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 Oracle Fusion HCM cloud Applications trusted,


comprehensive, Flexible Applications

 oracle Fusion HCM cloud Applications are a new


generation of cloud-based human capital
management applications from the global leader in Hr
management software.

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Trusted : Oracle is the leading vendor of HCM software for midsize to large enterprises
today, managing the employee lifecycle for 40 million workers in 14,000 organizations across 40
countries.
Comprehensive: with integrated modules for core Hr, payroll, talent management, performance
management, collaboration and analytics, oracle Fusion HCM cloud Applications deliver strategic
business value to every person in an organization – from professional users to employees and
managers

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Flexible: Oracle Fusion HCM applications offer an array of flexible


deployment options, providing customers with unprecedented choice
without the need to commit to any one delivery mechanism. choices of
on-premise, on-demand, SaaS (public or private cloud) or hybrid are all
available, enabling ultimate flexibility and choice for your organization
as it grows and evolves.

A Global Leader in Cloud: Oracle has been delivering its applications in the
cloud since 1999. today, oracle is the world’s second-largest vendor of
software as a service, with more than 5.5 million subscribers worldwide.

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The beauty of the cloud is that you can get up and running fast. oracle
Fusion HCM cloud Applications offer many powerful features and
capabilities to accelerate your time to value.

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Cost Savings And efficiency Gains.


Oracle Fusion HCM cloud Applications are available on a subscription,
pay-as-you-go, pricing model. with no hardware to buy, software to
manage or upgrades to conduct, you can drastically reduce the cost of
implementing and running a new Hr and payroll platform – and achieve
ROI much faster.
The graphic compares the setup costs and benefits of an on-premise
versus a cloud-based implementation of a typical enterprise HCM
system for a company of 5,000-10,000 employees. cost savings and
efficiencies typically come from six areas

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. World-CLASS HCM – Available In the cloud

Oracle Fusion HCM Cloud Applications are the most comprehensive,


most integrated and most flexible suite of cloud-based Hr software
available today. they comprise fully integrated modules for three key
areas: core Hr and payroll, talent Management and workforce Analytics.

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. Flexibility And extensibility

Oracle Fusion HCM cloud Applications are designed to work in harmony


with your organization’s needs. even in the public cloud, you retain the
freedom and flexibility to configure the applications to the way your
organization works best – without the need for It specialists

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. World-CLASS HCM – Available In the cloud

Four easy-to-use ‘composers’ let you Extends Far Beyond HCM dictate the way you
want your oracle oracle Fusion HCM cloud Applications are Fusion HCM cloud
Applications to work: an integral part of a wider family of oracle Fusion cloud
Applications, enabling you to
• Data: Modify data fields to support the streamline data and processes across the
way you manage and organize your whole enterprise. employee data
• Pages: tailor the look, feel and behavior oracle Fusion Applications are also of the
page content to the way you available for: CRM, Financials, Governance work best
risk & compliance, procurement, project portfolio Management and Supply chain
• Processes: create and modify process Management. flows to mirror your working
practices.
• BI Reports: create, run and share the reports that you and your business need with
the composers, all the configurations you make are safely preserved when your
oracle Fusion HCM cloud Applications are updated or upgraded in the future..
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. Oracle Fusion Application versions

Oracle Fusion Applications Release 2


Oracle Fusion Applications Release 3
Oracle Fusion Applications Release 4
Oracle Fusion Applications Release 5
Oracle Fusion Applications Release 6
Oracle Fusion Applications Release 7
Oracle Fusion Applications Release 8
Oracle Fusion Applications Release 9
Oracle Fusion Applications Release 10

Oracle Fusion Applications Release 11 – Present Version

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Oracle Fusion HCM Implementation Process


. Oracle Fusion Application versions

Oracle Fusion Applications Release 5


Oracle Fusion Applications Release 6
Oracle Fusion Applications Release 7
Oracle Fusion Applications Release 8
Oracle Fusion Applications Release 9
Oracle Fusion Applications Release 10

Oracle Fusion Applications Release 11 – Present Version

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. Access Requirements

 To get started with an Oracle Fusion HCM implementation, you need


access to Oracle Identity Manager (OIM), Oracle Fusion Middleware
Authorization Policy Manager (APM), and Oracle Fusion Applications.
 Before you begin, gather the following information(For-On-premise
project):
 URLs for Oracle Fusion Applications and OIM. For example, the URL for
Oracle Fusion Applications is http://fa.rainbow.com:10634/homePage.
 The default user name of the Oracle Fusion Applications super user is
FAADMIN. The default OIM system administrator user name is
XELSYSADM. Contact the person who installed the systems for the user
names and passwords specified during installation and provisioning.
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Getting Started Process


 To start your implementation, complete these steps as described in the
following sections.

