EBS Answers Webinar Series
Presented by eprentise
Thank you for joining us for our EBS Answers Webinar Series, a FREE dynamic online event focused on Oracle® E-Business Suite. We have made the recordings available for your viewing at your convenience.
Secondary Ledgers – The Benefits Of Adjustment Ledgers For GAAP Reporting And Regulatory Compliance
Presented by Brian Lewis, Vice President of Finance and Corporate Controller, eprentise
Preparing adjusting entries usually involves a lot of journal entries, staff input and tedious work. Not anymore. As a more efficient processing of adjustments, adjustment-only secondary ledgers reflect only adjustments without affecting your primary ledger, allowing entries to be made discretely. Explore the benefits of using adjustment ledgers, complete with a step-by-step setup guide.
Chart of Accounts Transformation Master Class: Tips For Designing Effective Charts
Presented by Harrison Figura, Product Manager
A useful chart of accounts (COA) provides flexibility for recording and reporting financial information, allows uniform management, and enhances communication. Eight fundamental criteria for COA design in Oracle E-Business Suite will allow your business to create a forward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. This master class will go through the COA basics, define COA changes, outline the COA ecosystem, and provide best practices on designing your own chart of accounts.
Tricks For Optimizing Cross-Validation Rules In General Ledger
Presented by Harrison Figura, Product Manager
Cross-validation rules (CVRs) determine which segment values in your chart of accounts (or other key flexfields) can be used together. A CVR controls the valid values that may be used in conjunction with other values. In this session, learn how to set up CVRs, understand the criteria for designing a chart of accounts that minimizes the number and complexity of your CVRs, and examine the top seven things to remember when designing cross-validation rules.
The Power of Ledger Sets and Secondary Ledgers in Complying with New Regulations
Presented by Brian Lewis, Vice President of Finance and Corporate Controller, eprentise
Recent, unparalleled, changes in financial reporting requirements from the SEC, GAAP, and IFRS have transformed the way companies comply with regulatory requirements. Core financial reporting for Mergers and Acquisitions, financial instruments, pensions, and other key accounting transactions and balance types, have been relegated to manual spreadsheet reconciliations, transformations, and consolidations. The good news is that all this is no longer necessary with the use of Secondary Ledgers. Secondary ledgers are used to capture both a corporate and second representation of the same legal entity.
I’m Paying HOW Much? Taking Advantage of Inventory Item Cost Savings Opportunities in Oracle EBS
Presented by Brian Lewis, Vice President of Finance and Corporate Controller, eprentise
Vendor prices can fluctuate, sometimes significantly over time, resulting in unintended higher costs. A periodic price analysis should be performed to determine there are no overcharges or no discrepancies depending on the operating unit and inventory delivery site. A sudden price change may also indicate an expired contract or a significant, unnoticed increase. This session will review key Oracle reports to leverage your purchasing across the business, and to identify inventory item cost savings opportunities.
Ace your Audit: Preparing Your Oracle® E-Business Suite for a Financial Audit
Presented by Brian Lewis, Vice President of Finance and Corporate Controller, eprentise
During a traditional audit, users of Oracle E-Business Suite run into the same pain point: they struggle to identify and extract accurate data out because there are not adequate controls around reporting. The data usually ends up coming from multiple places, the level of detail needed isn’t found in the system, and significant time is spent by high-dollar resources to prepare for the audit. However, there are ways to leverage EBS to run industry standard audit procedures and proactively identify areas of non-compliance in advance for a smoother process. In this session, explore the recommended year-round practices and tools available to ace your audit.