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Module Objectives
Discussion on the following concepts:
MultiCurrency
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MultiCurrency
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What is MultiCurrency?
number of currencies.
Helps to develop and maintain productive
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features.
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Spot
Corporate
User
EMU Fixed
User Defined
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Setup: Rates
Rates are shared across ledgers
Subledgers share the same General Ledger rate definition
Loading rates automatically
Maintain daily and historical rates
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Foreign currency
obligation is
entered in Oracle
Payables
Foreign currency
obligation is paid
in Oracle
Payables
Payables journal
Foreign currency is
entry is recorded in revalued and the
General Ledger
unrealized gain or
lost is recorded
Realized foreign
currency gain or loss
is calculated
Payables journal
entry is recorded in
General Ledger
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Concepts: Conversion
Based on the foreign currency, conversion rate type and conversion
Cash..2,500 Euro
Foreign currency
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Concepts: Revaluation
Revalue account balances to reflect the change in the exchange rate
currency.
Foreign
currencies
Functional currency
Conversion at the time of the
foreign currency transaction
Foreign
currencies
Functional currency
Revaluation at the end of
the accounting period
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Cash.10,000 Euro
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Concepts: Translation
Foreign currency translation is a process that lets you restate your
Functional currency
Functional
Balance Sheet
Assets
Liabilities
100,000
60,000
Period end
Rate = 0.75
Owner's Equity
Period end
Rate = 0.75
Foreign currency
40,000
Foreign
Balance Sheet
Assets
Liabilities
75,000
45,000
Historical
Rate = 0.70
Owner's Equity
28,000
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Concepts: Translation
General Ledger selects translation rates based on the GL Account
GL Account Type
Period-End
Historical
Revenue, Expense
Period-Average
Equity
Historical
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Assets
Liabilities
Revenue
Expense
Equity
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Budgeting
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What is Budgeting?
identifying, gathering,
summarizing, and
communicating financial and
non-financial information about
an organization's future activities.
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Anatomy of a Budget
Name: FY08PLAN
Jan-2008 to Dec-2008
Periods
Accounts
CC100
CC200
..
..
$3000
$1500
Amounts
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Budgeting in Oracle
Oracle provides various tools to define, maintain and track budgets:
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Define Budgets
Create a budget to represent a
collection of estimated
amounts for a range of
accounting periods.
You can create budget
hierarchies by assigning
lowerlevel budgets to a
master budget:
Top-down budgeting
Bottom-up budgeting
Middle-out budgeting
Maintain multiple versions of
the budgets.
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No
Yes
Upload budgets
No
Transfer budgets
Yes
No
No
Yes
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Steps:
Enter journals
Run journal import
Post budget journals
Budget Rules can be
applied
Enter budget journals for
STAT currency
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Transfer Budgets
accounts:
In different budget organizations
Within the same budget
organization
Transfer by:
Budget Amounts or Percentages
Using Budgetary Control (optional)
Steps to transfer:
Enter details
Import journal
Post journal
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Enter Budget
through WebADI
GL_BUDGET_INTERFACE
General Ledger
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via:
Enter Budget Amounts screen
Budget Wizard
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Freeze Budgets
Freeze a budget, budget organization, budget formula batch or range of budget
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Budget Inquiry
Budget inquiry can be performed through:
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Define new parent and child segment values, as well as change parent/child
dependencies
Create new rollup groups from the Account Hierarchy Manager and have your
changes reflected automatically in both the Key Segment Values and Rollup
Groups windows
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Module Highlights
MultiCurrency
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