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GL Flexifield Qualifiers

Flexfield qualifiers determine the attributes of segments in a flexfield structure. Qualifiers like cost center, natural account, and balancing are assigned to segments to define their purpose, such as identifying the segment used for cost centers, the segment that enables the five account natures, and the segment that balances accounting entries. Flexfield qualifiers ensure the correct segments are used for their intended accounting roles.

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25 views1 page

GL Flexifield Qualifiers

Flexfield qualifiers determine the attributes of segments in a flexfield structure. Qualifiers like cost center, natural account, and balancing are assigned to segments to define their purpose, such as identifying the segment used for cost centers, the segment that enables the five account natures, and the segment that balances accounting entries. Flexfield qualifiers ensure the correct segments are used for their intended accounting roles.

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barber bob
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GL: Flexfield Qualifiers

The definition I inferred from the word flexfield qualifier is which segment qualifies for
whichattribute.
Each Segment can have one of the following Qualifying attributes attached to it. Some of them
are mandatory others are optional.

Cost Center: Usually assigned to Department Segment. This qualifying segment is used

by Oracle Assets.
Natural Account: This qualifier when attached to a segment enables the five nature of
accounts Asset, Liability, Expense,Revenue, Owners Equity. It also assigns the option

ofReconciliation account and Third Party Control.


Balancing: This qualifier is usually assigned to the segment on which the Balance Sheet

is required. System balances the Debit and Credit of the ledger on this segment.
Intercompany: This qualifier is used to identify the transaction between two entities

under one group. More on this in Intercompany.


Management: This qualifier is used as an additional control on Data Access Set.

Secondary Tracking: To be discussed

Flexfield Qualifiers determines the nature of the segment. If you define a COA structure as
Company-Department-Account
How will the system knows which segment is natural account? Which segment should be used to
balance the accounting entries? which segment will be used as Cost Centre in Fixed Assets?
It is the qualifier through which the system assign particular attribute to the segment. If I attach
Natural Account qualifier to Company Segment, the system will not validate anything against this
assignment. It will simply enable the five natures of accounts and treat the Company segment as
Natural Account.
So for particular segment, a particular qualifier is assigned. This is the one time activity and
freezes as we freeze the COA Structure.
Thats All :)
If you have any queries, contact me on [email protected]
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