Welcome To The Oracle Financials Cloud Workshop

Welcome to the Oracle
Financials Cloud Workshop
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

Who is speaking to you today?
• Today, it’s me, Chris Venezia …
– … from Oracle’s Platform Technology

Solutions (“PTS”) partner engagement team.
– Later in the week, Sreeni Devireddy will join

us to present several topics.
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 2

• Chris Venezia,
• Welcome to the R9: Oracle Financial Cloud Implementation Training Partner Training
• Please see below for details on your Oracle FIN Cloud Environment.
• Note that password is reset on a weekly basis. Access to your environment will permanently end on FRIDAY 13-
FEB-2015. Contact oracle-development_ww@oracle.com if you have any questions.
• IMPORTANT: The use of training environment is covered by the Oracle Cloud Training Addendum. Click here to
review the terms and conditions. The environment must be used within your Oracle Practice only and not for
external customer demo. Please work with the Oracle Account team for customer-specific demo requirements.
• System Name: ERP SI Training 021 (fap0316)
URL: https://adc-fap0316-fin.oracledemos.com/ledger/faces/FinancialsFusionHome
• User Account: FAS09.Student
Password: kAF88848

http://cloud.oracle.com
General Ledger Architecture
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Fusion Functional Setup Manager (FSM)
Release 9

Functional Setup Manager - Demo

Oracle Fusion Enterprise Structures
Release 9

Fusion Enterprise Structure Model
Vision Holding Company LE
Enterprise (BSV 10)
Ledgers US Ledger Canada Ledger UK Ledger
Legal Entities (LE) US West LE US East LE Canada LE UK LE

(BSVs) (01) (02) (21) (31)
Business Units (BU) US BU Canada BU UK BU

Accounting Business Function (Req & Invoicing) (Req & Invoicing) (Req & Invoicing)
Purchasing Business Function SSC BU

(Purchasing)
Inventory Orgs (IO) US West IO US East IO Holding IO Canada IO UK IO

Overview
Financial Enterprise Structures
• Financial enterprise structures are the entities that define the

reporting, legal and business aspects of your enterprise
Financial Enterprise Structures
Financial reporting Ledgers and Legal entities Business units

structures
accounting - Legal jurisdictions - Business units and
- Charts of accounts configurations business functions
and authorities
- Calendars - Reference data sets
- Legal reporting units
- Currencies
- Legal entities
19 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Chart of Accounts Design
Chart of accounts structure Chart of accounts structure instance
Segments
Segments Value Set
Default (can override)
Labels
value set
Account
Values
Labels Default value set hierarchies
Primary balancing
segment
Second balancing
segment
Segment
Account
value
Third balancing
combinations
segment
security
Natural account
segment
Intercompany
segment Cross
validation
Cost center
segment rules

• Example: Chart of accounts structures and instances
Primary Second Natural

balancing balancing account
1 segment 2 segment 3 segment
Chart of accounts structure

Company Department Account
Company Department Account

value set value set value set
Dynamic account Dynamic account

creation disabled creation enabled
Corporate chart of accounts Subsidiary chart of accounts
Company Department Account Company Department Account
Department Department Account

Company Department Account Account Company Department Account
Management Geographical subsidiary
value set value set value set Hierarchy value set value set Hierarchy
Hierarchy Hierarchy value set

Legal entity registrations
Legal entity Legal entity

Register your legal entity with legal authorities
in the jurisdictions where you conduct business.
•Jurisdiction
•Registration number
•Legal address
•Issuing legal authority
Legal
Legal reporting unit
registrations
Legal reporting
units entity
Register your legal reporting units
with legal authorities to meet
reporting requirements in each local
area

Flexible Procurement Models
Decentralized Centralized Sourcing, Local Execution
Request Source Buy Pay Request Source Buy Pay
BU 1 BU 1
BU 2 SSC
BU 2
BU 3
Complete Shared Services Transfer Procurement to Local Business Unit

Request Source Buy Pay Request Source Buy Pay
BU 1 BU 1
Intra-co. Intra-co.
SSC SSC
Invoicing Invoicing
BU 2 BU 2

Sharing Reference Data
EBS – OU based partitioning for both transactional and reference data
Reference
Data
Operating Unit
Transactional
Data
OU Partitioned Tables
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 27
Sharing Reference Data
Fusion - Separation of Reference Data from Organizational Partition
Reference Data Set Partitioned Tables
Reference Reference
Data Data Set
Operating Unit Partitioned Tables
Transactional Business Unit

Data
Shared Data Objects
Grades Lockbox
Jobs Memo Lines
Locations Payment Terms
Departments Remit To Address
Customer Account Relationship Revenue Contingencies
Customer Account Site Transaction Source
Sales Person Transaction Type
Sales Method Group Collections Setups
Assessment Templates Dunning Plans
Contract Types Tax Classification Codes
Sales Method Performance Templates
Activity Templates Project and Contract Billing
Accounting Rules Project Accounting Definition
Aging Buckets Project Rates
Auto Cash Rules Hold Codes
Collectors Orchestration Process
Reference Data Sets (example Location Data Set)
London Manchester Bristol

