Chart Of Accounts Table In Oracle Apps R12
Introduction
Chart of Accounts (COA) is a critical component of Oracle Apps R12 financials. The COA is a structure that defines the various accounts that are used in financial transactions, and it provides a framework for organizing financial data. The COA table in Oracle Apps R12 is where all the account information is stored. In this article, we will discuss the COA table in Oracle Apps R12 in detail.
COA Table Structure
The COA table in Oracle Apps R12 has the following columns:
- Segment Name
- Segment Value
- Parent Value
- Description
- Enabled Flag
- Start Date Active
- End Date Active
- Summary Flag
The Segment Name column represents the name of the segment, while the Segment Value column represents the value of the segment. The Parent Value column is used to maintain the hierarchical relationship between segments. The Description column provides a brief description of the segment, while the Enabled Flag column indicates whether the segment is enabled or not. The Start Date Active and End Date Active columns indicate the period during which the segment is active. Finally, the Summary Flag column is used to indicate whether the segment is a summary segment or not.
COA Table Usage
The COA table in Oracle Apps R12 is used to store information about the various accounts that are used in financial transactions. The COA table is used in conjunction with the General Ledger (GL) module to process financial transactions. The GL module uses the COA information to validate transactions and to generate financial reports.
COA Table Maintenance
The COA table in Oracle Apps R12 should be maintained regularly to ensure that the information it contains is accurate and up-to-date. The COA table can be maintained using the Oracle Apps R12 user interface or by using SQL scripts. When making changes to the COA table, it is important to ensure that the changes do not impact the overall structure of the COA.
COA Table Best Practices
Here are some best practices for managing the COA table in Oracle Apps R12:
- Ensure that the COA structure is aligned with the organization's chart of accounts
- Regularly review and update the COA table to ensure that it reflects the current financial structure of the organization
- Use meaningful names for the segments to make it easier to understand the COA structure
- Avoid making unnecessary changes to the COA structure
Conclusion
The COA table in Oracle Apps R12 is a critical component of financials, and it is used to store information about the various accounts used in financial transactions. The COA table should be maintained regularly to ensure that it reflects the current financial structure of the organization. By following best practices for managing the COA table, organizations can ensure that they have an accurate and up-to-date view of their financials.