GL_SETS_OF_BOOKS

GL_SETS_OF_BOOKS stores information about the sets of books you define in your Oracle
General Ledger application. Each row includes the set of books name, description, functional
currency, and other information. This table corresponds to the Set of Books form.

GL_IMPORT_REFERENCES

GL_IMPORT_REFERENCES stores individual transactions from subledgers that have been

summarized into Oracle General Ledger journal entry lines through the Journal Import
process. You can specify the journal entry sources for which you want to maintain your
transaction’s origin by entering ’Yes’ in the Import Journal References field of the Journal
Sources form.
For each source that has Import Journal References set to ’Yes’, Oracle General Ledger will
populate GL_IMPORT_REFERENCES with one record for each transaction in your feeder
system.

GL_DAILY_RATES

GL_DAILY_RATES stores the daily conversion rates for foreign currency transactions. It
replaces the GL_DAILY_CONVERSION_RATES table.
It stores the rate to use when converting between two currencies for a given conversion
date and conversion type. Each row in this table has a corresponding inverse row in which
the from and to currencies are switched.
For example, if this table contains a row with a from_currency of YEN, a to_currency of CND,
a conversion_type of Spot, and a conversion_date of January 1, 1997, it will also contain a
row with a from_currency of CND, a to_currency of YEN, a conversion_type of Spot, and a
conversion_date of January 1, 1997.

In general, this row will contain a rate that is the inverse of the matching row. One should
never insert directly into this table. They should instead insert into the
DAILY_RATES_INTERFACE table. Data inserted into the GL_DAILY_RATES_INTERFACE table
will be automatically copied into this table

GL_PERIODS

GL_PERIODS stores information about the accounting periods you define using the
Accounting Calendar form. Each row includes the start date and end date of the period, the
period type, the fiscal year, the period number, and other information. There is a one–to–
many relationship between a row in the GL_PERIOD_SETS table and rows in this table.

GL_JE_HEADERS

GL_JE_HEADERS stores journal entries. There is a one–to–many relationship between journal

entry batches and journal entries. Each row in this table includes the associated batch ID,
the journal entry name and description, and other information about the journal entry. This
table corresponds to the Journals window of the Enter Journals form. STATUS is ’U’ for
unposted, ’P’ for posted. Other statuses indicate that an error condition was found.
CONVERSION_FLAG equal to ’N’ indicates that you manually changed a converted amount in
the Journal Entry Lines zone of a foreign currency journal entry. In this case, the posting
program does not re–convert your foreign amounts. This can happen only if your user profile
option MULTIPLE_RATES_PER_JE is ’Yes’. BALANCING_SEGMENT_VALUE is null if there is only
one balancing segment value in your journal entry. If there is more than one,
BALANCING_SEGMENT_VALUE is the greatest balancing segment value in your journal entry.

GL_JE_LINES

GL_JE_LINES stores the journal entry lines that you enter in the Enter Journals form. There is
a one–to–many relationship between journal entries and journal entry lines. Each row in this
table stores the associated journal entry header ID, the line number, the associated code
combination ID, and the debits or credits associated with the journal line. STATUS is ’U’ for
unposted or ’P’ for posted.

GL_JE_BATCHES

GL_JE_BATCHES stores journal entry batches. Each row includes the batch name,
description, status, running total debits and credits, and other information. This table
corresponds to the Batch window of the Enter Journals form. STATUS is ’U’ for unposted, ’P’
for posted, ’S’ for selected, ’I’ for in the process of being posted. Other values of status
indicate an error condition. STATUS_VERIFIED is ’N’ when you create or modify an unposted
journal entry batch.
The posting program changes STATUS_VERIFIED to ’I’ when posting is in process and ’Y’
after posting is complete.

GL_BALANCES

GL_BALANCES stores actual, budget, and encumbrance balances for detail and summary
accounts. This table stores functional currency, foreign currency, and statistical balances for
each accounting period that has ever been opened.
ACTUAL_FLAG is either ’A’, ’B’, or ’E’ for actual, budget, or encumbrance balances,
respectively. If ACTUAL_FLAG is ’B’, then BUDGET_VERSION_ID is required. If ACTUAL_FLAG
is ’E’, then ENCUMBRANCE_TYPE_ID is required.

