Chart of Accounts

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Oracle General Ledger includes an extremely versatile chart of accounts, giving enterprises the freedom to retain successful business practices while trading up to Oracle software products. Oracle General Ledger’s flexible design recognizes each enterprise’s need for custom data capture and user interface adaptability.
Business Needs
With Oracle General Ledger you can:
•        Define a flexible account structure that fits the way you run your organization now, and anticipates the way you will run your organization in the future
•        Define an account structure large enough to reflect the important aspects of your organization, yet small enough so that it is manageable and meaningful
•        Define an account structure that accommodates and properly classifies information from your other financial information sources
•        Create an account structure that mirrors your existing organization structure without requiring any modifications to data entry screens or reports.
•        Create an account structure which will be completely preserved through upgrades
Major Features
Customizable Account Structure
You define the Oracle General Ledger account structure to fit the specific needs of your organization. You choose the number of segments, the length of each segment, and the name and order of each segment in your account structure.
Flexible Organization Structures
You can review your summary accounting information from multiple perspectives. For example, you can summarize across product lines, cost centers, or even geographical regions, and you can summarize your data to multiple levels of detail. Oracle General Ledger empowers financial executives by providing the freedom to perform reporting and analysis against unlimited hierarchy structures, regardless of when a particular structure was in use.
Graphical Hierarchy Editor
You can use the drag and drop graphical user interface of Oracle’s Account Hierarchy Editor to create, maintain, simulate, view, and print your Oracle General Ledger account hierarchies.  Complex reorganizations are as simple as dragging and dropping your cost centers, accounts, and product lines to new positions in your rollup structure.
Intercompany Segment Qualifier

There are four types of qualifiers: Balancing Segment, Natural Account Segment, Cost Center Segment, and he new Intercompany Segment. The intercompany segment shares the same value set as the balancing segment and is used in the account combination General Ledger creates to balance intercompany journals. By including an intercompany segment in the accounting flexfield, you can track the trading companies involved in an intercompany transaction. Every time an intercompany transaction is generated, the intercompany segment is automatically populated with the balancing segment of the trading partner. When you post intercompany journal entries, General Ledger creates balancing journal lines using the appropriate intercompany accounts for the source, category, balancing segment, and type It also considers the intercompany segment and clearing company, if applicable.

Segment Value Inheritance

Eases chart of accounts maintenance by automatically replicating changes to segment value attributes to the accounts that contain that segment value. For example, if you disable a particular cost center in your chart of accounts, you can optionally require that all accounts that contain that cost center are automatically disabled. You can also prevent selected accounts from being affected by segment value attribute changes.