| Oracle Financials [message #402511] |
Mon, 11 May 2009 04:06  |
bananaman
Messages: 71
Registered: March 2009
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thanks. by the way, i'm just new to oracle financial. i don't have much of the idea about the flow of process in accounting system so i'm learning oracle financial and accounting simultaneously which is pretty challenging to understand. can you have me some outline or some sort of guide regarding the sequence of studying this application? like which module should i understand first?
[Updated on: Mon, 11 May 2009 06:12] by Moderator Report message to a moderator |
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| Re: Oracle Financials [message #402627 is a reply to message #402511] |
Mon, 11 May 2009 12:47  |
B.T.S.Ananth
Messages: 216
Registered: June 2006
Location: chennai / Hyderabad
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Senior Member |
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Procure to Pay
Purchase order> payable > general ledger
Oracle Purchasing: Improves buying power, helps negotiate bigger discounts, eliminates paper flow, increases financial controls, and increases productivity.
Oracle Payables: Lets an organization process more invoices with fewer staff members and tighter controls. Helps save money through maximum discounts, bank float, and prevention of duplicate payment.
Oracle General Ledger: Offers a complete solution to journal entry, budgeting, allocations, consolidation, and financial reporting needs.
Order to Cash
Ordermanagement > shipping> receivable > cash management > General ledger
Oracle Order Entry: Provides organizations with a sophisticated order entry system for managing customer commitments.
Oracle Receivables:. Improves cash flow by letting an organization process more payments faster, without off-line research. Helps correctly account for cash, reduce outstanding receivables, and improve collection effectiveness.
Oracle Revenue Accounting Gives an organization timely and accurate revenue and flexible commissions reporting.
Asset
Asset > General ledger
Oracle Assets: Ensures that an organization's property and equipment investment is accurate and that the correct asset tax accounting strategies are chosen.
The General Ledger (GL) module is the basis for all other Oracle Financial modules. All other modules provide information to it. If you implement Oracle Financials, you should switch your current GL system first.GL is relatively easy to implement. You should go live with it first to give your implementation team a chance to be familiar with Oracle Financials.
for more information regarding accounting entries http://apps2fusion.com/at/sk/203-flow-of-accounting-in-oracle-applications
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