GL_BALANCES stores period activity for an account in the PERIOD_NET_DR and

PERIOD_NET_CR columns. The table stores the period beginning balances in
BEGIN_BALANCE_DR and BEGIN_BALANCE_CR.

An account’s year–to–date balance is calculated as BEGIN_BALANCE_DR –

BEGIN_BALANCE_CR + PERIOD_NET_DR – PERIOD_NET_CR. Detail and summary foreign
currency balances that are the result of posted foreign currency journal entries have
TRANSLATED_FLAG set to ’R’, to indicate that the row is a candidate for revaluation.

For foreign currency rows, the begin balance and period net columns contain the foreign
currency balance, while the begin balance and period net BEQ columns contain the
converted functional currency [Link] foreign currency balances that are the result of
foreign currency translation have TRANSLATED_FLAG set to ’Y’ or ’N’. ’N’ indicates that the
translation is out of date (i.e., the account needs to be re–translated). ’Y’ indicates that the
translation is current.

Summary foreign currency balances that are the result of foreign currency translation have
TRANSLATED_FLAG set to NULL. All summary account balances have TEMPLATE_ID not
NULL. The columns that end in ADB are not used. Also, the REVALUATION_STATUS column is
not
used.

GL_CODE_COMBINATIONS

GL_CODE_COMBINATIONS stores valid account combinations for each Accounting Flexfield

structure within your Oracle General Ledger application. Associated with each account are
certain codes and flags, including whether the account is enabled, whether detail posting or
detail budgeting is allowed, and others.
Segment values are stored in the SEGMENT columns. Note that each Accounting Flexfield
structure may use different SEGMENT columns within the table to store the flexfield value
combination. Moreover, the SEGMENT columns that are used are not guaranteed to be in
any order.

The Oracle Application Object Library table FND_ID_FLEX_SEGMENTS stores information

about which column in this table is used for each segment of each Accounting Flexfield
structure. Summary accounts have SUMMARY_FLAG = ’Y’ and TEMPLATE_ID not NULL. Detail
accounts have SUMMARY_FLAG = ’N’ and TEMPLATE_ID NULL.

ORACLE FINANCIAL

1. Oracle general ledger

2. Account payable

3. Account receivable

4. Fixed assets

5. Cash management

Oracle General Ledger

GENERAL LEDGER is the central repository for all accounting transactions

The source ledger group defines the ledgers that you are going to report on
in Daily Business (what ever daily production or transaction are recorded in
a book that books Called as ledger book)
Each numerical value in the general ledger must fall into one of the
following three Categories:

• Actual

• Encumbrances

• Budgets

The General Ledger module is where your chart of accounts, fiscal

calendar, and currency are defined in a relationship known as a set of
books. You can define more than one set of books in which this information
may vary according to the needs of your enterprise.

For example, you may have a manufacturing plant in Europe that requires
a different currency and fiscal calendar than your manufacturing plant in
the United States.

Therefore you would set up two different sets of books for these
manufacturing plants. The set of books relationship contains what is known
as the three Cs: Currency,

Calendar and Chart of Accounts.

Books

Calendar

Currency

Chart of Accounts

CALENDAR: - A calendar instance defines a particular occurrence of a calendar type. A

calendar instance is defined by assigning a start and an end date to a calendar type.

The start and end dates are dates most meaningful to your institution to represent the
calendar periods
You can define multiple calendars and assign a different calendar to each set of books.
For example, you can use a (monthly calendar) for one set of books, and a (quarterly
calendar) for another

Create calendar instances. Your calendar instances describe calendars, such as 2007
and 2008. A calendar instance is the start and end date for a particular calendar

TYPE, ACCOUNTING, TRANSACTION

TYPE:-at these screen we take a decision about the calendar type and
number of Periods per year along with adjustment periods

Navigation:-setup/financial/calendar/type

ACCOUNTING:-at these screen we assign the ranges of date or duration of

days

To the number of periods which is define in the above step

Add accounting periods to your calendar to define the number of periods in

the calendar year. You can add periods to a calendar at any time. Your
calendar can contain both adjusting and non-adjusting accounting periods

A calendar for a new year should contain the period, quarter, and
year, and there should be no missing days between periods.

Adjustment periods:-it is used to overlap to assign periods it can

consist of Single periods or multiple periods it also enjoys all the
status of normal periods accounting periods cannot overlap,
except for adjusting periods. If any of your non-adjusting
accounting periods overlap, General Ledger reports an error.

