Business Forum

The purpose of this document is to provide a general discussion on all the default accounts used by the Oracle applications sub ledgers. Also discussed are major concepts involved in the definition of the new Chart of Accounts (Accounting Flexfield). The Oracle Applications default accounts must al

Every organization has its own chart of account with its own hierarchy trees that suit their business operations , enterprise structure and financial reporting requirement that is why Oracle has never been able to deliver out of the box financial statements that suits every organization. Though we a

The Business requirements My client has operations in 14 other countries that span over APAC, EMEA and Latin America while headquarter is based out of Washington DC USA. We have configured separate primary ledger for each country that has a different currency than USD while balances are translated

Executive summary Today I am going to share a solution i have implemented for previous O&G client based in Texas that went live on Oracle cloud financials while maintaining their travel expenses on Concur SAP. You can implement Oracle ERP Cloud Service while co-existing with your current employ

Topic: Configuration: Oracle Financials - Embed an OTBI Analysis Many of my previous implementations had a requirement to display more details on the standard transaction ADF to help them make desicions related to processing these transactions. in this article we will address this requirement by

Executive summary As per the Financial Accounting Standards Board, FASB 52, if an entity’s books of records are not maintained in its functional currency, the financial statements of that entity needs to be re-measured into its functional currency. Re-measurement of functional currency is required p

1. First you need to create a new accounting method by creating a copy of the standard accounting method. 2. Create a custom journal entry rule set. 3. put an end date to standard journal lines with accounting class as 4. Create a new account rule as depicted • Item expense • Tax •

Introduction Personalization refers to changes that a user can make to certain artifacts in the ERP Cloud application on the user interface. These changes can be made to apply for a specific user or for all users accessing the applications. Personalization can be used to change properties of field