Oracle Cloud offers a broad portfolio of software as a service applications, platform as a service, and social capabilities, all on a subscription basis. Oracle Cloud delivers instant value and productivity for end users, administrators, and developers alike through functionally rich, integrated, secure, enterprise cloud services.
 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Subscribe to the OracleAppsHub to receive notifications when there are new posts:

 get RSS feed
 Oracle Fusion Applications (OFA) is a portfolio of next generation suite of software applications from Oracle Corporation. It is distributed across various product families; including financial management, human capital management, customer relationship management, supply chain management, procurement, governance, and project portfolio management
 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Balance sheet Basics

Posted on June 8th, 2017 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

To undestand this take a example from Individual to Business.

If you want to consider your own financial situation ,then three things you will consider :

  • How much is owns
  • How much is owes

and, these two makes how much is your net worth.

net worth =owns - owes

or

owns =owes +net worth

So you have two major category, if I ask you what are things which you consider then you might be able to list down few as

  • own simply means : cash in bank, some big asset like house, car and any other property like Stock, or may be your PF and CPF or 401(k) account that you are going to claim.
  • The "owing" simply means your mortgage, car loan, credit card balance and any other debt.

with this simple equation you can able to find your net worth. Sound good:)

so now move this understanding in business world.

In business world, there is slighly change in the understanding:

  1. What the company owns is called it assets
  2. What it owes is called it liabilitties
  3. What it's worth is called owner's equity or shareholder equity.

combining you will get asset-liabilities= owner's equity

or

asset = liability +owner's equity

if you recall this is what called fundamental of accounting equation.This latter formulation reflects the two sides of the balance sheet: Asset on the one side , liability and owner's equity on the others. The sum on the side has to equal the sum on the other side, that means Balance sheet has to balance.

 

Do you know the reason of Balance sheet Balance

in above example you have seen company balance sheet just in the same way you'd look a indivual's net worth.

Net worth has to equal what you owns minus what he owes, beacuse why net worth we called as "individual", which is same for a business.

Now take a look at what the balance sheet shows.

Take a example

Lets take a example , a company is being started with initail investment of 50000 to run the business , the investor is consider as owner . So he has 50000 in cash on the assets side of the balance sheet . At this point he does not have any liabilities, therefore he has 50000 in the owner's equity. so this stage balance sheet is balances.

Now , the company buy a vechile for 36000 in cash, if nothing else changes - and if you construct the balance sheet at this stage after the vechicle transaction, then the asset side of balance sheet looks like:

Asset

--------------------------------

  • Cash 14000
  • Property , Plant and equipment (36000)

it still adds up to 50000 - and the other side of the balance sheet, he still has 50000 worth in owner's equity. What you can see , the balace sheet is still balanced.

now the owners decided he need to expand his business and to do this he need some money , so he approch bank and taken a loan for 10000. This 10000 amt borrowed from bank , raise his total cash to 24000(14000 earlier +10000 bank loan), then One side of Balance sheet looks like

Asset

--------------------------------

  • Cash 24000
  • Property , Plant and equipment (36000)

thats makes a total of 60000. He has incresed his asset, but the same time he also increase his liabilities as well, this 10000 he need to pay in near future , as this is liablity for him. So the other side of the balance sheet looks like

Liabilties and Owner's Equity

--------------------------------

  • Bank Loan 10000
  • Owner's equity 50000

Thats also makes the other side 60000,the only thing you noticed is owner's equity remain unchanged throughout all these transactions. Nornally owner's equity only affected when a company takes fund from its owners and pays out the money to owners or record a profit or loss.

Therefore as long as you remember the fundamental fact the balance sheet always balanced.

dgreybarrow Balance sheet normally assessing a company's health

It will decide the company is solvent or not ? if asset outweigh its liability, so that owner's equity is a positive number?

Can company pay its bills? This will be decided on current asset, particulaly cash compared with current liabilities.