To create a new accounting calendar:

1. Either click the Create button or in the first blank Prefix field, enter a
prefix for the accounting calendar you want to create.
 2. Select a Type from the drop down list.

3. Enter a Year.

4. Enter a Quarter.

5. Enter a Number.

6. Select a From and To Date by clicking the Calendar icon. These are
required fields.

7. Enter a calendar name.

Navigation:-setup/financial/calendar/accounting

TRANSACTION CALENDAR:-

It is used to define weekly workday Patten for a business it is used to

define routine Holiday and non-routine holiday

In the fields provided in the Exception Type area, you can specify when you
want the exception to occur. You can set an exception to happen on a
given date each year, on a given date once ever, or on a regularly
occurring interval (example - first Monday in January).

To set the exception to occur on a specified date each year, click the top
radio button, select the month from the list of months, and select the day
from the list of days.

Navigation:-setup/financial/calendar/transactions

Currency

Use the Applications window to manually apply receipts that are in one
currency to one or more transactions in different currencies. For example,
you can apply a USD receipt to one invoice denominated in euros (EUR)
and another in Canadian dollars (CAD). You can apply receipts to invoices,
debit memos, and chargeback.

You can enter values for your actual foreign currency data in one of two
ways. You can specify the entered amount along with a conversion rate
type and date and let your General Ledger application calculate the
converted amount for you. Or, you can directly specify the entered and
converted amounts and not specify the conversion rate, type and date

Once you have created a multi-currency conversion list in the Multi-

Currency Conversion window you can attach it to a price list or agreement.
You can select the Multi-Currency Conversion List from the Currency
Conversion Criteria field in the price list or agreement.

Navigation:-setup/currency/define

Daily rates:-General Ledger uses daily rates to perform foreign

currency journal conversions. You can maintain daily conversion
rates between any two currencies that you have enabled in your
applications instance.

Period rates:-You can maintain period-average, period-end, and

revaluation exchange rates for any foreign currency you have
enabled. General Ledger uses

Historical rates:-Enter historical rates or amounts for translating

actual and budget account balances. You can enter rates for any
foreign currency you have enabled.

Flex field

You define descriptive information and validation information for

each segment. You also determine the appearance of your key
flex field window, including the size of the window, the number
and order of the segments, and the segment descriptions and
default values.

1. Name the structure and name view:(COMBINATION OF CODES)

2. Define segment (company, department, account, branch,

block, organization)

3. Define value set (modify the width, height, list of values)

4. Assign value set

5. Assign flexfields qualifier

6. Freeze the structure

Flex field qualifiers

Use this window to apply flex field qualifiers to your key flex field
segments. The window title includes the current flex field and
segment names.

For each qualifier, indicate whether it is enabled for your key flex
field segment.

Since you can set up your key flexfields in any way you prefer,
Oracle Applications products use flex field qualifiers to identify
certain segments used for specific purposes. You should consult
the help for your key flex field to determine whether your key flex
field uses qualifiers and what purposes they serve.

Some qualifiers must be unique, and you cannot compile your flex
field if you apply that qualifier to two or more segments. Other
qualifiers are required, and you cannot compile your flex field
until you apply that qualifier to at least one segment.
You should consult the Key Flexfields in Oracle Applications
section for your key flex field to determine whether your key flex
field uses qualifiers and what purposes they serve.

Account Type: Defines the account type for the (natural account segment)
value. You can enter only valid account types. Natural a/c type described
the account values like (expense, revenue, assets, liability, and other a/c)

Company type: - Defines the company type for the (balancing segment
value). When a transaction is enter which is unbalance and unposted
system set to be Death transaction is balance using suspense a/c
automatically

Department type: - define the department type for the (cost center
segment) Cost center is location of business which generate a revenue and
expenses

Multiple types: - define the multiple types for the (intercompany segment)
These segment is used to unable a transaction between two different
Company of a same organization and this is optional qualifier

Posting Allowed: Indicates whether General Ledger should allow detailed

posting to Accounting Flexfields with this segment value.

