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Re-doing the oracle chart of accounts

Discussion in 'Oracle Financials' started by Albkane, Apr 26, 2016.

  1. Albkane

    Albkane Premium Member

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    I would like to re-do the COA for the GL in my company. Are there any suggestions on how this can be done without incurring too much costs? A couple of segments are going to be added. Kindly advise.
     
  2. Kamal

    Kamal Premium Member

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    what release you are in now?
    and what release you are going to? (if you will upgrade)
     
  3. Albkane

    Albkane Premium Member

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    The current version is 12.1.3 and going to 12.2.4
     
  4. Kamal

    Kamal Premium Member

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    Yes you can add new segments to your current COA,
    Use descriptive flexfields to tailor General Ledger to fit your unique information needs. For example, you may want to collect additional information on budget organizations, such as the manager and the size of the organization. You can even define context-sensitive flexfields that prompt you for additional information based on your previous entries. For example, if you classify the budget organization as a large organization, your descriptive flexfield could ask for the name and telephone number of the controller of the organization.

    • 1. Define a value set for each of the segments that you want to include. You can use a value set that you included in your account structure.

    • You can define your descriptive flexfield to have global and context-sensitive segments. Global segments collect the same information all of the time, while context-sensitive segments collect different information depending on the situation.

    • 2. Choose the form and window where you want to enter additional information. General Ledger lets you define a unique descriptive flexfield for virtually any window of any form.

    • 3. Define a list of values or acceptable choices for your descriptive flexfield segments. You can define descriptive flexfield segments that allow any entered values or segments that allow only certain values.