How owner's equity been growing over time ? a comparision of Balance sheet for a period of time will show whether the company is doing good or not?

If you are doing some investment in company stock, then as investor you need to have much more detail examnination of Balance sheet and some of the foot note that you always find.

 

Posted in Personalizations | No Comments »

Certification for E-Business Applications(OracleApps) Consultant??

Posted on September 17th, 2009 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Do you know there are 475,000 Oracle certified professionals across the globe. Few credentials in the business world carry the value of Oracleapps certification for Consultant. Take the advantage of getting certified. Out of five major set of certification , OCE is being provided in OracleApps Area.

What is OCE...

aka.Oracle Certified Expert

This is advanced certification that required proven project experience, business process knowledge, and a more detailed understanding of Oracle Application Implementation solutions. This is new type of specialization certification which recognize competency in specific technologies, architectures or domains.

Available Certification

These are the certification currently available in Oracle Application area Covering R12.

Where to start with

If you are planning for certification , check out the Mohan's Blog, this is good starting point. You can also check the Oracle web site for Certification details , pre-requisite , training requirement and and Fee structure.

Posted in Misc, Personalizations | 1 Comment »

Turn off Horizontal menu in forms

Posted on May 15th, 2009 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Sometime you can't understand why user want specific things which really does not have good cause. The one such case is turning off Horizontal menu in one of the Oracle EBS forms.

If this is the case, there is no shortcut or profile option, rather you need to take technical help some who can open the form in Builder.

If you required to eliminate the forms default menu?

Here to go:

In the Form Builder, open the property palette for the Form. Highlight the form name. Right mouse click to open the property palette. There should be listed a menu - the default menu is default & smartbar. Just Delete this.compile and restore within the application top of form sub folder.

Anyone have better idea , to turn off horizontal menu ???

Posted in AOL, Personalizations | 1 Comment »

Moving Personalizations between instances …FNDLOAD for Form Personalization

Posted on May 10th, 2009 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Most of developer always struggle when ever it come to migration of form personalization component, beacuse of limitation of full access in Production box. Therefore, It's better to use oracle seeded Migration tool FNDLOAD.

Once you created and done testing for personalizations in your development/test instance, you can move them to production instances.

As discussed in last post, Personalization is per Function not per form therefore this can extracted by the loader on a per-function basis.

You should take a note that upon uploading, all prior personalizations for that function are first deleted, and then the contents of the loader file are inserted. So be careful..)

dgreybarrow FNDLOAD - A pain killer for migration

you can either Download for a specific form or specfic function of the form. In both the case same affrmcus.lct is used.

Download -specific form< /STRONG>

FNDLOAD <userid>/<password> 0 Y DOWNLOAD $FND_TOP/patch/115/import/affrmcus.lct <filename.ldt> FND_FORM_CUSTOM_RULES
form_name=<form name>< /FONT>

Download -for all personalizations< /FONT>

FNDLOAD <userid>/<password> 0 Y DOWNLOAD $FND_TOP/patch/115/import/affrmcus.lct <filename.ldt> FND_FORM_CUSTOM_RULES function_name=<function name>< /FONT>

  • Function_name is a required parameter
  • You cann't download lct file with out any supplied value.

Upload
FNDLOAD <userid>/<password> 0 Y UPLOAD $FND_TOP/patch/115/import/affrmcus.lct <filename.ldt>

Uasge

FNDLOAD apps/apps 0 Y DOWNLOAD $FND_TOP/patch/115/import/affrmcus.lct xxapperiod.lct FND_FORM_CUSTOM_RULES form_name=APXSUMPS

FNDLOAD apps/apps 0 Y UPLOAD $FND_TOP/patch/115/import/affrmcus.lct xxapperiod.lct

Because the architecture has built-in support for all languages, you don’t translate ldt files, but instead you enter multiple Actions for different languages.

Posted in AOL, Personalizations | No Comments »

Page 1 of 11