 1. Preparing the Oracle Fusion Applications Super User for User


Management and Configuration
 2. Preparing the IT Security Manager Role for User and Role
Management
 3. Generating the Setup Task List
 4. Defining Implementation Users
 5. Setting Up Basic Enterprise Structures
 6. Defining Application Users

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Preparing the Oracle Fusion Applications Super User for User


Management and Configuration.

 By default, the super user created when installing and provisioning


Oracle Fusion Applications (FAADMIN, by default) has no e-mail
address; however, user management and configuration require that the
super user has an e-mail address. Complete the tasks in the following
table to create the super user’s e-mail address.

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Preparing the Oracle Fusion Applications Super User for User


Management and Configuration.

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Preparing the Oracle Fusion Applications Super User for User


Management and Configuration.

Click the Advanced link in the upper


right of the interface.
Click Search Scheduled Jobs in the
System Administration tasks.
Enter LDAP User Create and Update
Full Reconciliation in the Search
Sign in to OIM Scheduled Jobs field.
Select the job in the search results.
Click Run Now to reconcile user
updates based on the change log from
LDAP

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Preparing the IT Security Manager Role for User and Role


Management

 The Oracle Fusion Applications super user (FAADMIN, by default) has


all necessary access rights for implementing Oracle Fusion HCM and
administering security. This access is provided by the following job roles:
Application Implementation Consultant IT Security Manager However,
neither of these roles provides the access needed for creating and
managing Oracle Fusion Applications users; therefore, the following two
OIM roles must be added by the OIM system administrator to the IT
Security Manager job role: Identity User Administrators, which carries
user management entitlement Role Administrators, which carries role
management entitlement

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Preparing the IT Security Manager Role for User and Role


Management

Click the Administration in


the upper right of the
interface.
Search For User
Click On user
Click on Roles tab
Sign in to OIM Click on Assign Role
Application
Implementation
Consultant Role
IT Security Manager Role

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Preparing the IT Security Manager Role for User and Role


Management

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Preparing the IT Security Manager Role for User and Role


Management

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Preparing the IT Security Manager Role for User and Role


Management

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Generating the Setup Task List


 To start an implementation of Oracle Fusion HCM, the Oracle Fusion
Applications super user (FAADMIN) selects an offering to implement and
generates the setup tasks needed to implement it.

Sign in to Fusion
Applications Go to e Navigator
and select setup and
Maintenance
Go to Getting
Started

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Generating the Setup Task List

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Generating the Setup Task List

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Generating the Setup Task List

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 Creating Implementation project in Oracle Fusion

Why we create implementation project?


Implementation project is the grouping of task which
we need to perform. It decides what we want to
implement in the given instance. For example we have
HCM, financial and procurement available with us. In
this case we can either create a single implementation
project for all the offerings or we can create three
different implement projects for each offering.
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 Creating Implementation project in Oracle Fusion

 Creating Implementation project:


All implementation related configuration can be done
in Functional setup manager (FSM). In order to get the
access of FSM, it is mandatory that the roles of
application implementation consultant and
application implementation manager are assigned to
the ID.

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 Creating Implementation project in Oracle Fusion

 Using of FSM:

 Validate setup by reviewing setup data reports


 FSM is used to implement all oracle fusion applications through a
standard and consistent process.
 In addition FSM allows application developers to manage application
design objects, which are core components of oracle fusion application,
to add and modify oracle fusion application functionality.

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 Creating Implementation project in Oracle Fusion

 Using of FSM:

 Learn and analyze implementation requirements of oracle fusion applications.


