Impor...
SLA – GL Flow with Subledger-Level Reporting Currency Transaction SLA Journal Entry GL Journal Entry GL Balances Journal I...
SLA – GL Flow with Journal-Level Reporting Currency Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Imp...
SLA – GL Flow with Balance-Level Reporting Currency Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Imp...
Upcoming SlideShare
Loading in …5
×

GLSIG OOW-09 Meeting Preso

744 views

Published on

This is the presentation made by Rob Zweibach on SLA at the GLSIG meeting at Oracle Open world 2009

0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
744
On SlideShare
0
From Embeds
0
Number of Embeds
29
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide
  • General Ledger TOI Functional -
  • General Ledger TOI Functional -
  • General Ledger TOI Functional -
  • General Ledger TOI Functional -
  • General Ledger TOI Functional -
  • General Ledger TOI Functional -
  • General Ledger TOI Functional - SLA tracks how the journal entry is built from a transaction. On the left side of the screen, we are seeing an invoice for two items, freight and tax. On the right, we are seeing 2 entries created: one on the US corporate ledger and on the FR statutory ledger. The expense entry is created for the two item lines of the invoice. The following two lines for freight and tax respectively. The rules have been setup to summarize all and create a single liability entry. We could also configure the rule so that 3 or 4 separate liability lines were created. SLA stores, and allows tracking how each line of the invoice contributed to the journal entry.
  • GLSIG OOW-09 Meeting Preso

