Overview of Common Financials Configuration for Rapid Implementation

You can use the Rapid Implementation for General Ledger workbook template to rapidly implement the following common setup objects for enterprise structures:

• Chart of accounts, including value sets, value set values, structures, and structure instances

• Account hierarchies, represented in the application through trees and tree versions

• Accounting calendars (monthly type only)

• Legal entities

• Primary ledgers with legal entity assignments to primary balancing segment values

• Business units

• Rules of generating sequential IDs for transactions recorded in the application

• Select setup objects along with their accounting specifications, for various Financial applications