A good chart of accounts (COA) provides flexibility for recording and reporting accounting information, structure for managing business uniformly, and enhanced enterprise communication. Five fundamental criteria for designing a COA in Oracle E-Business Suite will optimize business growth and flexibility and minimize back-end accounting maintenance. In this session, we’ll focus on new features in Release 12 including Subledger Accounting and Ledger Sets that provide an added incentive to adopt a well-designed COA.
Learning Objectives: After completion of this program you will be able to:
Objective 1: Identify the key components of a chart of accounts in Oracle E-Business Suite.
Objective 2: Examine the five criteria for designing a good chart of accounts.
Objective 3: Identify 2 ways that E-Business Suite R12 can take advantage of a single, global chart of accounts.