Chart of Accounts

Oracle Applications Fusion Cloud - Manufacturing

Oracle Cloud/Fusion Manufacturing Cloud training will help you develop the fundamental skills required to set up and use the Manufacturing module. This training covers all the tasks, setups, forms and reports used in Manufacturing and related modules

Balancing Segment, Cost Center, Natural Account, Secondary tracking segment and Inter compnay.
1. Define value sets. Value sets determine the attributes of your account segments such as the segment length, whether to require a segment value, value alignment, and value security.
2. Define your account structure. Indicate how many separate segments your account will have, and for each segment, enter a name, sequence number, and an associated value set.
  • Designate one of your segments as the natural account segment and another as the balancing segment. You can optionally designate a cost center segment and/or intercompany segment. If you are using Oracle Assets, Oracle Projects, or want to run revaluations by cost center, it is highly recommended that you specify a cost center segment.
  • Assign the Secondary Tracking Segment qualifier to one of the segments in your chart of accounts. You cannot use the primary balancing, intercompany, or natural account as the secondary segment.
  • Assign an intercompany segment. If your subsidiaries share the same set of books, you can use the intercompany segment to identify subsidiaries involved in intercompany transactions.
3. Define your account segment values.
If you plan on defining summary accounts or reporting hierarchies, you must define parent values as well as child or detail values. You can set up hierarchy structures for your segment values.
Define parent values that include child values. You can view a segment value’s hierarchy structure as well as move the child
ranges from one parent value to another.
3.2 Define rollup groups to create summary accounts whose summary balances you can review. You assign parent segment values to rollup groups.

4. Create account combinations.

If you allow dynamic insertion, you can create new account combinations automatically as you use them during journal entry. If you do not allow dynamic insertion, define new account combinations manually in the GL Accounts window.
You can define new account combinations or disable existing account combinations at any time.
In the GL Accounts window, check the preserve check box to preserve account combinations against attribute updates when you run the Segment Value Inheritance program.

5. Define Security Rules to restrict user access to certain account segment values.
Define cross–validation rules to control the account combinations that can be created during data entry.

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