Period close for all modules

Payables
   1. Complete All Transactions for the Period Being Closed
   2. Run the Payables AutoApproval Process for All Invoices / Invoice Batches
   3. Review & Resolve Amounts to Post to the General Ledger
   4. Reconcile Payments to Bank Statement Activity for the Period
   5. Transfer All Approved Invoices Payments, Reconciled Payments to the General Ledger
   6. Review the Payables to General Ledger Posting Process After Completion
   7. Submit the Unaccounted Transactions Sweep Program
   8. Close the Current Oracle Payables Period
   9. Accrue Uninvoiced Receipts
  10. Reconcile Oracle Payables Activity for the Period
  11. Run Mass Additions Transfer to Oracle Assets
  12. Open the Next Payables Period
  13. Run Reports for Tax Reporting Purposes (Optional)
  14. Run the Key Indicators Report (Optional)
  15. Purge Transactions (Optional)

Purchasing
   1. Complete All Transactions for the Period Being Closed
   2. Review the Current and Future Commitments (Optional)
   3. Review the Outstanding and Overdue Purchase Orders (Optional)
   4. Follow up Receipts-Check with Suppliers
   5. Identify and Review Un-invoiced Receipts (Period End Accruals)
   6. Follow Up Outstanding Invoices
   7. Complete the Oracle Payables- Period End Process
   8. Run Receipt Accruals - Period End Process
   9. Reconcile Accounts - Perpetual Accruals
  10. Perform Year End Encumbrance Processing. (Optional)
  11. Close the Current Purchasing Period.
  12. Open the Next Purchasing Period.
  13. Run Standard Period End Reports (Optional)

Inventory/WIP
   1. Complete All Transactions for the Period Being Closed.
   2. Check Inventory and Work In Process Transaction Interfaces.
   3. Check Oracle Order Management Transaction Process.
   4. Review Inventory Transactions.
   5. Balance the Perpetual Inventory.
   6. Validate Work In Process Inventory.
   7. Transfer Summary or Detail Transactions
   8. Close the Current Oracle Payables and Oracle Purchasing Periods
   9. Close the Current Inventory Period
  10. Open the Next Inventory Period
  11. Run Standard Period End Reports (Optional)

Order Management
   1. Complete All Transactions for the Period Being Closed
   2. Ensure all Interfaces are Completed for the Period (Optional)
   3. Review Open Orders and Check the Workflow Status
   4. Review Held Orders
   5. Review Discounts
   6. Review Backorders
   7. Review and Correct Order Exceptions
   8. Reconcile to Inventory
   9. Reconcile to Receivables (Optional)
  10. Run Standard Period End Reports

Receivables
   1. Complete All Transactions for the Period Being Closed
   2. Reconcile Transaction Activity for the Period
   3. Reconcile Outstanding Customer Balances
   4. Review the Unapplied Receipts Register
   5. Reconcile receipts.
   6. Reconcile Receipts to Bank Statement Activity for the Period
   7. Post to the General Ledger
   8. Reconcile the General Ledger Transfer Process
   9. Reconcile the Journal Import Process
  10. Print Invoices
  11. Print Statements (Optional)
  12. Print Dunning (Reminder) Letters (Optional)
  13. Close the Current Oracle Receivables Period
  14. Reconcile Posted Journal Entries
  15. Review Unposted Items Report
  16. Open the Next Oracle Receivables Period
  17. Run Reports for Tax Reporting Purposes (Optional)
  18. Run Archive and Purge programs (Optional)

Assets
   1. Complete All Transactions for the Period Being Closed
   2. Assign All Assets to Distribution Lines
   3. Run Calculate Gains and Losses (Optional)
   4. Run Depreciation
   5. Create Journal Entries
   6. Rollback Depreciation and/or Rollback Journal Entries (Optional)
   7. Create Deferred Depreciation Journal Entries (Optional)
   8. Depreciation Projections(Optional)
   9. Review and Post Journal Entries
  10. Reconcile Oracle Assets to Oracle General Ledger Using Reports.
  11. Run Responsibility Reports (Optional)
  12. Archive and Purge Transactions (Optional)

