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You're reading from  Oracle E-Business Suite 12 Financials Cookbook

Product typeBook
Published inAug 2011
PublisherPackt
ISBN-139781849683104
Edition1st Edition
Tools
Oracle E-Business Suite
Concepts
Financial Technology
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Author (1)
Yemi Onigbode
Yemi Onigbode
author image
Yemi Onigbode

Yemi has over a decade of experience in ERP systems development and maintenance. He has progressed from the early days of the IBM mainframe-based systems to the present day of web-based distributed systems. He has worked with large multinational consulting firms including Oracle Corporation, Accenture, Deloitte, Fujitsu Consulting, IBM, Sun Microsystems, and CSC. Yemi is a hybrid techno-functional expert. He is a hands-on Project Manager, Business Architect and Instructor, specialized mainly in Financials, Human Resources, and Supply Chain models. He has assisted a number of businesses to find solutions to complex business issues using various technologies. Yemi is also a keen believer in self-development and research; he is at par with the current developments in the IT and communications industry. He is currently developing and implementing e-business solutions for large and medium sized companies, fully integrating their business applications with the Internet and providing a totally integrated solution. He has been developing in Java since 1996 and implementing Oracle Applications since 1997. Yemi is an Oracle Financials Certified Trainer, Sun Certified Instructor, and a Fellow of the Association of Chartered Certified Accountants. He has a Bachelor of Science (Honors) degree in Pure and Applied Mathematics. Yemi is also a technical writer on Accountancy and IT issues, and presents at Accounting and IT seminars. He also motivates and mentors young adults on career management and planning. In his spare time Yemi loves to write and play musical instruments.
Read more about Yemi Onigbode

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Reviewing procurement accounting transactions

Oracle purchasing supports cash and accruals accounting. In this recipe, let's review the accounting transactions for accruing on receipt for direct delivery.

How to do it...

Let's list the steps required to review the accounting transactions:

  1. 1. Select the Purchasing responsibility.

  2. 2. Navigate to Receiving | Receiving Transactions Summary.

  3. 3. In the Find Receiving Transactions form, select the Supplier and Internal tab.

  4. 4. Enter Office Widgets Suppliers, Inc in the Supplier field.

  5. 5. Click on the Find button.

  6. 6. In the Receipts Headers Summary form, click on the Transactions button.

  7. 7. From the Tools menu, select View Accounting.

  8. 8. Review the Accounting Transactions.

How it works...

Accounting distributions stored in the purchase orders are used to determine the accounting transactions sent to the General Ledger. Once the Items are receipted, a receipt accrual is sent to the General Ledger. The accounting transactions are displayed in the following...

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Oracle E-Business Suite 12 Financials Cookbook
Published in: Aug 2011Publisher: PacktISBN-13: 9781849683104
© 2011 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Yemi Onigbode

Yemi has over a decade of experience in ERP systems development and maintenance. He has progressed from the early days of the IBM mainframe-based systems to the present day of web-based distributed systems. He has worked with large multinational consulting firms including Oracle Corporation, Accenture, Deloitte, Fujitsu Consulting, IBM, Sun Microsystems, and CSC. Yemi is a hybrid techno-functional expert. He is a hands-on Project Manager, Business Architect and Instructor, specialized mainly in Financials, Human Resources, and Supply Chain models. He has assisted a number of businesses to find solutions to complex business issues using various technologies. Yemi is also a keen believer in self-development and research; he is at par with the current developments in the IT and communications industry. He is currently developing and implementing e-business solutions for large and medium sized companies, fully integrating their business applications with the Internet and providing a totally integrated solution. He has been developing in Java since 1996 and implementing Oracle Applications since 1997. Yemi is an Oracle Financials Certified Trainer, Sun Certified Instructor, and a Fellow of the Association of Chartered Certified Accountants. He has a Bachelor of Science (Honors) degree in Pure and Applied Mathematics. Yemi is also a technical writer on Accountancy and IT issues, and presents at Accounting and IT seminars. He also motivates and mentors young adults on career management and planning. In his spare time Yemi loves to write and play musical instruments.
Read more about Yemi Onigbode

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