Session ID: 10280
Abstract: A useful chart of accounts (COA) provides flexibility for recording and reporting financial information, allows uniform management, and enhances communication. Five 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.
Objective 1: Explore the five fundamental design criteria for creating a forward-thinking chart of accounts.
Objective 2: Learn how a good design reduces costs, streamlines reporting and provides global visibility.
Objective 3: Understand how to leverage Release 12 features like subledger accounting and ledger sets.