Rule to Map Accounts into Financial Statements

Question

Hi,
Is there any rule to map the natural accounts into BI APPs Fin statement codes via group accounts? the account qualifiers in EBS say Revenue,Liability,Expense,Asset,Owners Equity. How we can map these accounts into BI Apps Fin statement codes? like Liability will go to AP, Expense will go to OTHERS etc . Not sure about AR (as the accounts use for AR is qualified as Asset and Revenues in EBS), What about Owner's Equity and Asset?
Our Financial Contacts are not sure, as they are not aware what the FIN statements mean in OBI Apps w.r.t Qualifiers in EBS , like said above and not able to map.
Regards,
Krish

Answer 1

All liability accounts should go into AP Group Account and AP Fin Statement. Similarly, all receivable accounts should go into AR and all revenue accounts should go into REVENUE. Now, note that while you can change the out of the box group accounts, you should not change the Fin Statements. For example, if you want AP group accounts to be divided into two category, say, AP1 and AP2, for whatever reason. Map your liability accounts to either AP1 or AP2 (should be mapped to only one) based on whatever functional needs. But make sure both AP1 and AP2 group accounts are mapped to the single AP fin stmt in the grpacct_fstmt file. Ultimately all liability accounts should map to a single AP fin stmt. Same for receivables, revenue accounts etc.
For all other group accounts such as CASH, LONG TERM ASSETS, SHORT TERM ASSETS etc. which map to OTHERS fin stmt, map your accounts to these groups based on your companies accounting structure.
Edited by: user107339501 on Sep 16, 2011 9:29 AM