Oracle Cloud

Learn how to configure dependencies between chart of accounts segments using  related value sets   Introduction: A related value set is an Independent type value set whose values are related to another Independent type value set. Use this feature to automatically display a list of related values in a segment value choice list, based on what value was selected in a preceding segment in your chart of accounts.   For example, if you have Company and Division segments in your chart of accounts, and the company US East has transactions in only the Car and Truck divisions, while the company US West deals with only the Motorcycle and Car divisions, you can define relationships between the Company and Division segments to enforce the relationships between their segment values.   The order of the segments in a chart of accounts impacts the behavior of related value sets. For example, if the value of the Company segment determines the valid values for the Division ...

Oracle ERP Cloud customers have a need to close their books every period, quarter and/or year. This article provides guidance on the period-end close procedures for Oracle Cloud Application modules, across Financials, Procurement, Projects, Inventory, and Payroll. It provides an overview of the relative timing of these procedures across the various modules. The steps included in this article are intended to be generic and do not relate to a specific organization. You may have additional steps that pertain to your specific organization, industry, or geography, so you can choose to extract the steps from this article that pertain to your organization and customize it by adding additional reports or procedures. Although this document refers to “Period Close Procedures”, many of the processes can be performed regularly throughout the accounting period as required. Each subledger application provides control as to when and how frequently data is transferred from the subledger applicatio...