Oracle E-Business Suite consists of various applications.
Manufacturing, Supply Chain Management, Customer Relationship
Management, Projects, Human Resources, Financials etc.
Oracle Financials consists of mainly five modules that are
Accounts Payables, Accounts Receivables, Fixed Assets,General Ledger and
Cash Management. These five modules are stand alone applications cater to
the specific requirements and together they called as Oracle
financials. Likewise each area such as Manufacturing, Supply
Chain Management, Projects, and Human Resources etc consists of
various standalone modules and all put together called as Oracle E
– Business Suite. In Oracle environment
each application are called as modules.
An Organization at the outset has to deal with external entities
/ parties like Suppliers (Vendors), Customers, Banks.
Accounts Payables module used to manage our Suppliers and what
we purchased from them, how much we paid them, whether we paid in time to avail
the discount and what is the payment method we are using etc.
Accounts Receivables used to manage our Customers, sales to
them, are they paid; follow up to receive the payment from
them, what is the credit limit etc.
Oracle Fixed Assets used to manage the Assets of the company,
like cost of the assets, location and user of the assets, what is the
depreciation expenses for individual assets, life and depreciation methods
used, accumulated depreciations etc.
Cash Management module used to reconcile with the bank statement
at the end of the month and also tells you the status of the bank accounts and
whether it syncs with our books of accounts are not, besides it helps to
plan and monitor the cash flow and funds flow.
General Ledger and most important module used to maintain
the accounting of the company. We can call it as a central repository of
all accounting information of the organization. At the end of the day all
business transaction are translated into debits & credits and
flowing into General Ledger and accounted. General Ledger module is
capable enough to Classify, summaries, allocate to concern accounts in order to
report as required by statutory authorities, management and share holders.
Accounting is nothing but quantitative measurement of business
events that are taking place. How much purchased, sales made,
expenses incurred, profit you have made and how much assets and
liabilities you have at point in time or in a period . All the
accounting information flows into GL in the form of JE from other modules,
imported and posted into respective accounts. All the financial reports
are run out of GL module and show the financial position and
health of the company.
The strength of E-Business Suite is modules talk each other and
information flows from one module to other, besides shared entities like
Suppliers, Customers, Banks Accounts, Employees, Items are used by all the
modules wherever needed but defined only once, which prevents the redundancy,
that is where the strength comes.
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