Assign Default Set to Business Unit
Assign Set to Business Unit
Oracle Fusion General Ledger
Release 9

General Ledger Architecture

• Every ledger is identified by 4 basic components, and a set of ledger processing
options
Ledger options
Optional ledger components to
customize journal, period close and
Chart of accounts Currency balancing processing. For example:
•Enable average balance processing
•Enable Intercompany accounting
•Period close options
•Enable journal approval
Ledger
Accounting calendar Accounting Method •Journal balancing options
•Journal import options
– The accounting method defines the set of accounting rules (e.g. accrual basis, cash basis)
used in Fusion Subledger Accounting to record the financial impact of subledger transactions

• There are 3 types of ledgers in Fusion General Ledger
– Primary ledger – the main record-keeping ledger and a required component in your
setup. Every accounting configuration is uniquely identified by its primary ledger. The
primary ledger is closely associated with the subledger transactions and provides
context and accounting for them.
– Secondary ledger – an optional ledger linked to a primary ledger for the purpose of
tracking alternative accounting. A secondary ledger can differ from its primary ledger
in its chart of accounts, accounting calendar, currency, accounting method or
processing options.
– Reporting currency – an optional, additional currency representation of a primary or
secondary ledger. A reporting currency can differ from its source ledger in its currency
and some processing options, but shares the same chart of accounts, accounting
calendar and accounting method with it.

• Secondary ledgers
– A secondary ledger is linked to a primary ledger, and can be maintained at one of
four data conversion levels
• Balance level – only general ledger balances are maintained in this secondary ledger via
the Transfer Balances to Secondary Ledger process
• Journal level – the General Ledger Posting process transfers the journal entries to the
secondary ledger
• Subledger level – the Subledger Accounting engine creates the subledger journals to both
the primary and secondary ledger; the Posting process transfers the remaining journal
entries to the secondary ledger
• Adjustment only – incomplete accounting representation that only holds adjustments
(manual, or automated from Subledger Accounting); it must share the same chart of
accounts, accounting calendar and currency as its primary ledger

• Reporting currencies
– A reporting currency is linked to a primary or secondary ledger, and can be
maintained at one of three data conversion levels
• Balance level – only general ledger balances are maintained in the reporting
currency via the Translation process
• Journal level – the General Ledger Posting process transfers the journal entries
to the reporting currency
• Subledger level – the Subledger Accounting engine creates the subledger
journals to the reporting currency; General Ledger converts the remaining
journal entries to the reporting currency during the Posting process.

Key Product Features Fusion General Ledger
Journals Multi-Currency & Multi-GAAP
• Extensive spreadsheets for entering journals and • Translation, revaluations, and currency conversion
correcting journal import errors • Spreadsheet-based currency rates upload (daily and
• Multi-currency journals historical rates)
• Journal copy • Support for multiple accounting representations (i.e.,
• Robust, wizard-like allocations with Calculation Manager IFRS and local rules)
• Recurring Journals/Allocations across periods and across
ledgers
• Greater collaboration with Oracle Social Network
integration Productivity
• Role-based dashboards and work areas that:
Proactively monitor transactions and push work to
Watch this video about Oracle Social Network integration in Fusion users
Financial Applications
Allow collaboration with participants
Monitor account balances
Monitor the close status across ledgers/subledgers

• Balancing segment value assignments
– Best practices recommend that you assign specific balancing segment values to
each legal entity in your accounting configuration
– Helps you identify legal entities during transaction processing and reporting, and
eases your requirement to account for your operations to regulatory agencies
and tax authorities
– If you do not assign any balancing segment values to your legal entities, then all
balancing segment values will be available for transaction processing

Key Product Features Fusion General Ledger
Close Monitor

Implementation Considerations
Accounting Calendar Budget Upload
• Always create a few extra periods in advance of the initial • Best practice is to always use the ADFdi spreadsheet “Create
period. You cannot change the calendar later. Budgets via Spreadsheet” task in the GAM Dashboard.
• Foreign currency translation cannot be performed in the • The following are ignored for Budget Upload to the Essbase
initial period opened for your ledger. Consider defining a Cube:
complete prior year.  Cross Validation Rules
• Do not change the name of the period after you have
 Segment Value Security Rules
opened the period.
 Data Access Set Security
Currency Translation
Note: Only Budget Scenario Security is followed
• You must first define a balance level reporting currency
BEFORE you run translation in the target currency.

