Oracle Apps 11i: Setting up Chart Of Accounts (COA) Page - 3

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See the figure below:

Fig 7

-- Save the record.

-- A message will be shown for compiling the flexfield definition. Click OK. See figure below.

Fig 8

-- Another message will be displayed saying that a request to generate flexfield view has been submitted and the view name.

With this step we are done with creating the chart of accounts.

2. Enter the valid Accounting Flexfield Segment values:

Now we need to enter valid values for the accounting flexfield segments. There may be a certain range of values that your value set definition permits. But there may be just a few of these permitted values that you may want to use. These valid values are entered for each segment in this step.

The steps are:

-- Navigate to N>Financials>Flexfields>Key>Values.

Fig 9

-- Make sure that in the ‘Find Values By:’ region, ‘Key Flexfield’ option is selected.

-- Click in the ‘Structure’ field and click on the LOV. In the Find box enter the name of your accounting flexfield structure and click FIND. Click OK when you have selected your AFF structure. Click on FIND in the ‘Find Key Flexfield Segment’ window.

-- Click on ‘Values, Hierarchy, qualifiers’ tab.

-- Enter the values that you want to use for each segment and their meaning in the description (the segment name is shown in the block above the current block).

Fig 10


*1 - You can enter the valid account code combinations through the ‘GL Accounts Form’ (N>Setup>Accounts>Combinations). But since we have enabled the ‘Allow Dynamic Inserts’ option on the ‘Key Flexfield Segments’ window, we do not need to enter valid account combinations in this window before we use them. Whenever such a combination is used, it will be defined dynamically.

Frequently Asked Questions

1. What is a COA?
2. What is a value set?
3. What are dependant and independent value sets?
4. What are Special and pair value sets?
5. Explain the various security types related to value sets.
6. What is the significance of the ‘Allow Dynamic Inserts’ option on the ‘Key Flexfield Segments’ window?
7. What is a pop list?
8. Explain the various flexfield qualifiers.
9. How do you enable the cross validation rules to be applied to this flexfield?
10. Which form can be used to enter the valid account code combinations?