There are two types of divisions referenced in the system: a division and a GL division. This is a rather powerful structure, but it can be confusing.
General Ledger divisions typically comprise individual entities (e.g., companies) in your general ledger. You must set up a GL division for each such entity. The GL division's sole purpose in the system is to define the accounting period associated with financial transactions linked to obligations associated with the GL division (obligations are associated with GL divisions via their obligation type). The system cares about accounting periods in order to prevent a user from booking moneys to closed periods. It also uses accounting periods when it produces the flat file that contains the consolidated journal entry that is interfaced to your general ledger (refer to The GL Interface for more information).
When determining how many GL Divisions you need, be sure to consider your general ledger and how your chart-of-accounts is structured. You will typically have one GL division for each "company" in your general ledger.
A division is typically associated with a jurisdiction. The definition of a jurisdiction is a geographic-oriented entity with unique business rules. You must set up a division for each jurisdiction in which you conduct business.
Refer to Setting Up Divisions for information about divisions.
To define a general ledger division, select choose .
Description of Page
Enter a unique GL Division for the general ledger division.
Enter a Description of this general ledger division.
Define the accounting Calendar ID that controls how to convert an FT's accounting date into an accounting period. Refer to Defining Accounting Calendars for more information.
You may define a Currency Code for the GL division. Note that the system does not use this currency code.
Where Used
Follow this link to open the data dictionary where you can view the tables that reference CI_GL_DIVISION.
Copyright © 2011, Oracle and/or its affiliates. All rights reserved.