This chapter contains the following topics:
Typically, a company uses some type of financial application to successfully manage its financial activities. The financial activities might include allocating revenue and expenses among various departments within the company, eliminating intercompany transactions, reconciling account balances, and projecting budgets for future periods and reviewing them against the actual activity.
The JD Edwards EnterpriseOne Financial Management system from Oracle provides a versatile, cost-effective, and timesaving solution for managing your financial information. You use the systems that make up the JD Edwards EnterpriseOne Financial Management system to track information that financial users typically share.
JD Edwards EnterpriseOne Financial Management Fundamentals application provides setup and usage information that is shared among the JD Edwards EnterpriseOne financial applications.
This section provides an overview of the steps that are required to implement the JD Edwards EnterpriseOne Financial Management system.
In the planning phase of your implementation, take advantage of all JD Edwards EnterpriseOne sources of information, including the installation guides and troubleshooting information.
For information about the Oracle Business Accelerator solution for implementation of JD Edwards EnterpriseOne systems, review the documentation available.
The suggested global implementation steps for the JD Edwards EnterpriseOne Financial Management Solutions system are:
Set up companies, fiscal date patterns, and business units.
Set up the chart of accounts. Set up accounts, subledgers, a model chart of accounts, and an alternate chart of accounts. Also assign third GL account numbers, copy accounts to business units, create accounts dynamically, translate accounts, and revise the structure of your organization.
Set up the General Accounting constants.
Set up multicurrency processing, including currency codes and exchange rates.
Set up ledger type rules.
Set up data relationships.
Enter address book records.
The implementation steps for the JD Edwards EnterpriseOne Financial Management Solutions system are:
Set up batch approval and post security.
Set up system next numbers.
Set up automatic accounting instructions (AAIs).
Set up intercompany settlements.
Set up standard and advanced payment terms.
Set up pay when paid processing options for the Voucher Entry MBF (P0400047), Standard Voucher Entry (P0411), and Voucher Match (P4314) programs.
Set up supplemental data types.