Implementation Consideration
Hierarchies – Foundation of Reporting

Oracle Fusion Applications Financials Rapid Implementation

What is Rapid Implementation?
• A way to get customers live in the minimum amount of time
• Capture the absolute minimum amount of data required
• Use the 80/20 rule
• Default the most common options
• Hide complex and advanced set up
• Advanced configurations can be added later where required
• Also applicable for setting up Demos, Test envs., Conference Room Pilots, etc
Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Oracle Proprietary and Confidential Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Financials Rapid Implementation
– We now offer Financials Rapid Implementation for customers to
• minimize the time needed to complete your key setups based on most common use cases
• How is the Rapid Implementation different?
• Focus on critical setup steps and setup for most commonly used features
Streamlined Configuration Template
Spreadsheet Interface for setting up • Simplified set up experience with many fields defaulted to most common
use cases
Enterprise Structures, • Leverage native and familiar spreadsheet functionality for data entry and
Banks, Branches, and Accounts data review
Spreadsheet Interface for • Leverage native and familiar spreadsheet functionality for data entry and
setting up Taxes data review
Enterprise Structures Setup
• You can now rapidly implement your enterprise structures by creating the following setup objects in
a spreadsheet interface:
• Chart of accounts, including value sets, value set values, structures, and structure instances
• Account hierarchies including trees and tree versions
• Accounting calendars
• Legal entities including legal addresses, registrations, and identifiers
• Primary ledgers with legal entity assignments to primary balancing segment values
• Business Units
• Account Defaulting
• Financial Sequences
New Tasks Within Activity
– 1.Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet
• Download the rapid implementation spreadsheet template.
• Populate the setup data and generate two zip files (ChartOfAccounts.zip and FinancialsCommonEntities.zip)
– 2.Upload Chart of Accounts:
• Invoke the Create Enterprise Structure process from the Scheduled Process page
• Upload your first file, ChartOfAccounts.zip as parameter to the process
– 3.Deploy Chart of Accounts:
• Open the Manage Chart of Accounts Instance page.
• Select the chart of accounts and deploy the chart of accounts
– 4.Upload Ledger, Legal Entities, and Business Units:
• Invoke the Create Enterprise Structure process from the Scheduled Process page with the upload data file as a
parameter.
• Upload your second file, FinancialsCommonEntities.zip as parameter to the process
Rapid Implementation – Account Combinations
• Creates account combinations for your chart of accounts using a spreadsheet when you disable dynamic
insertion
• Allows you to create account combinations in a spreadsheet template in advance of transaction entry
• Ensures that only prevalidated account combinations are created
Rapid Implementation – Cross Validation Rules
• Streamlines the implementation of chart of accounts rules for account validation with convenient Rapid
Implementation spreadsheet interface.
• Uses spreadsheet productivity features such as copy and paste to expedite the entry of large volumes of
cross-validation rules.
Rapid Implementation – Segment Value Security
• Streamlines the implementation of your
security rules to control access with the
convenient spreadsheet interface
• Uses spreadsheet productivity features
such as copy and paste to expedite the
entry of large volumes of security rules
• Automatically creates & assigns security
rules to custom roles
How to Use
• Prepare data in spreadsheet and generate the xml file to be loaded.
New Features
Tax Rapid Implementation Features Enables
Enhanced Fusion Tax User Interfaces (UIs) and Spreadsheet Access for Tax Setup Automation
Underlying Services
Spreadsheet Downloads Offline Spreadsheet Preparation of Tax Setups

for Optimal User Flexibility
Spreadsheet Uploads Automated Completion of Setups in Fusion Tax
Flexibility to Create and Edit Tax Setups in Fusion Tax Desired Expansion of Uploaded and Non-
Uploaded Tax Setups
UIs
What Next?
• We are not finished, this is an ongoing project
• We will add more spreadsheet loaders
• We will further optimize the process
• More help and guidance on best practice and implications of choosing
certain options
• Enhancements based on feedback from the field
Activities

Welcome To The Oracle Financials Cloud Workshop

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Welcome To The Oracle Financials Cloud Workshop

Uploaded by

Copyright:

Available Formats

Welcome to the Oracle

Financials Cloud Workshop

Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

• Today, it’s me, Chris Venezia …

– … from Oracle’s Platform Technology

– Later in the week, Sreeni Devireddy will join

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 2

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 7

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Ledgers US Ledger Canada Ledger UK Ledger

Legal Entities (LE) US West LE US East LE Canada LE UK LE

Business Units (BU) US BU Canada BU UK BU

Purchasing Business Function SSC BU

Inventory Orgs (IO) US West IO US East IO Holding IO Canada IO UK IO

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

• Financial enterprise structures are the entities that define the

Financial Enterprise Structures

Financial reporting Ledgers and Legal entities Business units

19 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

20 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Primary Second Natural

Chart of accounts structure

Company Department Account

Dynamic account Dynamic account

Company Department Account Company Department Account

Department Department Account

21 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Legal entity Legal entity

23 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Complete Shared Services Transfer Procurement to Local Business Unit

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Reference Data Set Partitioned Tables

Operating Unit Partitioned Tables

Transactional Business Unit

London Manchester Bristol

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

46 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

47 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

48 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

49 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

55 Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Spreadsheet Downloads Offline Spreadsheet Preparation of Tax Setups

Spreadsheet Uploads Automated Completion of Setups in Fusion Tax

You might also like