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Oracle E-Biz General Ledger Questions & Answers

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53 views2 pages

Oracle E-Biz General Ledger Questions & Answers

Uploaded by

Dhanaraaj Developers
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Oracle E-Business Suite (EBS) General Ledger (GL) questions and answers:

1. What is Oracle General Ledger (GL)?

Answer: Oracle General Ledger (GL) is a core module in Oracle E-Business Suite that allows organizations to manage
and maintain their financial records. It provides a complete set of financial management features for recording,
consolidating, and reporting financial transactions.

2. What is the purpose of the Chart of Accounts (COA)?

Answer: The Chart of Accounts (COA) is a key component in Oracle GL that defines the structure and categories for
recording financial transactions. It includes segments such as account, cost center, department, product, and more,
depending on the organization’s structure.

3. What is a Journal Entry in Oracle GL?

Answer: A journal entry in Oracle GL records financial transactions by specifying the debit and credit amounts for
each affected account. These entries are created manually or automatically (via integration with other modules like
Accounts Payable, Accounts Receivable, etc.).

4. What is the difference between a "Posted" and "Unposted" journal?

Answer:

 Posted journal: A journal that has been processed and recorded in the general ledger, affecting the financial
balances.

 Unposted journal: A journal that has been entered but not yet posted, meaning it has not been processed
into the general ledger system.

5. What is the purpose of the "Period Close" process in Oracle GL?

Answer: The "Period Close" process is used to close an accounting period after all transactions for that period have
been recorded. It ensures that no further entries can be posted to the closed period, allowing the organization to
finalize financial reports for that period.

6. What is a "Recurring Journal" in Oracle GL?

Answer: A recurring journal is a journal entry that is automatically generated in Oracle GL at regular intervals, such
as monthly, quarterly, or annually. This is useful for transactions that occur on a regular basis, like rent or
depreciation.

7. What is a "Segment" in the Chart of Accounts?

Answer: A segment is a part of the Chart of Accounts (COA) structure that represents a specific financial dimension.
For example, segments could represent areas such as company, department, cost center, product line, or any other
meaningful categorization for reporting purposes.
8. What is a "Ledger" in Oracle GL?

Answer: A ledger in Oracle GL is a complete set of accounting records. It includes the Chart of Accounts, the
accounting period, and the currency used for financial transactions. A ledger is associated with a specific legal entity
or business unit.

9. What are the 4C in Ledger?

Answers: Chart Of Accounts, Currency, Calendar & Accounting Method

10. What is "Subledger Accounting" in Oracle GL?

Answer: Subledger Accounting (SLA) in Oracle GL is a mechanism that allows detailed accounting entries to be
captured from subledgers (such as Accounts Payable, Accounts Receivable, etc.) and then transferred to the general
ledger for reporting and analysis.

11.What is the Master Data for Oracle E-Business Suite General Ledger (GL)?
Answer: Journals & Chart of Accounts

12.What is Accounting Calendar

Answer: Accounting calendar is to specify the number of periods in the year for the purpose of transaction and
maintain Accounting Data.

13.What is Journal Sources?

Answer: It is an indicator by which General Ledger identifies and differentiates the origin of journal entries.

14. Posted Journals can be Reverse?

Answer: Yes

15. Tell me the Data base table name for Account Code Combination in GL?
Answer: GL_CODE_COMBINATIONS

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