10 Modules Description(doc)
Section 10: Description of Proposed Modules The following are the description of the proposed modules: Oracle General LedgerTM Oracle General Ledger is a comprehensive financial management solution that dramatically enhances financial controls, data collection, and financial reporting throughout your enterprise. Details Unparalleled Flexibility Oracle General Ledger gives you tremendous flexibility for managing and streamlining your accounting processes. You can define multiple calendars and multiple chart of account structures. And, based on rules you define, Oracle General Ledger automatically adds new accounts. High Productivity High-productivity features speed your monthly close. Oracle General Ledger supports all types of journals: recurring, skeleton, standard, reversing, and formula- based. Oracle General Ledger also performs automatic currency conversion for your foreign currency journals. And, with Mass Allocations, you can automate your cost allocations quickly and accurately. Effective Budgeting You have powerful budgetary controls with Oracle General Ledger. You can do top-down, bottom-up, or middle-out budgeting. You can upload your budgets into Oracle General Ledger from a spread-sheet, or automatically create them using formula journals. You can also password-protect your budgets against unauthorised access, and set limits for each of your departments. Multicurrency Accounting Oracle General Ledger is a global accounting solution that supports currency conversion, translation, and revaluation in accordance with generally accepted accounting principles. You can elect the current/non- current, monetary/non-monetary, or current-rate methods for translating balance sheet accounts. Timely Reporting You can generate the reports you need when you need them. With the Financial Statement Generator, you can define financial reports such as balance sheets, income statements, and expense reports in minutes, without programming. Complete Integration Oracle General Ledger is fully integrated with other Oracle Cooperative Applications to provide comprehensive, distributed client/server solutions for your finance, manufacturing, distribution, or project account-in needs. Using Oracle’s market-leading technology, you can rapidly implement solutions that integrate corporate information regardless of system or format, tailor functionality to meet your specific requirements, and expand your system to keep pace with dynamic business evolution. Oracle’s engineering standards ensure that Oracle Cooperative Applications deliver the highest return on your software investment—today and tomorrow. Key Features Account Structures o Define account structures on-line o Customize each account structure, using: Up to 30 segments, 25 characters per segment, Balancing segments, Dependent segments, Numeric segments, Alpha-numeric segments, User prompts, Aliases o Define multiple organizations, including: Unlimited structures, Unlimited levels, Simple reorganization, Multiple hierarchies o Define your accounting calendar, using: Up to 366 periods, Uneven periods, Adjustment periods o Use Descriptive Flexfields to add custom data fields without programming Journal Entries o Enter optional control totals o Create summary accounts o Create statistical accounts o Import data from feeder systems, in any currency: Actual, Budget, or Encumbrance o Set posting controls o Use automatic journal balancing o Create suspense accounts o Enter journals in any period: Prior period, Prior year, Future periods o Control accounting periods: Multiple open periods, Reopen periods, Permanently close periods o Post automatically o Perform year-end close automatically o Oracle General Ledger also handles: Intercompany accounting, Reversing journals, Recurring journals, Skeleton journals, Standard journals, Formula journals, Statistical journals Cost Accounting o Perform mass allocations of: Actual balances, Budget balances, Encumbrance balances o Perform statistics-based cost accounting o Perform formula-based cost accounting, using: Unlimited factors, Statistical factors, Fixed- amount factors, Period-to-date factors, Unlimited nesting Budgeting o Define any number of budgets o Enter budgets on-line o Enforce budget security o Set budgetary controls using: Detail and summary accounts, Severity levels, Tolerances and overrides, Flexible period intervals o Set budget dependencies o Use tools to create and enter budgets o Allocate budget amounts o Use budget formulas o Perform automatic calculations o Upload budgets from spreadsheets Multicurrency Accounting o Use any currency o Enter exchange rates on-line or automatically o Automatically perform currency conversions o Translate actual and budget balances o Use any rate, including: Daily, Period-end, Historical, Weighted average o Complies with generally accepted accounting principles o Record translation gains and losses o Calculate unrealized gains and losses Financial Reporting o Define reports for: Balance sheets, Income statements, Expense analysis o Create exception reports o Choose from multiple layout options o Run standard reports for: Trial balances, General ledgers, Account analysis, Journals o Review reports on-line o Submit ad hoc reports o Perform drill-down inquiries: Summary accounts, Detail accounts, Journal entries, Journal lines, Payables invoices, Funds available General Accounting o Create multiple calendars and chart of accounts o Perform encumbrance accounting o Define multiple encumbrance types o Use parallel processing for: Posting, Importing journals, Consolidation Desktop Integrator GL Desktop Integrator (GLDI) is a spreadsheet-based extension of Oracle General Ledger which offers full cycle accounting within the comfort and familiarity of a spreadsheet. By combining the ease of use of a spreadsheet with the power of Oracle General Ledger, GLDI provides true desktop integration during every phase of the accounting cycle. You can create budgets, record transactions, and run financial statements all without leaving your spreadsheet. GLDI includes the Budget Wizard, Journal Wizard, Report Wizard, and Watch Utility: Features and Benefits |Feature |Benefit | |Uses a popular desktop |Places users in a | |spreadsheet program |familiar environment | |(Excel) as an interface |while providing the full| |to existing Oracle |power of Oracle General | |General Ledger journal |Ledger. Leverages | |entry, budgeting, and |existing investments in | |reporting functionality.|desktop equipment and | | |software and the | | |associated installation,| | |employee training, and | | |support costs. | |Users can enter |Expands the business | |journals, enter budgets,|enterprise by enabling | |and create reports in |the mobile workforce to | |Excel on a disconnected |continue working while | |client and then import |disconnected from the | |them directly into |database. | |Oracle General Ledger. | | |Supports lists of values| Improves efficiency by | |and real-time database |validating data as users| |validation of account |enter it, based on the | |values and other |setup data in General | |reference fields, such |Ledger. | |as currencies and | | |journal categories. | | |Provides an extensive |Users can easily | |set of user options |configure GLDI to look | |which control how GLDI |and behave however they | |looks and feels. |wish. | |Enforces the same signon|Ensures that only | |and responsibility |appropriate users can | |security as employed in |access sensitive data | |Release 10SC of Oracle |and functionality. | |Applications. | | |Additionally, GLDI lets | | |users control who can | | |access the different | | |GLDI functions, such as | | |budgeting, journal | | |entry, and report | | |definition and | | |submission. | | |Provides a customizable |Users can run their | |toolbar which lets users|whole desktop from a | |start Oracle |single toolbar, | |Applications, start |eliminating the clutter | |Excel, or run any other |of unneeded icons. | |programs they wish | | |simply with a mouse | | |click on the appropriate| | |toolbar button. | | Budget Wizard The Budget Wizard provides a spreadsheet-based budget entry screen which facilitates simple data entry and modeling in a disconnected environment. Use the Budget Wizard to automatically build a budget spreadsheet based on the budgets and budget organizations you set up within Oracle General Ledger. You can download existing budget balances from Oracle General Ledger or create a new budget. Enter your new budget balances manually, use budget rules, or use formulas and models. You can then automatically graph your budgets, and even compare budget and actual balances using a variety of graph styles. Afterward, you can save a budget spreadsheet on your PC and work on it at any time. When you are satisfied with your budget, you can automatically upload your new budget balances into Oracle General Ledger. Features and Benefits |Feature | Benefit | |Automatically builds |Eliminates double | |budget worksheets, based|maintenance by combining| |on the budget elements |the most commonly-used | |you define in Oracle |budgeting tool | |...
10 Modules Description(doc)