Projects
   1. Change the Current Oracle Projects Period Status from Open to Pending Close
   2. Open the Next Oracle Projects Period
   3. Complete All Maintenance Activities
   4. Run Maintenance Processes
   5. Complete All Transaction Entry for the Period Being Closed
   6. Run the Final Cost Distribution Processes
   7. Interface Transactions to Other Applications (AP, GL, FA)
   8. Generate Draft Revenue for All Projects
   9. Generate Invoices
  10. Run Final Project Costing and Revenue Management Reports
  11. Transfer Invoices to Oracle Receivables
  12. Interface Revenue to General ledger (Project Billing Only)
  13. Run Period Close Exception and Tieback Reports
  14. Change the Current Period Oracle Projects Status from Pending Close to Closed
  15. Advance the PA Reporting Period (Optional)
  16. Update Project Summary Amounts
  17. Restore Access to User Maintenance Activities
  18. Permanently Close the Oracle Projects Period (Optional)
  19. Reconcile Cost Distribution Lines with General Ledger (Optional)

Cash Managment
   1. Load Bank Statements
   2. Reconcile Bank Statements
   3. Create Miscellaneous Transactions
   4. Review AutoReconciliation Execution Report
   5. Resolve Exceptions on the AutoReceonciliation Execution Report
   6. Run Bank Statement Detail Report
   7. Run Transactions Available for Reconcilaition Report
   8. Resolve Un-reconciled Statement Lines
   9. Run the GL Reconciliation Report
  10. Run the Account Analysis Report for the General Ledger Cash Account
  11. Review the Account Analysis Report
  12. Correct any Invalid Entries to the General Ledger Cash Account (Optional)
  13. Perform the Bank Reconciliation

General Ledger
   1. Ensure the Next Accounting Period Status is Set to Future Entry

  Journal
   2.1 Complete Oracle Sub-ledger Interfaces to Oracle General Ledger
   2.2 Upload Journals from ADI (Applications Desktop Integrator) to Oracle General Ledger
   2.2 Complete Non-Oracle Sub-ledger Interfaces to Oracle General Ledger (Optional)
   2.3 Generate Reversal Journals (Optional)
   2.4 Generate Recurring Journals (Optional)
   2.5 Generate Mass Allocation Journals (Optional)
   2.6 Review and Verify Journal Details of Unposted Journal Entries
   2.7 Post All Journal Batches

 Reports
 1. Run General Ledger Trial Balances and Preliminary Financial Statement Generator Reports (FSGs)
  2.. Revalue Balances (Optional)
  3. Translate Balances (Optional)
  4. Consolidate Sets of Books (Optional)
  5. Review and Correct Balances (Perform Reconciliations)
  6. Enter Adjustments and / or Accruals and Post
  7. Perform Final Adjustments

  Closing
  1. Close the Current Oracle Gneral Ledger Period
  2. Open the Next Oracle General Ledger Period
  3. Run Financial Reports for the Closed Period
  4. Run Reports for Tax Reporting Purposes (Optional)
  5. Perform Encumbrance Year End Procedures (Optional) 

Oracle Fixed Assets Useful Tables

1- FA_DEPRN_PERIODS

2- FA_DEPRN_SUMMARY

3- FA_ADDITIONS_B

4- FA_BOOKS

5- FA_CATEGORIES_B

6- FA_DEPRN_DETAIL

FA_DEPRN_PERIODS contains information about your depreciation periods. Oracle Assets uses this table to determine when each period in FA_CALENDARS was open for a depreciation book. PERIOD_OPEN_DATE and PERIOD_CLOSE_DATE are the dates when you opened and closed each book’s depreciation period. Each time you run the depreciation program, it closes the current period by setting PERIOD_CLOSE_DATE to the system date. It also opens the next period by inserting a new row into this table in which PERIOD_CLOSE_DATE is NULL and PERIOD_OPEN_DATE equals the PERIOD_CLOSE_DATE of the old row. CALENDAR_PERIOD_OPEN_DATE and CALENDAR_PERIOD_CLOSE_DATE correspond to your calendar as defined by the START_DATE and END_DATE columns in FA_CALENDAR_PERIODS.

