Oracle Financials R11.5.9 at Stanford University
Recently I came across the Oracle Financials site at Stanford University. This post contains a review of the various sections of the site.
The Oracle Financials Site at Stanford University is an excellent resource for anyone interested in learning and reading about Oracle Financials implementations. Being a University, the site gives you a good idea of how Oracle E-Business Suite can be implemented in a Higher Education Institute. It’s also interesting to note that Stanford has recently upgraded to the latest version of Oracle E-Business Suite, namely R11.5.9. You can read about Stanfords Upgrade from 11.5.8 to 11.5.9 here. The Oracle Financials System site is categorised in to the following sections: -
- Learning Centre
- Chart of Accounts
- identify specific “pots” of money;
- specify what that money may be used for; and
- record the transactions related to that money
- facilitates financial reporting;
- provides a framework for understanding the financial results of Stanford’s operations; and
- controls how financial transactions and balances are collected and stored in the Oracle system
- Labor Distribution
According to this page: -
The Chart of Accounts is the underlying structure for organizing financial information at Stanford. Stanford adopted a new Chart of Accounts along with the new Oracle Financials system in 2003. News and general information about the Chart of Accounts and associated issues may be found here.
In the news item "What is the Chart of Accounts" the University explains: -
The Chart of Accounts is the set of codes used to classify and record financial transactions in meaningful ways. These codes enable Stanford to: -
By fulfilling the above functions, the Chart of Accounts also: -
Under this news item you will also find the Universities Chart of Accounts Segment Structure as well as mapping tables and spreadsheets which outline how the legacy Chart of Accounts translates to the new structure.
Dartmouth College also has a nice explanatory site here; don’t know which version they are using though.
Posted by on 07/23 at 11:34 PM
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