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Chart of Accounts DiscussionOracle Accounting Flexfield
The Chart of Accounts (COA), or Accounting Flexfield
is a direct reflection of your reporting needs
The COA is core to a successful implementation and
its design must be addressed as a critical path item
from the start
It should contain separate segments for each major
reporting item (company, department, account, etc)
!ach segment should represent a single dimension
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Chart of Accounts DiscussionOracle Accounting Flexfield
"ou must define one segment as the balancing
segment, one as the natural account segment, and
one as the cost center
#ithin each segment, parent rollups can be defined
to allo$ reporting at multiple le%els and facilitate
mass allocations
&egment %alues ma'e up $hats defined as a
company, department, or account They should benumbered to allo$
for easy ranges $hen defining
rollups reports
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Chart of Accounts DiscussionChart of Accounts Segment Values
Oracle can dynamically generate combinations of
segment %alues
Cross*%alidation rules go%ern $hat combinations can
be created
+arent %alues can be created that are used to
determine a sum of amounts across a child range
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Chart of Accounts DiscussionAccounting Flexfield and
ValuesOverview
&!-!.T/ &!-!.T0 &!-!.T1 &!-!.T2 &!-!.T3
&!-!.T4 &!-!.T5
A &!-!.T6O Is a TA78! of %alid %aluesO Can be combined $ith
other segments to
create a flexfieldO Can ha%e one or more ATT9I7:T!&
that describe a segment %alueO Can ha%e +A9!.T %alues $hich
group other
%alues in the segment
Accounting Flexfield
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Chart of Accounts DiscussionO!tions to Consider "hen Designing
#our
Chart of Accounts
&ingle COA %s -ultiple COA Is your company attempting to
standardi;ed COA
across companies< One Oracle COA canaccommodate multiple
companies
If your company adopts one COA, one calendar
and one functional currency, then one set of boo's
can accommodate these $ith limited configurationand on*going
maintenance
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Chart of Accounts DiscussionO!tions to Consider "hen Designing
#our
Chart of Accounts
&ingle COA %s -ultiple COA If more than one COA,
re=uirements $ill include
more than one set of boo's $hich means
consolidations and a multi*org en%ironment> this
adds additional configuration and on*going
maintenance
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Chart of Accounts DiscussionO!tions to Consider "hen
Designing
Chart of Accounts
?oes your Client@ #ant to 'eep current COA structure and
%alues