1. Freeze the flex field:-these is used to lock the setup so that an

unauthorized User can’t modify the structure

2. cross validation:-is used to unable a relationship between value Of

one segment to other segment these option is used the combination
With security type and value type from value set screen

3. Freeze rollup group:- these option is used for implementing the

Concept of summary template where group of a/c value’s are rollup
sum/total into single a/c value
 4. allow dynamic inserts:- while inserting a transaction combination
of Different segment values has to be done these is allow only when
this option is enable

5. Segment separator: - is used to mark the one value to another value

of Segment while entering the code combination.

6. enable:- enable option is used to list these structure in the LOV while

Value: - Use the Value Set window to define your independent value sets,
any dependent value sets that depend on them, and any table-validated
value sets your flex field needs

set of books

A set of books determines the functional currency, account

structure, and accounting calendar for each company or group of
companies. If you need to report on your account balances in
multiple currencies, you should set up one additional set of books
for each reporting currency. Your primary set of books should use
your functional currency. Each reporting set of books should use
one of your reporting currencies

Attention: Before you can use a newly defined set of books, your
system administrator must associate the set of books with one or
more responsibilities. This is done using the profile option GL Set
of Books Name. Your responsibility determines which set of books
you use.

Navigation:-setup/financial/books/define

To define a set of books:

Define your period type.

 Define your accounting calendar

Define or enable your functional currency.

Define your account structure

If you want to create Retained Earnings, Suspense, Translation

Adjustment, and Reserve for Encumbrance accounts as you enter them for
the set of books, allow dynamic insertion for your account segments.

mandatory account used in set of books

 Retained earnings

 Translation adjustment

 Suspense a/c

 Rounding of difference

 Reserve for encumbrance

Retained earning:- These a/c used at the end of year or closing of year,
it is calculate from (total income)-(total expenses) amount carried to next
year

Its a/c type is (ownership stock hold)

Translation adjustment:- these a/c used at the time of running a report

or transaction. It takes care of unbalance amount when running a
transaction report.

Its a/c type is (ownership stock hold)

Suspense a/c:- when unbalance journal is enter the shorter side is
debited or credited with suspense a/c . Totals amount should be corrected
and then going to a suspense account.

Its a/c type is (assets/liability)

Rounding of difference:- These a/c is used when a decimal option is

enable in currency along with minimum accountable unit

Its a/c type is (ownership stock hold)

Reserve for encumbrance:- these a/c is used with the combination of

budget setup reserve for encumbrance is used to reserve the amount from
budget for the further to be done Exam:-reserve for purchase

Its a/c type is (ownership stock hold)

Retained Earnings Update Process and the Open Period

Program: Balances for all income statement account combinations for a
given pair of primary balancing and secondary tracking segment values will
be closed out to a retained earnings account combination bearing the same
segment values at the beginning of a new fiscal year.

User

Then go to system /administrator (responsibility/model)

The username must not contain more than one word. You should use only
alphanumeric characters ('A' through 'Z', and '0' through '9') in the
username.

User names and responsibilities are set up in Oracle Applications

to secure access to the data and functionality within the
applications.
User level attached the general ledger book is more secured and only
access by individual user. When practicing will prefer to go responsibility
level

Navigation:-security/define/user

Password

Enter the initial password of an application user. An application

user enters this password along with her or his username to sign
on to Oracle Applications.

A password must be at least five (5) characters and can be up to thirty (30)
characters.

Responsibilities:- Use this window to define a responsibility. Each

application user is assigned at least one responsibility. A
responsibility determines if the user accesses Oracle Applications
or Oracle Self-Service Web Applications, which applications
functions a user can use, which reports and concurrent programs
the user can run, and which data those reports and concurrent
programs can access.

Note: Responsibilities cannot be deleted. To remove a

responsibility from use, set the Effective Date's to field to a past
date. You must restart Oracle Applications to see the effect of
your change.

General ledger book attached with the responsibility assign by any user
who is listing the responsibility in his access

Responsibilities Block: - An application name and a responsibility name

uniquely identify a responsibility

Responsibility Name
If you have multiple responsibilities, a pop-up window includes
this name after you sign on.

PROFILE VALUES BLOCK

Set values for profile options at one or more levels. Each value
overrides those set to its left. For example, a User Value setting
overrides a Responsibility Value setting, which overrides an
Application Value setting, which overrides a Site Value setting.

If you have a profile option value that is no longer valid, you will
see an LOV for the field instead of the value.

Profile This field displays the name of a profile option.

Site

This field displays the current value, if set, for all users at the
installation site.

