01: Oracle Financials Cloud
02: Navigating in General Ledger and Functional Setup Manager
02 A: Getting Started in Oracle Cloud Applications
02 B: Exploring the Functional Setup Manager
03: Reviewing Enterprise Structures
03 A: Reviewing Shared Components
03 B: Searching for a Legal Entity
03 C: Entering Values
03 D: Defining Cross-Validation Rules
03 E: Creating an Account Combination
03 F: Creating an Account Shorthand Alias
04: Exploring Calendars and Ledgers
04 A: Creating a Calendar
04 B: Creating a Primary Ledger
04 C: Specifying Ledger Options
04 D: Defining Reporting Currencies
04 E: Completing the Ledger Configuration
04 F: Creating a Ledger Set
04 G: Reviewing Data Access Set Security
04 H: Opening the First Accounting Period
05: Creating Journal Entries
05 A: Creating a Journal Source and Category
05 B: Entering and Posting a Manual Journal
05 C: Reverse a Journal Manually
05 D: Entering and Posting a Journal in a Spreadsheet
05 E: Using the Account Monitor
06: Using Foreign Currencies
06 A: Creating a Currency
06 B: Creating Conversion Rate Types
06 C: Entering Daily Rates
06 D: Entering and Reviewing a Foreign Currency Journal
07: Managing Inter-company Transactions
07 A: Creating Inter-company Transactions with Invoice Generation
07 B: Running the Reconciliation Report
07 C: Creating Inter-company Transactions Using a Spreadsheet
08: Performing Period Close
08 A: Creating and Generating an Allocation Rule
08 B: Defining and Running a Revaluation
08 C: Creating a Translation
09: Maintaining General Ledger Options
09 A: Creating a Suspense Account
09 B: Creating a Statistical Unit of Measure
09 C: Creating a Processing Schedule
10: Performing Consolidations
10 A: Creating a Chart of Accounts Mapping
10 B: Submitting the Transfer Ledger Balances Process
01: Oracle Financials Cloud
General Ledger Functions and Features
• Information Access: Information is stored in the General Ledger and accessed through online inquiries or reporting and analysis tools such as Smart View, General Accounting infolets, and the Account Monitor. Oracle Fusion General Ledger is the repository of your organization's financial information.
• Financial Controls: Use security features to control access to specific areas and functions of General Ledger.
• Data Collection: Collect data from Oracle Fusion subledgers and non-Oracle feeder systems using journal import, ADF Desktop Integrator, and file-based import.
• Financial Reporting and Analysis: Select from a variety of reporting and analytical tools including the Financial Reporting Center and the BI (Business Intelligence) Catalog.
The General Ledger accounting cycle uses the following steps:
• Open an accounting period.
• Create manual journals, import subledger journals and reverse accrual journals.
• Post your journal batches manually or automatically. The Posting process populates the multidimensional GL balances cube and the relational GL balances table.
• Review the balances created by the posted journals and reconcile the balances to your source subledgers.
• If multicurrency journals exist run the period-end revaluation process. And if subsidiary ledgers in different currencies exist run the translation process.
• If subsidiary ledgers exist, perform consolidation to the parent or corporate ledger.
• Produce financial reports and perform online inquiries to review current account balances.
• Close the current accounting period.
• Open the next accounting period.
Please click on the below link for more details:
Fusion GL – Oracle Fusion General Ledger Training Manual
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