Understanding Statistical Journals

These topics provide an overview of statistical journals and discuss how to set up for journal entries using statistics as well as how to create journal entries using statistics.

This section lists prerequisites, provides an overview of statistical journals and discusses:

• Statistical ledger and accounts method.

• Statistics code method.

• Budget checking statistical budgets.

• Approving statistical journals.

In Oracle's PeopleSoft General Ledger, you can use statistical data to facilitate financial analysis and reporting, as well as to form the basis for allocating certain expenses. You can use statistic codes to track non-monetary amounts, to allocate expenses such as overhead to products, or to calculate a ratio of expense versus the number of customers for a regional expense analysis.

Units of measure determine how to quantify the statistical amount entered on a journal. You must associate each statistical account or statistics code with a standard unit of measure. This controls the units that appear in reports and enables the automatic conversion feature.

Automatic conversion enables you to post journal entries in whatever unit is convenient during journal entry. The system automatically converts entered units to standard units—for example, square yards to square feet. To do this, use the Convert To and Conversion Rate entries on the Units of Measure page. During journal entry, when you enter the statistical amount in square yards, the system converts that amount to square feet automatically, a system message confirms it, and the journal line stores the amount in square feet.

You can use one of two methods to implement statistics:

• Use a statistical ledger containing statistical accounts used in your journal entries.

• Use statistics codes associated with monetary accounts.