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Project Oracle - GL

This document summarizes the solution design for implementing an oracle general ledger module for Maersk Group and its subsidiaries. It describes setting up the chart of accounts, accounting calendar, and currencies. The chart of accounts will include account numbers segmented by company, product, location and currency. The accounting calendar will follow the Indian financial year of April 1 to March 31, divided into monthly periods. The functional currency will be Indian rupees, with other major currencies like USD, euro, pound and riyal also used.

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81 views

Project Oracle - GL

This document summarizes the solution design for implementing an oracle general ledger module for Maersk Group and its subsidiaries. It describes setting up the chart of accounts, accounting calendar, and currencies. The chart of accounts will include account numbers segmented by company, product, location and currency. The accounting calendar will follow the Indian financial year of April 1 to March 31, divided into monthly periods. The functional currency will be Indian rupees, with other major currencies like USD, euro, pound and riyal also used.

Uploaded by

sureshcamba7047
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Document Purpose:

This document describes the solution design of oracle general ledger module to be
implemented for Maersk Group of companies.

MAERSK and its Subsidiaries

APM terminals Maersk Energy

Maersk Shipping Services Maersk Oil

Maersk Line MCC Transport SAFMARINE Sea Land Zonal offices

Chennai

Pune

Bangalore

Kolkata

1. Chart Of Accounts:

1. Business Sub-process:COA
Description: COA is used for listing down all the accounts used in the General ledger of an
organization. It also defines the number and attributes of different segments.
Example:
Account Company Name Product Locations Currency
Number
10123 Maersk line US Dollar
10124 MCC transport India INR
10125 SAF marine Africa
20122 Maersk oil Oil Qatar Riyal
30123 APM Terminals Canada Canadian dollar

Calendar:

1. Business Sub-process: Accounting calendar


Description: Accounting calendar defines an accounting year and period it contains required for
accounting. Main components of calendar are Type and number of periods.

2. Business Sub-process: Calendar type


Description: Maersk will follow financial year basics of accounting,ie:1st of April to 31st of
march.

3. Business Sub-process: Period Structure


Description:
Process Month Type Year From & To Period
Feb Month 2020 Feb 01 to Feb 28
Mar Month 2020 Mar 01 to Mar 31

Currency:
1. Business Sub-process: Identifying the functional currency.
Description: The functional currency for Maersk will be Indian rupees(INR).

2. Business Sub-process: Identifying the major other currency.


Description: Maersk will also transact with other currency like USD,EURO,Pound,Riyal.

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