 Configure the Oracle fusion application to match organization’s business needs
 Get complete visibility to setup requirements through guided , sequential tasks
lists
 Enter setup data through user interfaces available directly from task lists
 Export and import to rapid-start functional setup at different instances
 Validate setup by reviewing setup data reports

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Creating Implementation project in Oracle Fusion

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Creating Implementation project in Oracle Fusion

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Creating Implementation project in Oracle Fusion

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Creating Implementation project in Oracle Fusion

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 Define Synchronization of users and roles from (LADP)Light weight directory


access protocol

 Oracle identity management (OIM) maintain LADP user accounts for users of
oracle fusion applications.OIM stores the definitions of abstract,job,and data
roles and holds information about roles provisioned to users, during
implementation, any existing information about users roles, and roles
provisioned to users must be copied from LADP directory to the oracle fusion
applications table. Once the oracle fusion applications tables are initiated with
this information. It is maintained automatically .To perform the initialization
this process should be executed.

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Create user:

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Create user:

If you want to create the new user we required OIM Access (OIM ACCESS Roles)

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 What Is Role ?? Role Based Access Control ?? (RBAC)

 An organization needs to control who can do what on which functions or sets of


data under what conditions. The who is a user here. A user's access is based on
the definition of the roles provisioned (assigned) to the user. Access is defined as
entitlement, which consists of privileges. The what are the abstract operations
or entitlement. The which represents the resources being accessed.

 RBAC normalizes access to functions and data through user roles rather than
only users. User access is based on the definition of the roles provisioned to the
user. The roles are defined at functional and technical levels. The functional level
is the business definition that is used by business users and the technical level is
the implementation of roles using Oracle Technology.

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 What Is Role ?? Role Based Access Control ?? (RBAC)

 RBAC is based on the following concepts:

 Role assignment - A subject can exercise permission only if the subject has selected or been assigned
a role.

 Role authorization - A subject’s active role must be authorized for the subject. With rule mentioned
above, this rule ensures that users can take on only roles for which they are authorized.

 Permission authorization - A subject can exercise a permission only if the permission is authorized
for the subject’s active role. With rules 1 and 2, this rule ensures that users can exercise only
permissions for which they are authorized.

 Basically security in Fusion Application is based on Role Based Access Control (RBAC) In Fusion
Applications, the RBAC implementation is based on abstract, job, duty, and data roles that work
together to control access to functions and data

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 What Is Role ?? Role Based Access Control ?? (RBAC)

 The definitions of these functional roles are as follows:

ABSTRACT ROLE
 This role categorizes the roles for reference implementation. It inherits duty role but does not contain security
policies. For example: Employee, Manager, etc.
JOB ROLE
 This role defines a specific job an employee is responsible for. An employee may have many job roles. It may
require the data role to control the actions of the respective objects. For example: Benefits Manager, Accounts
Receivable Specialist, etc.
DATA ROLE
 This role defines access to the data within a specific duty. Who can do what on which set of data? The possible
actions are read, update, delete, and manage. Only duty roles hold explicit entitlement to the data. These
entitlements control the privileges such as in a user interface that can see specific screens, buttons, data columns,
and other artifacts.
DUTY ROLE
 This role defines a set of tasks. It is the most granular form of a role. The job and abstract roles inherit duty roles.
The data security policies are specified to duty roles to control actions on all respective objects. Duty Role is the
most granular form of role where mainly security policies are attached and they are implemented as application
role in Authorization Policy Manager (APM)

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 What Is Role ?? Role Based Access Control ?? (RBAC)

ENTERPRISE ROLES:

 Across all Fusion Applications, Abstract, Job and Data roles are mapped to Enterprise roles. These roles are
stored in the Identity Store. They are managed through OIM and Identity Administration tools. This tool
includes the following capabilities with respect to Enterprise role management:
 Create Fusion Applications Implementation Users
 Provision Roles to Implementation Users
 Manage Abstract, Job and Data roles including the job hierarchy
 These roles can also be viewed from ODSM (Oracle Directory Services Manager) console.

APPLICATIONS ROLES

 A “Duty Role” is mapped to Application Roles and is stored in the Policy Store. An application role is supplied
by a single application or pillar of applications. The application policies are managed through “Authorization
Policy Manager” (APM). APM is a graphical interface that simplifies the creation, configuration, and
administration of application policies. Applications Authorization Policy Manager (APM) refers to enterprise
roles as external roles.

