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You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment. What is Oracle's recommended method to define this chart of accounts?

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Final answer:

Oracle recommends creating a chart of accounts with a detailed structure that includes an intercompany segment and defining security rules for the company segment to control access based on responsibilities. It is important for the chart to be scalable and to consider intercompany transaction mapping.

Step-by-step explanation:

To define a chart of accounts that includes an intercompany segment with segment value security rules for the Company segment in Oracle, it is recommended to follow Oracle's best practices. Firstly, create a detailed chart of accounts structure that reflects the organizational needs, including identifying and configuring the intercompany segment. Secondly, define the security rules for the company segment which will control access to segment values based on responsibilities within the Oracle application.

It is crucial to ensure that the chart of accounts is scalable and adaptable to future changes. Also, consider integrating intercompany transaction rules and mapping to allow for seamless intercompany transactions. The use of segment value security will enhance control over the data access and financial reporting.

For optimal performance, it's advisable to engage with an Oracle specialist or consultant if there's a lack of in-house expertise on the specific implementation strategy of the chart of accounts and associated segment rules.

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