Create Setup of Chart of Accounts - Part 12
Oracle APEX Book
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Cloud Computing Using Oracle Application Express
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The chart of accounts is a part of the application that needs to be planned carefully before implementation. A well-planned chart of accounts provides better insight into the financial matters of an organization. A separate chart of accounts is created for each company; however, you can create a chart of accounts for one company—the master chart of accounts—and then copy it to the others using the Copy chart of accounts utility as developed in the next video. The accounts created here are selected for each transaction during voucher generation, report calls, and preparation of financial statements. Because this setup is similar to the cost center setup, you will use the copy utility to save some time. The account code used in this setup contains four separate number groupings or levels. The first level defines the nature of account, while the next three levels act as its subcategories. Each account specified on the first level belongs to one of the following natures: equities, liabilities, assets, revenues, and expenses. The initial three levels are called group levels, whereas the bottom level (in other words, level 4) is called the transaction level because accounts from this level are selected to generate transactions in the vouchers interface. The group-level accounts are used in trial balance and financial statement reports to extract summarized group-level information.
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How to Create Cloud Application in Oracle APEX - Part 1
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Part 1: • How to Create Web Application in Oracle AP...
How to Create Main Navigation Mega Menu in Oracle APEX - Part 2
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Part 2: • How to Create Main Navigation Mega Menu in...
Create Database Objects & Set up Companies in Oracle APEX - Part 3
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Part 3: • Create Database Objects & Set up Companies...
Create Fiscal Year For Companies in Oracle APEX - Part 4
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Part 4: • Create Fiscal Year For Companies - Part 4
Create Setup of Voucher Types in Oracle APEX - Part 5
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Part 5: • Create Setup of Voucher Types - Part 5
Create Setup of Application Segments in Oracle APEX - Part 6
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Part 6: • Create Setup of Application Segments - Part 6
Create User Groups & Setup Application Access Privileges in Oracle APEX - Part 7
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Part 7: • Create User Groups & Setup Application Acc...
Create Users & Grant Privileges in Oracle APEX - Part 8
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Part 8: • Create Users & Grant Privileges - Part 8
Create Setup For Users Password & Custom Authentication in Oracle APEX - Part 9
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Part 9: • Custom Login Authentication in Oracle APEX...
Create Interface to Switch Company, Year & Month in Oracle APEX - Part 10
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Part 10: • Create Interface to Switch Company, Year &...
Create Setup of Cost & Revenue Centers in Oracle APEX - Part 11
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Part 11: • Create Setup of Cost & Revenue Centers - P...
Copy Chart of Accounts in Oracle APEX - Part 13
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Part 13: • Copy Chart of Accounts - Part 13
Create General Ledger Voucher Interface - Part 14
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Part 14: • Create General Ledger Voucher Interface - ...