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Roles In Fusion Apps:

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 DEFINE GEOGRAPHIES FOR HUMAN CAPITAL


MANAGEMENT
 While Implementing Fusion HCM Workforce Deployment one of the activities is to create Geography and Geography
Structure, Geography Validations.


You have two options to enter the geography data into the application .
Geographies

Manual File-Based Import Process

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For data integrity reasons, you cannot add new geography structures or modify existing
ones after you import your geography hierarchy, so before importing you should
consider the following:

1. Include all the possible geography types your application may need. For example, you
may want to base some sales territories on counties even though you do not use counties
in your addresses.

2. Geography reference information is shared by other applications so you must consider


the needs of these applications as well. For example, financial applications may require
you to include geography structures to satisfy local tax laws. Even if you are not
implementing financial applications today, you may do so in the future.

3. You may want to review the seeded address styles for the countries you are going to be
importing and modify them as required. The address styles indicate the required
elements of a street address or a tax address. You can review the address styles from the
Setup and Maintenance Work area by searching for and using the Manage Address
Formats task.
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4. The source and reliability of the geography data you are about
to import.

5. Using the Manage Geography Structure page, you can add


additional geography types to the bottom of your country
structure.

6. Provided you have not yet uploaded the geography hierarchy,


you can also add additional geography types in the middle of
your structure. (To do so, you must first delete all the geography
types below the insertion point, insert the one you missed, and
then add the geography types you deleted.)

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Geography Model Concepts

Geography: Any geographical region with a boundary around it, no matter


what the size is, such as Kerala (a State), Russia (a Country), San Francisco (a
City), Miami-Dade (a County), or Minato-ku (a Ward in the City of Tokyo).

Geography Type: The name given to a type of geographical region, for


example, a country, state, province, county, or city.

Geography Structure: Defines the structure of the data you are creating for
the country. It specifies the geography types that you must have for your
addresses and territories for that country and how they are organized.
Different countries use different geography types and different structures. In
the U.S. you must include cities and states. In Japan you must include
prefectures, municipalities, districts, and wards.
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Geography structure

Country State City

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Geography Hierarchy:
 The hierarchy of the geographies for a country is based on the
geography structure. Geography hierarchy is a data model that
lets you establish conceptual parent-child relationships between
geographies. The top level of the geography hierarchy is
Country, so the hierarchy essentially contains countries and their
child geographies.
 For example, in the geography hierarchy the state of California is
defined as the parent of San Mateo County, which is the parent
of Redwood City, which is the parent of the postal code 94065. If
you enter just 94065, the application can determine that the
postal code is in California, or that the corresponding city is
Redwood City
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Geography Hierarchy:
 The hierarchy of the geographies for a country is based on the
geography structure. Geography hierarchy is a data model that
lets you establish conceptual parent-child relationships between
geographies. The top level of the geography hierarchy is
Country, so the hierarchy essentially contains countries and their
child geographies.
 For example, in the geography hierarchy the state of California is
defined as the parent of San Mateo County, which is the parent
of Redwood City, which is the parent of the postal code 94065. If
you enter just 94065, the application can determine that the
postal code is in California, or that the corresponding city is
Redwood City
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Map to Attribute
For every address style format, you can map each geography type to an address
attribute. For example, you can map the State geography type to the State address
attribute for the United States, or map the State geography type to the County
address attribute for the United Kingdom. The geography types that appear are
based on how the country structure is defined. The list of address attributes that
appear are based on address formats delivered with the application, or your
customer defined address formats.
Enable List of Values
Once a geography type is mapped to an attribute, then you can specify whether the
geography type will appear in a list of values during address entry in user interfaces. It
is very important to review carefully if you want to enable a list of values. You should
only enable a list of values if you have sufficient geography data imported or created
for that geography. Once you have enabled a list of values for an address attribute,
you can only select the geography data available for the geography type. This means
that if a specific geography value is not available in the geography hierarchy, you
cannot create an address with a different geography value
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Tax Validation
You can also specify whether a geography type will be included in tax validation.
For example, for the United States North America address style format you
specify that County, State, and City are used for tax validation. This will mean that
when a transaction involves an address with the North America address style, the
address must have the correct county, state, and city combination based on the
geography hierarchy data, to be considered valid for tax calculation.
Geography Validation
You can specify whether a geography type will be included in geography
validation. This will mean that, for example, when the user enters a United States
address using the North America address style format, the address must have the
correct country, state, and postal code combination based on geography
hierarchy data to be considered geographically valid.
If an address element is mapped to a geography type, but not selected for
geography validation usage, then during address entry suggested values will be
provided for the address element, but the address element will not be validated
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Tax Validation
Geography File-Based Import Process
validated
1. Start by navigating to the Setup and Maintenance work area. Search for the Manage File
Import Activities task by name in the All Tasks tab. Click in the Name field.
2. In the Name field, enter "Manage%import%".
3. Click the Search button.
4. Go to the Manage File Import Activities task. Click the Go to Task button

