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R12 General Ledger Functional Concepts for Oracle Apps(Jun-2016)
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R12 General Ledger Functional Concepts for Oracle Apps(Jun-2016) Questions
General Ledger
 
1. General Ledger is the Central Repository from all the Sources (Modules).

2. The Journals that are recorded in the GL is recorded compulsorily with the Source of GL. A source is used to determine the origin of the Journal Entry.

Valid Sources are:

    Payables
    Assets
    Cash Management
    Receivables

3. Every Journals has to be recorded with Category, a category is used to determine purpose of the Journal Entry.

Valid Category:

    Purchase Invoice
    Credit Memo
    Debit Memo
    Sales Invoice
    Adjustments

4.  Journals are maintained in Batches, Headers and Lines in GL

Naming Convention of Batch: Source+ Date and Time

Naming Convention of Header: Category + Currency

Naming Convention of lines:  Accounts, Debits and Credits

Purposes of GL are:

    We use GL to create Adjustments
    To record the transactions which are not recorded in a module itself as the number of transaction count is very nominal for a module so the transaction are recorded manually in GL.
 
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Sub Titles
Introduction to General Ledger

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