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Download Oracle General Ledger User Guide
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Designing Your Accounting Flexfield: page 9 – 28 Designing Your Account Segments: page 9 – 32 Defining Your Account Structure: page 9 – 37 Key Flexfields in Oracle Applications Oracle Applications Flexfields Guide Designing Your Account Segments The account structure helps you categorize your accounting information as you record it. You create an account structure by defining Accounting Flexfield segments that comprise the account. You should design your accounts to determine the number and characteristics of the segments you need. Here are some common entities that many organizations define with separate account segments: • Company: A segment that indicates legal entities for commercial, for–profit organizations. • Fund: A segment that indicates a fiscal and accounting entity with a self–balancing set of accounts for governmental or not–for–profit organizations. • Cost Center or Department: A segment that indicates functional areas of your business or agency, such as Accounting, Facilities, Shipping, and so on. • Account: A segment that indicates your ”natural” account, such as Cash, Accounts Payable, or Salary Expense. • Product: A segment that indicates products, such as disk drives, printer cables or magnetic tapes manufactured by a commercial, for–profit organization. • Program: A segment that indicates programs, such as, for a university, scholarship program, endowment program, or annual giving program. • Project: A segment that indicates projects such as work orders, contracts, grants, or other entities for which you want to track revenues and expenses. • District: A segment that indicates geographical locations, such as Northern California, Central Florida or Western New York. 9 – 32 Oracle General Ledger User Guide