Application

This field displays the current value, if set, for all users working
under responsibilities owned by the application identified in the
Find Profile Values block.

Responsibility

This field displays the current value, if set, for all users working
under the responsibility identified in the Find Profile Values block.

User

This field displays the current value, if set, for the application user
identified in the Find Profile Values block.

Server
This field displays the current value, if set, for the server
identified in the Find Profile Values block.

Organization

This field displays the current value, if set, for the organization
identified in the Find Profile Values block.

Suggestion: You should set site-level default values for any

required options after installation of an application. If you do not
assign a particular profile option at any of the levels, that option
does not have a default value and may cause errors when you
use forms, run reports, or run concurrent requests.

User name like:-Intel password:-123456

Note: - when the password is enter first time password get expired because
in real time environment user is created by system administration and
information pass to individual person it prompt to the enter the new
passwordfirst task to be done when you log into your oracle general ledger
responsibility its to open the periods so as to enter the journal

Open & close periods

Then come to general ledger (responsibility/model)

Open and close accounting periods to control journal entry and

journal posting, as well as compute period- and year-end actual
and budget account balances for reporting.

Accounting periods can have one of the following statuses:

Open: Journal entry and posting allowed.

Closed: Journal entry and posting not allowed until accounting

period is reopened. Reporting and inquiry allowed.
Permanently Closed: Journal entry and posting not allowed. You
cannot change this period status. Reporting and inquiry allowed.

Never Opened: Journal entry and posting are not allowed. General
Ledger assigns this status to any period preceding the first period
ever opened in your calendar, or to any period that has been
defined, but is not yet future-enterable. You cannot change this
period status.

Future-Entry: Journal entry is allowed, but posting is not. Your

period is not yet open, but falls within the range of future-
enterable periods you designated in the Set of Books window. You
cannot change this period status without using the concurrent
process to open the period

Journal entries

You can organize journal entries with common attributes into

batches. For example, you might group your journal entries by
type or date. You can have multiple journals in one batch, or you
can have a separate batch for each journal entry.

In the Journals window, enter a unique Journal name for the entry. If
you do not enter a journal name, General Ledger automatically
assigns a name using the following format: Source Journal ID Date.

If you did not enter a batch name before entering journals, General
Ledger uses the name of the first journal in the batch to create a
default batch

Name.

To enter a journal without entering batch information, choose New

Journal from the Find Journals window and proceed

Navigate to the Enter Journals window

Enter an Account for the journal line.

Enter the Debit or Credit amount for the designated account

Note: If needed, you can enter debits and credits as negative

amounts.

Posting Journal

Post journal batches to update the account balances of your detail

and summary accounts. You can post actual, budget, or
encumbrance journal batches.

Suggestion: Run a Trial Balance Report whenever you post to a

previous fiscal year to ensure that your Retained Earnings
account is properly reconciled.

Note: You must define appropriate daily rates for your reporting
currencies before you post journals in your primary set of books.

Translating

You can translate your actual and budget account balances from
your functional currency to another currency. If average balance
processing is enabled, you can translate both average and
standard balances.

Run translation after you have completed all journal activity for
an accounting period.

Note: When you first translate a balancing segment value, you

establish the initial translation period. You cannot translate a
period before the initial translation period for that balancing
segment.
Suggestion: Translation is a reporting tolls used translate the
balances of a/c from functional currency to foreign currency.

Translation can’t be run in first open periods when translation is

run for a period the next periods should be open. Translation is
run for assets, liability and revenue, expense etc.

Revaluing

Revaluation is reporting tools used to convert foreign (USD)

currency to functional currency (IND) revaluation deals with
reassignment of foreign currency denominated receivable and
payables

Use the Revaluation window to define, run, update, and delete

revaluations for foreign currency-denominated balances.
Revaluation launches a process that revalues the functional
currency equivalent balances for the accounts and currencies you
select, using the appropriate current market rate for each
currency. Resulting gain or loss amounts are posted to the
gain/loss or cumulative translation adjustment accounts you
specify and balanced by balancing segment values. This process
creates a revaluation batch containing separate journal entries for
each revalued foreign currency.

Define accounts for unrealized gains and unrealized losses.

You can use the same account for both.

Define a revaluation rate for each currency for each period or date for
which you want to run revaluation.

For MRC installations, define a Cumulative Translation Adjustment

account for your set of books.
 All Currencies: all balances for which the appropriate conversion rates
are defined will be revalued.

