- Oracle E-business Suite
- Oracle Financial
- Oracle Supplychain (SCM)
Enterprise Resource Planning (ERP)
An Enterprise Resource Planning (ERP)
system is an integrated computer-based application used to manage internal and
external resources, including tangible assets, financial resources, materials,
and human resources. Its purpose is to facilitate the flow of information
between all business functions inside the boundaries of the organization and
manage the connections to outside stakeholders. Built on a centralized database
and normally utilizing a common computing platform, ERP systems consolidate all
business operations into a uniform and enterprise-wide system environment.
Main Features of our ERP include:
- Financials
- Supply chain management (SCM)
- Manufacturing
- Warehouse Management
- Distribution
- Customer Relationship Management (CRM)
- Decision Support
Oracle Financials:
Oracle Financials products provide organizations with solutions to
a wide range of long- and short-term accounting system issues. Regardless of
the size of the business, Oracle Financials can meet accounting management
demands with:
Oracle Assets:
Ensures
that an organization's property and equipment investment is accurate and that
the correct asset tax accounting strategies are chosen.
Oracle General Ledger:
Offers
a complete solution to journal entry, budgeting, allocations, consolidation,
and financial reporting needs.
Oracle Payables:
Lets an organization process more invoices
with fewer staff members and tighter controls. Helps save money through maximum
discounts, bank float, and prevention of duplicate payments.
Oracle Cash Management:
Lets
you perform bank reconciliation and cash forecasting.
Oracle Receivables:
Improves cash flow by letting an organization
process more payments faster, without off-line research. Helps correctly
account for cash, reduce outstanding receivables, and improve collection
effectiveness.
Oracle Supply Chain Management (SCM):
Supply chain management (SCM) is the oversight of materials,
information, and finances as they move in a process from supplier to
manufacturer to wholesaler to retailer to consumer. Supply chain management
involves coordinating and integrating these flows both within and among
companies. It is said that the ultimate goal of any effective supply chain
management system is to reduce inventory (with the assumption that products are
available when needed).
Oracle Inventory:
Helps an
organization make better inventory decisions by minimizing stock and maximizing
cash flow.
Oracle Order Management:
Provides
organizations with a sophisticated order entry system for managing customer commitments.
Oracle Purchasing:
Improves buying power, helps negotiate bigger
discounts, eliminates paper flow, increases financial controls, and increases
productivity.
Oracle Sourcing:
Online negotiation with suppliers and online
interaction with supplier tracking receipt
____________________
Chart of Account (COA)
A chart of
accounts (COA) is a created list of the accounts
used by a business entity to define each class of items
for which money or the equivalent is spent or received. It is used to organize
the finances of the entity and to segregate expenditures, revenue, assets and
liabilities in order to give interested parties a better understanding of the
financial health of the entity
Chart of Account Components:
1) Assets
2) Liabilities
3) Owners' Equity
4) Revenues
5) Expenses
2) Liabilities
3) Owners' Equity
4) Revenues
5) Expenses
The structure of the chart of accounts is important because it helps organize the accounts and identify their location...
The structure of the chart of accounts is important because it
helps organize the accounts and identify their location...
Asset
Accounts:
Cash, Bank Accounts, Accounts Receivable (Debtors), Prepaid
Expenses, Inventory (Stock on Hand), Land, Buildings, Vehicles & Equipment,
Investments & Stocks, Accumulated Depreciation and Other Assets
Liability
Accounts:
Accounts Payable (Creditors), Credit Cards, Tax Payable,
Employment Expenses Payable, Bank Loans,
Stockholders'
Equity Accounts:
Common Stock (Share Capital), Retained Earnings (Revenue
Reserves), Drawings
Revenue
Accounts:
Sales Revenue, Sales Returns & Allowances, Sales Discounts,
Interest Income,
Expense
Accounts:
Advertising Expense, Bank Fees, Client Expense, Depreciation
Expense, Payroll Expense, Payroll Tax Expense, Rent Expense, Income Tax
Expense, Office Expense, Utilities Expense
Rules for Debit (DR) and Credit (CR):
Oracle Fixed Asset (FA)
Oracle Fixed Assets (FA) module is one of the Oracle Financials modules and is very flexible package for managing all the fixed asset management for any organization.
Oracle Assets can help enterprises lower administrative costs by streamlining data management.
Oracle Assets can help enterprises lower administrative costs by streamlining data management.
Transactional Flow from AP > FA>GL
Modules Activities:
Additions:
Depreciation:
Retirement:
Prepaid
Services:
Tax Book
Maintenance:
Capitalized
Leases vs. Operating Leases:
Period-End
Process:
For more information please visit http://www.oracle.com/
