financial concepts in oracle ebs r12

think globally,
work globally
manage globally

native business flows

The objective of this guide is to present those concepts to you. This guide discusses how
you might:
• Represent your registered companies and management organization in the system.
• Report and analyze your business data.
• Account for your businesses to management, investors, and authorities.
• Share services across your world wide operations.
• Understand what other products do within the E-Business Suite.
• Control and ensure compliance across your organization.
• Analyze and evaluate your enterprise performance.
• Secure your information.
• Specialize in particular industries.

Chart of accounts (COA) is a list of the accounts including a unique number of each allowing to locate it in each ledger. The list is typically arranged in the order of the customary appearance of accounts in the financial statements. A chart of accounts can track a specific financial information. Each account in the chart has assigned a unique identifier, typically an account number. Each account in the Anglo-Saxon chart is classified into one of the five categories: asset, liability, equity, revenue, and expense. Separation of individual accounts by several numerical places allows multiple new accounts to be placed between existing ones.



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