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

1. The basic concept of Oracle Financials
2. What is the concept behind Legal Organization?
3. How we will represent Your Organization in the Application financials
4. Business Group and Department
5. Government Reporting Legal Entity
6. Definition of Legal Entity
7. Concept of Establishment in Oracle Fin
8. What is the concept of Ledger?
9. Ledgers and Sub ledgers
10. Operating Units
11. Inventory Organizations
12. Chart of Accounts
13. Cost Center
14. Balancing Segment
15. Natural Account
16. Multiple Ledgers
17. Sub ledger
18. Ledgers and Sub ledgers
19. Subledger Accounting and Operating Units

 

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