FA_DEPRN_SUMMARY contains depreciation information for your assets. Each time you run the depreciation program, it inserts one row into thistable for each asset. PERIOD_COUNTER is the period for which you ran the depreciation program. DEPRN_AMOUNT is the depreciation expense for an asset in a depreciation period. It is the sum of DEPRN_AMOUNT in all the rows of FA_DEPRN_DETAIL for the asset and period. YTD_DEPRN is the accumulated depreciation of an asset for the current fiscal year as of the end of this period. DEPRN_RESERVE is the total accumulated depreciation for this asset. DEPRN_SOURCE_CODE tells you what program created the row BOOKS Created by the Depreciation Books form, Quick Additions form, or the post mass additions program when you enter a new asset. DEPRN Created by the depreciation program when you run depreciation. ADJUSTED_COST is the depreciable basis the depreciation program uses to calculate depreciation for an asset in a depreciation period. This value is the same as the asset’s recoverable cost, except for assets that use a diminishing value depreciation method, assets to which you have made an amortized adjustment, and assets you have revalued.

For assets that use a diminishing value method, the ADJUSTED_COST is the beginning of year net book value, which the depreciation program updates at the start of each fiscal year. When you perform an amortized adjustment on an asset or revalue it, the ADJUSTED_COST becomes the asset’s net book value at the time of the adjustment or revaluation. BONUS_RATE is the bonus rate that Oracle Assets adds to the adjusted rate to give you the flat rate for the fiscal year. The depreciation program uses this rate to calculate depreciation for an asset. This only applies to assets that use both a flat–rate depreciation method and bonus depreciation.

FA_ADDITIONS_B contains descriptive information to help you identify your assets. Oracle Assets does not use this table to calculate depreciation.When you add an asset, Oracle Assets inserts a row into this table and into FA_ASSET_HISTORY. When you change the asset information stored in this table, Oracle Assets updates it in this table. It also creates a new row in FA_ASSET_HISTORY. When you perform a unit retirement, Oracle Assets reduces the CURRENT_UNITS by the units retired. UNIT_ADJUSTMENT_FLAG is set to YES by the Additions form if you change the number of units for an asset. The Transfers form resets it to NO after you reassign the remaining units. FA_ADJUSTMENTS stores information that Oracle Assets needs to create journal entries for transactions. The posting program creates journal entries for regular depreciation expense from information in FA_DEPRN_DETAIL. Oracle Assets inserts a row in this table for the debit and credit sides of a financial transaction. All the rows for the same transaction have the same value in the TRANSACTION_HEADER_ID column. The SOURCE_TYPE_CODE column tells you which program created the adjustment:

- ADDITION Depreciation program

- ADJUSTMENT Expensed or Amortized Adjustment User Exit

- CIP ADDITION Depreciation program

- CIP ADJUSTMENT Expensed or Amortized Adjustment User Exit

- CIP RETIREMENT Gain/loss program

- DEPRECIATION Depreciation program (Retroactive transactions andexpensed depreciation adjustments)

- RETIREMENT Gain/loss program

- RECLASS Reclassification user exit

- TRANSFER Transfers form

- TAX Reserve Adjustments form

- REVALUATION Mass revaluation program

The ADJUSTMENT_TYPE column tells you which type of account Oracle Assets adjusts. DEBIT_CREDIT_FLAG is DR if the amount is a debit and CR if the amount is a credit. ADJUSTMENT_AMOUNT is the amount debited or credited to the account. ANNUALIZED_ADJUSTMENT is the adjustment amount for a period times the number of periods in a fiscal year. The depreciation program uses it to calculate the depreciation adjustment for an asset when you perform multiple retroactive transactions on the asset. Oracle Assets calculates ADJUSTMENT_PER_PERIOD by dividing the ADJUSTMENT_AMOUNT for a retroactive transaction by the numberof periods between the period you entered the transaction and the period that it was effective. For current period transactions, this columnis zero. PERIOD_COUNTER_CREATED IS the period that you entered the adjustment into Oracle Assets. PERIOD_COUNTER_ADJUSTED is the period to which the adjustment applies. It is the same as PERIOD_COUNTER_CREATED, unless you enter a reserve adjustment, in which case PERIOD_COUNTER_ADJUSTED is the last period of the fiscal year to which the adjustment applies. CODE_COMBINATION_ID indicates the Accounting Flexfield combination Oracle Assets debits or credits for all transactions except reclassifications and intercompany transfers. This CODE_COMBINATION_ID is generated using the Account Generator, and the posting program does not perform any further processing.

