When new accounting features are enabled in an Oracle Financials environment, they often introduce new business processes or transaction types that require tracking in the general ledger. The system does not automatically create new accounts in the Chart of Accounts (COA). Instead, it is the responsibility of the Financials Administrator or implementation consultant to analyze the requirements of the new feature and manually create and configure the necessary accounts within the existing COA structure. This ensures that the COA remains well-structured, compliant with accounting policies, and under administrative control.

A. Accounts must be renumbered.

Renumbering a COA is a highly disruptive and complex project, not a standard requirement for enabling a new software feature.

B. Statistical accounts should be used for correct posting.

Statistical accounts are for non-monetary data. While useful for some features (like allocations), many new features require standard monetary accounts, making this statement not universally true.

D. New accounts are automatically added to the chart of accounts when needed.

Oracle ERP systems require deliberate administrative action to maintain the integrity of the COA. Automatic account creation is not a standard feature as it would bypass essential financial controls and design principles.

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1. Oracle Financials Cloud Documentation

Implementing General Ledger

Release 23D

F81498-01.

Chapter 4: Set Up Chart of Accounts. This chapter details the entire process of designing

creating

and managing the Chart of Accounts

its structures

and values. The process is described as a series of deliberate

manual setup tasks performed by an administrator

with no mention of automatic account creation upon enabling features. For example

the section "Chart of Accounts: Critical Choices" emphasizes the importance of careful planning by the implementation team.

2. Oracle Financials Cloud Documentation

Implementing Intercompany

Release 23D

F81496-01.

Chapter 3: Set Up Intercompany Balancing. The section "Intercompany Balancing Rules: Explained" states that for each rule

"you must select the chart of accounts and the legal entity for which you are creating the rule

and then enter the debit (receivable) and credit (payable) balancing segment values to be used to generate the balancing lines." This confirms the administrator must select pre-existing (or manually created) accounts

not that the system creates them.

3. Oracle SCM Cloud Documentation

Implementing Common Features for SCM

Release 23D

F81511-01.

Chapter 10: Set Up Interorganization Transfers. In the "Interorganization Parameters: Explained" section

under "Receivables and Payables Options

" the documentation notes: "You must create clearing accounts in your chart of accounts before you can set up interorganization parameters." This explicitly requires the administrator to create accounts before configuring the feature

directly contradicting the idea of automatic creation.