In this session, we will review the basic concept of Oracle Financials part of Oracle E-Business Suite Release 12. Oracle E-Business Suite is a complete set of business applications with different components to cover different business aspects/operations that enables companies to cater detailed business transaction data, which will enable decision making.
IN THIS SESSION, WE WILL LEARN
A few of the key concepts for beginners before start working on Oracle Financials are must
- The basic concept of Oracle Financials
- What is the concept behind Legal Organization?
- How we will represent Your Organization in the Application financials
- Business Group and Department
- Government Reporting Legal Entity
- Definition of Legal Entity
- Concept of Establishment in Oracle Fin
- What is the concept of Ledger?
- Ledgers and Sub ledgers
- Operating Units
- Inventory Organizations
- Chart of Accounts
- Cost Center
- Balancing Segment
- Natural Account
- Multiple Ledgers
- Sub ledger
- Ledgers and Sub ledgers
- Subledger Accounting and Operating Units
LINKS AND RESOURCES MENTIONED IN THIS SESSION
Basic concept of Oracle Financials
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