Period Closing Process in Financials Modules part2

Period Closing Process in Financials Modules part2, askhareesh blog for Oracle apps
Assets
  1. Complete All Transactions for the Period Being Closed
  2. Assign All Assets to Distribution Lines
  3. Run Calculate Gains and Losses (Optional)
  4. Run Depreciation
  5. Create Journal Entries
  6. Rollback Depreciation and/or Rollback Journal Entries (Optional)
  7. Create Deferred Depreciation Journal Entries (Optional)
  8. Depreciation Projections(Optional)
  9. Review and Post Journal Entries
  10. Reconcile Oracle Assets to Oracle General Ledger Using Reports.
  11. Run Responsibility Reports (Optional)
  12. Archive and Purge Transactions (Optional)

Projects
  1. Change the Current Oracle Projects Period Status from Open to Pending Close
  2. Open the Next Oracle Projects Period
  3. Complete All Maintenance Activities
  4. Run Maintenance Processes
  5. Complete All Transaction Entry for the Period Being Closed
  6. Run the Final Cost Distribution Processes
  7. Interface Transactions to Other Applications (AP, GL, FA)
  8. Generate Draft Revenue for All Projects
  9. Generate Invoices
  10. Run Final Project Costing and Revenue Management Reports
  11. Transfer Invoices to Oracle Receivables
  12. Interface Revenue to General ledger (Project Billing Only)
  13. Run Period Close Exception and Tieback Reports
  14. Change the Current Period Oracle Projects Status from Pending Close to Closed
  15. Advance the PA Reporting Period (Optional)
  16. Update Project Summary Amounts
  17. Restore Access to User Maintenance Activities
  18. Permanently Close the Oracle Projects Period (Optional)
  19. Reconcile Cost Distribution Lines with General Ledger (Optional)

Cash Management
  1. Load Bank Statements
  2. Reconcile Bank Statements
  3. Create Miscellaneous Transactions
  4. Review AutoReconciliation Execution Report
  5. Resolve Exceptions on the AutoReceonciliation Execution Report
  6. Run Bank Statement Detail Report
  7. Run Transactions Available for Reconcilaition Report
  8. Resolve Un-reconciled Statement Lines
  9. Run the GL Reconciliation Report
  10. Run the Account Analysis Report for the General Ledger Cash Account
  11. Review the Account Analysis Report
  12. Correct any Invalid Entries to the General Ledger Cash Account (Optional)
  13. Perform the Bank Reconciliation

General Ledger
  1. Ensure the Next Accounting Period Status is Set to Future Entry
  2. Complete Oracle Sub-ledger Interfaces to Oracle General Ledger
  3. Upload Journals from ADI (Applications Desktop Integrator) to Oracle General Ledger
  4. Complete Non-Oracle Sub-ledger Interfaces to Oracle General Ledger (Optional)
  5. Generate Reversal Journals (Optional)
  6. Generate Recurring Journals (Optional)
  7. Generate Mass Allocation Journals (Optional)
  8. Review and Verify Journal Details of Unposted Journal Entries
  9. Post All Journal Batches
  10. Run General Ledger Trial Balances and Preliminary Financial Statement Generator Reports (FSGs)
  11. Revalue Balances (Optional)
  12. Translate Balances (Optional)
  13. Consolidate Sets of Books (Optional)
  14. Review and Correct Balances (Perform Reconciliations)
  15. Enter Adjustments and / or Accruals and Post
  16. Perform Final Adjustments
  17. Close the Current Oracle Gneral Ledger Period
  18. Open the Next Oracle General Ledger Period
  19. Run Financial Reports for the Closed Period
  20. Run Reports for Tax Reporting Purposes (Optional)
  21. Perform Encumbrance Year End Procedures (Optional)
Note: This list talks at various points about the 'Standard Reports'. If you can name the standard period closing reports in various modules, that can add value to this list



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