Oracle General Ledger Overview

Oracle General Ledger Overview.

• GL is the Central repository of accounting information.
•  All accounting information in oracle application is centrally stored in General ledger module
•  Main purpose of a general ledger system is to record financial activity of a company.
•  GL is also widely used to produce financial and management reports.

Oracle General Ledger is a comprehensive financial management solution that enables you to:

• Record and Review Accounting Information
• Import data from subsidiary ledgers, or enter journals to record actual or budget transactions directly into Oracle General Ledger.
• Enter encumbrance journals to track encumbrances through the purchase process and to control spending against budgeted amounts.
• Review account balances online or through reports.
• Manipulate Accounting Information
• Correct actual, budget, and encumbrance information.
• Revalue and translate balances denominated in foreign currencies.
• Consolidate balances from multiple sets of books.
• Analyze Accounting Information

Function & Features of GL

Information Access
• Access information stored in the GL through online reporting and analysis tools.
Financial Controls
• Use security features to control access to specific areas and functions of General Ledger.
Data Collection
• Collect data from Oracle subledgers and non-Oracle feeder systems.
Financial Reporting and Analysis
• Select from a variety of Standard Reports and Listings.
• Use the Financial Statement Generator to build customized reports with reusable report objects.
• Use Web ADI (Web Applications Desktop Integrator) Report Manager to build reports and drilldown on balances within a spreadsheet environment.