What is Oracle Financials?
Oracle Financials products provide
organizations with solutions to a wide range of long- and short-term accounting
system issues. Regardless of the size of the business, Oracle Financials can
meet accounting management demands with:
- Oracle Assets:
Ensures that an organization's property and equipment investment is
accurate and that the correct asset tax accounting strategies are chosen.
- Oracle General
Ledger: Offers a complete solution to journal entry, budgeting,
allocations, consolidation, and financial reporting needs.
- Oracle
Inventory: Helps an organization make better inventory decisions by
minimizing stock and maximizing cash flow.
- Oracle Order
Entry: Provides organizations with a sophisticated order entry system for
managing customer commitments.
- Oracle
Payables: Lets an organization process more invoices with fewer staff
members and tighter controls. Helps save money through maximum discounts,
bank float, and prevention of duplicate payment.
- Oracle
Personnel: Improves the management of employee- related issues by
retaining and making available every form of personnel data.
- Oracle
Purchasing: Improves buying power, helps negotiate bigger discounts,
eliminates paper flow, increases financial controls, and increases
productivity.
- Oracle
Receivables:. Improves cash flow by letting an organization process more
payments faster, without off-line research. Helps correctly account for
cash, reduce outstanding receivables, and improve collection effectiveness.
- Oracle Revenue
Accounting Gives an organization timely and accurate revenue and flexible
commissions reporting.
- Oracle Sales
Analysis: Allows for better forecasting, planning. and reporting of sales
information.
What is the most important module in Oracle Financials?
The General Ledger (GL) module is the basis
for all other Oracle Financial modules. All other modules provide information
to it. If you implement Oracle Financials, you should switch your current GL
system first.GL is relatively easy to implement. You should go live with it
first to give your implementation team a chance to be familiar with Oracle
Financials.
What is the MultiOrg and what is it used for?
MultiOrg or Multiple Organizations
Architecture allows multiple operating units and their relationships to be
defined within a single installation of Oracle Applications. This keeps each
operating unit's transaction data separate and secure.
Use the following
query to determine if MultiOrg is intalled:
select multi_org_flag from fnd_product_groups;
What is the difference between Fields and FlexFields?
A field is a position on a form that one uses
to enter, view, update, or delete information. A field prompt describes each
field by telling what kind of information appears in the field, or
alternatively, what kind of information should be entered in the field.
A flexfield is an
Oracle Applications field made up of segments. Each segment has an assigned
name and a set of valid values. Oracle Applications uses flexfields to capture
information about your organization. There are two types of flexfields: key
flexfields and descriptive flexfields.
