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Period End Process In General Ledger R12 2015-10-20

Period End Process In General Ledger R12

  1. krawal
    In Oracle General Ledger, an accounting period is closed after all the accounting transactions have been completed for the period. A closed period can be re-opened (provided it has not been permanently closed), if it is necessary to enter or modify accounting transactions for that period.

    Managers have the discretion to immediately close a period to prevent unauthorized processing, but be able to re-open periods for post processing adjustments. The periods can then be permanently closed as required, independent of the period/year end process.