Single Currency: only balances for the specified currency will be

translated. You must choose a currency from the List of Values in the
Currency field.

Period Rates: Revaluation will use period-end rates to revalue all

balances.

Daily Rates: Revaluation will use daily rates of the specified Type to
revalue balances. You must choose a type from the Type field.

Type: Revaluation will use this type when you select Daily Rates. The
List of Values includes all defined conversion rate types other than User
and EMU Fixed.

Consolidation

Every company must complete common consolidation steps in

order to consolidate financial results.

Define a consolidation mapping for each subsidiary set of books you want
to consolidate to your parent.

Enter and post journals to your subsidiary set of books during the normal
course of business.

If the subsidiary and parent sets of books have different functional

currencies, translate the subsidiary set of book's balances into the parent
set of book's functional currency.
Note: If your subsidiary set of books has summary accounts
defined that are used in the consolidation mapping, you should
not transfer account ranges. The summary accounts will not be
consolidated.

SEGMENT RULE ACTION

Segment rules is used to transfer the date from parent to subsidiary when segment are
similar along with values

Copy Value From: Copy all values in your subsidiary segment to the same values in
your parent segment. The segments do not have to use the same value set, but must
use the same segment values.

Assign Single Value: Assign one specific value that will be used for the parent
segment. You must enter the value that the parent chart of accounts will use.

Use Rollup Rules From: Map values from your subsidiary segments to your parent
segments using the rule specified in the Rollup Rules region.

NOT ASSIGNED: There is no segment to assign on the other side.

Once you have transferred your subsidiary data to your parent set
of books, you need to combine the subsidiary and parent data.
This involves several steps:

o Run Journal Import if you did not choose it as one of your

consolidation run options.

o Review the unposted journal batch created by the transfer and

subsequent Journal Import.

o Post your consolidation journal in your parent set of books.

Defining Budgets
Budget is used to allocate the funds for expenditure our the year budget is also estimate of
revenue to be generate for a year which is known as income budget

Budget are used to regulate the expenditure and income target to be meet with in the
periods so as to enable an organization to grow in the Wright manner. Budget can be
allocated in a single period or multiple periods. Budget allocated for a periods if not utilized
completely. The balance is carried forward to next periods reserving the amount from
expenditure amount is known as reserve for encumbrance.

Reserve for encumbrance is used for reserve the amount for regular purchases for which
payment is suppose to be done.

Simple budget setup

A budget is create to represent a collection of estimated amounts for a range of accounting

periods

Open: The budget is available for update and budget entry.

Current: The budget is open, and it is the default budget when you use most budgeting
and inquiry forms. You can have only one Current budget at a time for each set of
books.

Frozen: The budget is unavailable for update or budget entry.

You can enter and update budget amounts only for open budget years. Once you open a
new fiscal year for your budget, it remains open. For best performance, do not open a
budget year until you are ready to use it.

Summary template

General Ledger uses summary templates to create summary accounts, whose balances are
the sums of multiple detail accounts. Use summary accounts to perform online summary
inquiries, as well as to speed the processing of financial reports, Mass Allocations, and
recurring journal formulas
To enter a summary account template:

o From the Summary Accounts window, enter the summary account Template using one of

the following values for each segment:

D: Your template creates and maintains a summary account for every detail segment
value. This value creates the most summary accounts of any template value.

Note: General Ledger will not allow you to define a summary account template using only D
template values.

T: Your template creates and maintains a summary account that sums balances of all
detail segment values. This value creates the fewest summary accounts of any template
value.

If you enter T for a segment, all summary accounts created by the template will have
the value T for the segment. Therefore, the value T must be defined and enabled for the
segment. Also, the segment value must be a parent and detail posting and budgeting
are not allowed.

Note: Do not define a summary account template using only T template values. A template
using T values for every segment will have a zero balance if your general ledger is in
balance.

MULTIPLE REPORTING CURRENCIES OVERVIEW

Use Multiple Reporting Currencies (MRC) to maintain your transactions and account
balances in multiple currencies. For example, you can maintain a primary set of books in
CAD (Canadian Dollars) and have General Ledger automatically maintain reporting sets of
books in USD (U.S. Dollars), GBP (British Pound), and the Euro -- the single currency of the
European Monetary Union (EMU).