FA_BOOKS contains the information that Oracle Assets needs to calculate depreciation. When you initially add an asset, Oracle Assets inserts one row into the table. This becomes the ”active” row for the asset. Whenever you use the Depreciation Books form to change the asset’s depreciation information, or if you retire or reinstate it, Oracle Assets inserts another row into the table, which then becomes the new ”active” row, and marks the previous row as obsolete.

At any point in time, there is only one ”active” row in the table for an asset in any given depreciation book. Generally, Oracle Assets uses the active row, but if you run a report for a prior accounting period, Oracle Assets selects the row that was active during that period. You can identify the active row for anasset in a book because it is the only one whose DATE_INEFFECTIVE and TRANSACTION_HEADER_ID_OUT are NULL. When Oracle Assets terminates a row, the DATE_INEFFECTIVE and TRANSACTION_HEADER_OUT are set to the DATE_EFFECTIVE and TRANSACTION_HEADER_IN of the new row, respectively. This means that you can easily identify rows affected by the same transaction because they have the same DATE_EFFECTIVE / DATE_INEFFECTIVE and TRANSACTION_HEADER_ID_IN / TRANSACTION_HEADER_ID_OUT pairs.When Oracle Assets creates the new row, the value used for the TRANSACTION_HEADER_ID_IN column is the same as the TRANSACTION_HEADER_ID in the row inserted into FA_TRANSACTION_HEADERS, and the DATE_EFFECTIVE is the system date. When you retire an asset, Oracle Assets inserts a new row to reduce the COST by the amount retired. When you reinstate an asset, Oracle Assets inserts a new row to increase the COST by the COST_RETIRED in the corresponding row in FA_RETIREMENTS.RATE_ADJUSTMENT_FACTOR is originally 1. It is used to spread depreciation over the remaining life of an asset after an amortization or revaluation. If you perform a revaluation or an amortized adjustment, Oracle Assets resets the Rate Adjustment Factor to prorate the remaining recoverable net book value over the remaining life. This fraction is calculated as [Recoverable Cost – what Depreciation Reserve would be]/Recoverable Cost. The depreciation program uses this value to adjust the depreciation rate for an asset.

FA_CATEGORIES_B stores information about your asset categories. This table provides default information when you add an asset. The depreciation program does not use this information to calculate depreciation.The Asset Categories form inserts one row in this table for each asset category you define. The Application Object Library table FND_ID_FLEX_SEGMENTS stores information about which column in this table is used for each segment.

FA_DEPRN_DETAIL contains the depreciation amounts that the depreciation program charges to the depreciation expense account in each distribution line.

Oracle Assets uses this information to create depreciation expense journal entries for your general ledger.The depreciation program inserts one row per distribution line for an asset each time you run depreciation.

For example, if you assign an asset to two different cost centers, the depreciation program inserts two rows in this table for the asset. DEPRN_AMOUNT is the amount of depreciation expense calculated forthis distribution line.YTD_DEPRN is the year–to–date depreciation allocated to thisdistribution line.When you add an asset, Oracle Assets inserts a row into this table for the period before the current period. This row has the asset cost in the ADDITION_COST_TO_CLEAR column and a DEPRN_SOURCE_CODE of ’B’. This column is used for reporting on new assets. When you run depreciation, Oracle Assets transfers the cost to the COST column in the current period row, this row has a DEPRN_SOURCE_CODE of ’D’.