    1. 1. General Ledger SIG Rob Zwiebach October 11, 2009
    2. 2. <ul><li>Purpose: This document provides an overview of features and enhancements included in Release 12.  It is intended solely to help you assess the business benefits of upgrading to Release 12. </li></ul><ul><li>Disclaimer: This document in any form, software or printed matter, contains proprietary information that is the exclusive property of Oracle.  Your access to and use of this confidential material is subject to the terms and conditions of your Oracle Software License and Service Agreement, which has been executed and with which you agree to comply.  This document and information contained herein may not be disclosed, copied, reproduced or distributed to anyone outside Oracle without prior written consent of Oracle.  This document is not part of your license agreement nor can it be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates.   This document is for informational purposes only and is intended solely to assist you in planning for the implementation and upgrade of the product features described.  It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions.  The development, release, and timing of any features or functionality described in this document remains at the sole discretion of Oracle.   Due to the nature of the product architecture, it may not be possible to safely include all features described in this document without risking significant destabilization of the code. </li></ul>
    3. 3. Introduction to Solution - Definition Oracle Subledger Accounting: Oracle Subledger Accounting is a rules-based engine for generating accounting entries based on source transactions from ALL Oracle Applications.
    4. 4. Background Purchasing Projects Inventory Leasing Payroll Each Subledger Generated Accounting Entries Individually Payables Assets Receivables
    5. 5. Background <ul><ul><li>Inconsistencies in Accounting Generation </li></ul></ul><ul><ul><ul><li>Summary vs. Detail </li></ul></ul></ul><ul><ul><ul><li>Direct to General Ledger vs. Open Interface </li></ul></ul></ul><ul><ul><li>Inconsistent Drilldown from General Ledger </li></ul></ul><ul><ul><li>Inconsistent Mechansims for Controlling Accounting </li></ul></ul><ul><ul><ul><li>FlexBuilder </li></ul></ul></ul><ul><ul><ul><li>Account Generator </li></ul></ul></ul><ul><ul><ul><li>Automatic Offsets </li></ul></ul></ul><ul><ul><ul><li>Etc. </li></ul></ul></ul><ul><ul><li>Duplication of Development Effort </li></ul></ul>Issues with this Approach:
    6. 6. Background <ul><ul><li>Certain European countries require statutory accounting in addition to corporate requirements </li></ul></ul><ul><ul><li>Similar requirement in certain regulated industries (e.g. Insurance) </li></ul></ul><ul><ul><li>Global Accounting Engine (AX) introduced to address European requirement </li></ul></ul><ul><ul><li>Non-AX customers use consulting extensions and/or Global Consolidation System (GCS) </li></ul></ul>Requirement for Multiple Accounting Representations
    7. 7. Introduction to Subledger Accounting Purchasing Projects Inventory Leasing Payroll Subledger Accounting to the Rescue Payables Assets Receivables
    8. 8. Introduction to Subledger Accounting <ul><ul><li>Rule-based accounting engine, toolset & repository supporting Oracle E-Business Suite modules </li></ul></ul><ul><ul><li>Allows multiple accounting representations for a single business event, resolving conflicts between corporate and local fiscal accounting requirements </li></ul></ul><ul><ul><li>Retains the most granular level of detail in the subledger accounting model, with different summarization options in the General Ledger, allowing full auditability and reconciliation </li></ul></ul><ul><ul><li>Introduces a common data model and UI across subledgers, replaces various disparate 11i setups, providing single source of truth for financial and management analysis </li></ul></ul>
    9. 9. Introduction to Subledger Accounting <ul><ul><li>There are no SLA responsibilities </li></ul></ul><ul><ul><li>Users do not login to SLA </li></ul></ul><ul><ul><li>SLA is a service provided to Oracle Applications </li></ul></ul><ul><ul><li>SLA forms and programs are embedded within standard Oracle Application responsibilities (e.g. Payables Manager) </li></ul></ul><ul><ul><li>SLA provides the following services to Oracle Applications: </li></ul></ul><ul><ul><ul><li>Generation and storage of detailed accounting entries </li></ul></ul></ul><ul><ul><ul><li>Storage of subledger balances (e.g. third party control account balances) </li></ul></ul></ul><ul><ul><ul><li>Subledger accounting entries (with drilldown to transactions) </li></ul></ul></ul><ul><ul><ul><li>Subledger reporting (e.g. Subledger journal reports, open account balances listing) </li></ul></ul></ul>Subledger Accounting is a Service , not an Application
    10. 10. Introduction to Subledger Accounting <ul><ul><li>SLA generates accounting for Oracle Applications </li></ul></ul><ul><ul><li>Financial Services Accounting Hub (FSAH) generates accounting for any transaction source (Oracle or non-Oracle) </li></ul></ul><ul><ul><li>SLA is included with any E-Business Suite license </li></ul></ul><ul><ul><li>FSAH is a separate product that must be licensed separately </li></ul></ul><ul><ul><li>FSAH was introduced last year with 11i BUT: </li></ul></ul><ul><ul><ul><li>It is not compatible with 11i Oracle subledgers </li></ul></ul></ul><ul><ul><ul><li>It was essentially a pre-release of the R12 version </li></ul></ul></ul>SLA and Financial Services Accounting Hub
    11. 11. Introduction to Subledger Accounting Invoice Internal Identifier: 1001 Ledger: FR Statutory GL Date: 2-Mar-2006 Invoice# 100 Supplier: ABC Networks Invoice #100 ABC Networks 2 Monitors – Marketing $1000 5 Printers – Marketing $ 500 Freight $ 100 Tax $ 110 Total $1710 Ledger: US Corporate GL Date: 2-Mar-2006 Invoice# 100 Supplier: ABC Networks Invoice Internal Identifier: 1001 DR CR 1 Expense 01-EXP-200 $1500 2 Freight 01-FR-200 $100 3 Tax 01-TX-200 $110 4 Liability 01-LIAB-200 $1710 Invoice Line 1 Invoice Line 2 Invoice Line 3 Invoice Line 4 Transactions and Accounting Entries
    12. 12. This is a transaction This is a transaction This is NOT an accounting entry
    13. 13. Transactions vs. Accounting <ul><ul><li>SLA provides a distinction between a transaction and the accounting representation of the transaction </li></ul></ul><ul><ul><li>Accounting distributions did not necessarily go away </li></ul></ul><ul><ul><ul><li>Needed for upgrade customers </li></ul></ul></ul><ul><ul><ul><li>Needed as starting point for SLA (Don’t want to force customers to define their own SLA rules) </li></ul></ul></ul><ul><ul><ul><li>In some cases, necessary to allow user input </li></ul></ul></ul><ul><ul><li>Most default SLA rules just ‘pass through’ the distribution accounts (where applicable) </li></ul></ul><ul><ul><li>If you modify SLA rules, the ultimate accounting entry may not match the distributions. </li></ul></ul><ul><ul><li>OK because distribution accounts are just defaults </li></ul></ul>
    14. 14. Subledger vs. GL Journal Entries Invoice No: 136274 GL Date: 01/27/07 3 rd Party: Fender 101.100.63580.0000.720.000.000 6,000 EUR 101.100.22100.0000.000.000.000 6,000 EUR Invoice No: 131299 GL Date: 01/27/07 3 rd Party: Gibson 101.100.63580.0000.720.000.000 3,000 EUR 101.100.22100.0000.000.000.000 3,000 EUR Invoice No: 116555 GL Date: 01/27/07 3 rd Party: Kramer 101.100.63580.0000.720.000.000 2,000 EUR 101.100.22100.0000.000.000.000 2,000 EUR Batch: AP Invoices 27-Jan-07 GL Period: Jan-07 101.100.63580.0000.720.000.000 11,000 EUR 101.100.22100.0000.000.000.000 11,000 EUR SLA JE #1 SLA JE #2 SLA JE #3 GL JE #1 (New Slide)
    15. 15. SLA – GL Flow Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting Create Accounting
    16. 16. SLA – GL Flow with Subledger-Level Secondary Ledger Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting Create Accounting
    17. 17. SLA – GL Flow with Journal-Level Secondary Ledger Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting GL Journal Entry GL Balances Posting Create Accounting Posting
    18. 18. SLA – GL Flow with Balance-Level Secondary Ledger Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting GL Journal Entry GL Balances Create Accounting GCS Posting
    19. 19. SLA – GL Flow with Subledger-Level Reporting Currency Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting Create Accounting
    20. 20. SLA – GL Flow with Journal-Level Reporting Currency Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting GL Journal Entry GL Balances Posting Create Accounting Posting
    21. 21. SLA – GL Flow with Balance-Level Reporting Currency Transaction SLA Journal Entry GL Journal Entry GL Balances Journal Import Posting GL Balances Create Accounting Translation

    ×