If you need to report on your account balances or at the transactions level in multiple
currencies, define a primary set of books using your functional currency and additional sets
of books using your reporting currencies.
Define a set of books, as noted above.

Select one of the three options:

Primary Set of Books: Choose this option if you are defining a primary set of books.

Reporting Set of Books: Choose this option if you are defining a reporting set of books.

Not Applicable: Choose this option if you are not using Multiple Reporting Currencies.

General Ledger Activities and Processes

Once you have set up MRC, many of the standard General Ledger activities will require new
steps or additional information. These include:

Opening Periods -- You must open/close accounting periods in your

primary set of books and in each of your reporting sets of books.
See:Opening and Closing Accounting Periods

Defining Daily Rates -- Daily rates are used to convert your primary
set of books' journals to the appropriate reporting currencies. If you do not
currently maintain daily rates, you must do so if you want to use MRC.
Your daily rates must be defined before you post journals in your primary
set of books. See: Entering Daily Rates

Posting Journals -- General Ledger automatically generates

unposted converted journal batches in your reporting sets of books when
you post the original journals in your primary set of books. These
unposted journal batches must be posted to update the related account
balances. See: Posting Journal Batches

Reversing Journals -- When you reverse a journal entry in your

primary set of books, General Ledger will also reverse the corresponding
entry in your reporting sets of books. See: Defining Reverse Journal
Entries

Importing Journals -- When you import journals from non-Oracle

feeder systems, General Ledger creates converted journals in your
reporting sets of books when you post the imported journal batch in your
primary set of books. See: Importing Journals

Subledger Posting to General Ledger -- If you use Oracle feeder

systems, you must run the subledger application's post to General Ledger
process in both your primary and reporting sets of books. See the various
Oracle subledger user's guides for more information. Also see:

Multiple Reporting Currencies

Entering Budgets -- Budget amounts are not converted

automatically to your reporting currencies. If you need your budget
amounts in a reporting set of books, you must enter them separately.
See: Overview of Budgeting

Entering Encumbrances -- General Ledger automatically creates

converted encumbrance entries in your reporting sets of books when you
create the associated encumbrance entry in your primary set of books.
See: Entering Encumbrances

Translation -- If you use MRC, you may not need to

translate your account balances to achieve your desired reporting results.

See: Notes on Using Translation with Multiple Reporting Currencies. See
also the profile option GL/MRC Revaluation: Use Primary Currency
instead of Entered Currency in General Ledger Profile Options
 Revaluation -- If you use MRC, make adjustments in your reporting
set of books according to the table at Understanding MRC. See: Notes on
Using Translation with Multiple Reporting Currencies.

Remeasurement -- If you use MRC, make adjustments in your

reporting set of books according to to the table at Understanding MRC.

Consolidation -- You may be able to consolidate directly from a

subsidiary's reporting set of books to your parent set of books.
See:Preparing Subsidiary Data

FINANCIAL STATEMENT GENERATOR

Financial statement is used to generate income and expenditure statement, profit&loss,

balance sheet, fund flow statement etc, for a periods or also a multiple periods (fsg) also
have seen generating comparative statement like account balancesusing:PTD-actual, PTD-
budget, PTD-variance, PTD-year

Note: If you have average balance processing enabled in your set of books, you can report on
functional, foreign-entered, or translated average balances.

Row set: - A Row Set defines the format and content of the rows in an FSG report. In FSG,
the commonly assumed attribute for a row definition is an account assignment, whereas the
attribute for a column definition is a time period (amount type).

Column set: - A column set defines the format and content of the columns in an FSG report.
In FSG, the commonly assumed attribute for a column definition is a time period (amount
type), whereas the attribute for a row definition is an account assignment. Therefore, typical
column sets include headings and subheadings, amount types, format masks, currency
assignments, and calculation columns for totals.

Report set:-Use financial report sets to group FSG reports that you run together frequently.
You can only assign predefined reports to a report set.
Running financial report:-To generate FSG reports you must request that FSG run them. You
can request an individual report, all or part of a report set, or several report sets. If you
request an individual report, you can either run a predefined report or request that FSG run
an ad hoc report. For ad hoc reports, you select report objects and other report parameters
during the report submission process.

Row orders :-to modify the order of detail rows in a report. Rank rows in ascending or
descending order based on the amount in a particular column and/or by sorting
segments by description or value.