Saturday, May 1, 2010

Calendar Setup in Oracle R12

Calendar
Define your calendar to fit your business. You can define a calendar for any fiscal year, The periods can be of different lengths, but they all must be of the same period type for one Ledger so that Oracle General Ledger can use them appropriately.
Calendar Setup in oracle application involves below Steps
  • Defining the Period Type
  • Define the Calendar Periods
  • Validate the Calendar

Defining the Period Type
Before defining a calendar it is required to define Period types. Use the Period Types form to define your accounting period types. Oracle General Ledger provides you with standard period types Month, Quarter and Year. Period types are used to define organization’s calendar which can be used for Defining GL, Payables, Purchasing, Inventory ect. Application related calendars.
There are two options for Year type.
Fiscal: To specify how Oracle General Ledger determines the system name for your accounting periods
Calendar: Oracle General Ledger uses the year in which an accounting period begins to determine its system name
Navigation: Setup à Financials à Calendars à Types


Defining the Calendar Periods
Accounting Calendar form can be used to define your calendar. Oracle General Ledger lets you add periods to your calendar at any time. When a New accounting periods is defined it is required to use the same period type that you originally assigned to the Ledger.  The Calendar structure defined is used for Defining GL, Payables, Purchasing, Inventory etc. Module related calendars where in Periods can be Opened or closed at individual application Level. While Defining the Calendar makes Sure all periods in the Fiscal year have same value for year.
Adjusting Period:
Check the Adjusting Period box to indicate you want your accounting period to be an adjusting period. An Adjusting accounting period can overlap with other accounting periods. Journals cannot be imported in an adjusting accounting period.
Navigation: Setup à Financials à Calendars à Accounting


Validate the Calendar
Validating the calendar is the most important step in setting up Calendar. Once the calendar set up is complete, review it to make sure it is correct before assigning it to a Ledger. Calendar periods cannot be changed once they have been used. The Period cannnot be modified once the Period status is open or closed. The first Encumbrance Year is opened automatically when the first period is opened Even if encumbrance is used or not.
The Calendar Validation Report is used for validating the calendar. This will be run automatically when the changes are made to existing calendar or a new calendar is created. This Program can also be submitted at will from Standard Report Submission window. However, please note that this report does not fix anything. It just produces a report that shows the problems with calendar definition. The Problems if any must be corrected from Accounting Calendar form.

Friday, January 1, 2010

About ERP


ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of various business management functions and practices with modern information technology. In an ERP System Technology integrates with the Operational/Management functions and processes of a Business to streamline and accomplish specific business objectives.

Basically ERP is a software architecture that supports the management of information scattered over various functional and geographically units of an Enterprise and provides the business management executives with a comprehensive overview of the complete business execution details, which in turn influences their decisions in a productive way. The Business processes May differ for different organizations but the ultimate Business Concepts remain the same which is the base of all the ERP technologies.

My Emphasis here is on sharing the knowledge that I have gained during my journey with the ERP Systems, Primarily Oracle Applications E Business Suite.  This blog is my own repository of Notes that I have prepared as part of my ongoing research and Experience with Oracle Applications E Business Suite.

Contact Me:

I would appreciate your valuable comments and Suggestions. Your feedback is very important for my personal improvement and quality of content on this blog.

You may anytime contact me at Kinjal.saxena@gmail.com

DISCLAIMER:


The opinions expressed on this blog/Site are solely my own personal views based upon my Research, experience and observations and do not reflect the position of Oracle, My Current or Previous employers or Their Clients or any other Corporation