Understanding Basic Commitment Control Setup

This section discusses:

• Enabling Commitment Control.

• Installation options for default budget date, reversal date, and budget period liquidation option.

• ChartField definition.

• Control budget setup.

• Commitment Control ledgers and ledger groups.

• Control ChartFields.

• Key ChartFields and translation trees.

• Budget period calendars and cumulative budgeting.

• Rulesets.

• Hierarchy of control budget attributes.

• Multiple SetIDs within a control budget definition.

• Parent and child budgets.

• Statistical budgeting.

• Balancing entries.

• Project Costing and control budgets with funding source.

• Budget reference ChartField.

• Budget journal entry event codes.

• Commitment Control detail tracking ledger groups.

• Associated expenditure and revenue budgets.

• Copying budget definitions, ledgers, and ledger groups.