overview of subledger accounting using generative AI

overview of subledger accounting using generative AI

1. Copyright © 2007, Oracle. All rights reserved.
Overview of Subledger Accounting
Oracle Subledger Accounting

2. Copyright © 2007, Oracle. All rights reserved.1 - 2
Objectives
After completing this lesson, you should be able to:
•Describe Subledger Accounting key concepts and
terminology.
•Describe how Oracle Subledger Accounting integrates
with other Oracle E-Business Suite applications.
•Give a basic overview of accountings setups, ledgers,
and multiple representations (reporting currencies and
secondary ledgers).

3. Copyright © 2007, Oracle. All rights reserved.1 - 3
What is Subledger Accounting?
Oracle Subledger Accounting is:
•A rule based engine for generating accounting entries
based on subledger transactions from all Oracle
applications.
•Single source of truth

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Subledger Balances
Third Party Control Account
Balances
•Track balances by
account and
Customer/Supplier
•Statutory reporting
requirement in certain
countries
Open Account Balances
•Track balances by
originating transactions
and downstream applied
transactions
Balances calculated and stored AFTER
Accounting Program completes.

5. Copyright © 2007, Oracle. All rights reserved.1 - 15
Summary
In this lesson, you should have learned how to:
•Describe Subledger Accounting key concepts and
terminology.
•Describe how Oracle Subledger Accounting integrates
with other Oracle E-Business applications.
•Give a basic overview of accountings setups, ledgers,
and multiple representations (reporting currencies and
secondary ledgers).

6. Copyright © 2007, Oracle. All rights reserved.1 - 16
Practice 1:
Create a New User
Note: You should choose to follow either the Payables or
the Receivables practices throughout the training.

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Practice 2:
Create a Supplier