Overview of Subledger Accounting
Oracle Subledger Accounting
Objectives
After completing this lesson, you should be able to:
• Describe Subledger Accounting key concepts and
terminology.
• Describe how Oracle Subledger Accounting integrates
with other Oracle E-Business Suite applications.
• Give a basic overview of accountings setups, ledgers,
and multiple representations (reporting currencies and
secondary ledgers).
What is Subledger Accounting?
Oracle Subledger Accounting is:
• A rule based engine for generating accounting entries
based on subledger transactions from all Oracle
applications.
• Single source of truth
Subledger Balances
Third Party Control Account
Balances
• Track balances by
account and
Customer/Supplier
• Statutory reporting
requirement in certain
countries
Open Account Balances
• Track balances by
originating transactions
and downstream applied
transactions
Balances calculated and stored AFTER
Accounting Program completes.
Summary
In this lesson, you should have learned how to:
• Describe Subledger Accounting key concepts and
terminology.
• Describe how Oracle Subledger Accounting integrates
with other Oracle E-Business applications.
• Give a basic overview of accountings setups, ledgers,
and multiple representations (reporting currencies and
secondary ledgers).
Practice 1:
Create a New User
Note: You should choose to follow either the Payables or
the Receivables practices throughout the training.
Practice 2:
Create a Supplier