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 Define Currency and currency rates

Defining Currencies: Points to Consider

 When creating or editing currencies, consider these points relevant to entering the currency code, date
range, or symbol for the currency

Currency Codes
 You cannot change a currency code after you enable the currency, even if you later disable that currency.
Date Ranges
 Users can enter transactions denominated in the currency only for the dates within the specified range. If
you do not enter a start date, then the currency is valid immediately. If you do not enter an end date, then
the currency is valid indefinitely.
Symbols
 Even if you enter a symbol for a currency, the symbol is not always displayed when an amount is displayed in
this currency. Some applications use currency symbols when displaying amounts. Others, like Oracle Fusion
General Ledger, do not.
Euro Currency Derivation: Explained
 Use the Derivation Type, Derivation Factor, and Derivation Effective Date fields to define the relationship
between the official currency (Euro) of the European Monetary Union (EMU) and the national currencies of
EMU member states. For each EMU currency, you define its Euro-to-EMU fixed conversion rate and the
effective starting date
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 Define Currency and currency rates

Derivation Type
 The Euro currency derivation type is used only for the Euro, and
the Euro derived derivation type identifies national currencies of
EMU member states. All other currencies do not have derivation
types.
Derivation Factor
 The derivation factor is the fixed conversion rate by which you
multiply one Euro to derive the equivalent EMU currency amount.
The Euro currency itself should not have a derivation factor.
Derivation Effective Date
 The derivation effective date is the date on which the relationship
between the EMU currency and the Euro begins
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 What's the difference between precision, extended


precision, and minimum accountable unit for a currency?
 Precision is the number of digits to the right of the decimal
point used in regular currency transactions. Extended
precision is the number of digits to the right of the decimal
point used in calculations for this currency, and it must be
greater than or equal to the standard precision. For example,
USD would have 2 for precision because amounts are
transacted as such, for example $1.00. For calculations, for
example adding USD amounts, you might want the
application to be more precise than two decimal digits, and
would enter an extended precision accordingly.
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 Define Currency and currency rates

Derivation Type
 The Euro currency derivation type is used only for the Euro, and
the Euro derived derivation type identifies national currencies of
EMU member states. All other currencies do not have derivation
types.
Derivation Factor
 The derivation factor is the fixed conversion rate by which you
multiply one Euro to derive the equivalent EMU currency amount.
The Euro currency itself should not have a derivation factor.
Derivation Effective Date
 The derivation effective date is the date on which the relationship
between the EMU currency and the Euro begins
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 Manage Conversion Rate Types

 Maintain different conversion rates between currencies for the same period with
the Oracle Fusion General Ledger conversion rate types functionality. Four
predefined daily conversion rate types are seeded: Spot, Corporate, User, and Fixed,
allowing you to use different rate types for different business needs. During journal
entry, the conversion rate is provided automatically by the General Ledger based on
the selected conversion rate type and currency, unless the rate type is user. For user
rate types, you must enter the conversion rate. Define additional rate types as
needed. Set your most frequently used rate type as the default. Conversion rate
types cannot be deleted.

 Assign conversion rate types to automatically populate the associated rate for your
period average and period end rates for the ledger. For example, you can assign the
predefined rate type Spot to populate your period average rates and the predefined
rate type Corporate to populate your period end rates. Period average and period
end rates are used in translation of account balances.
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 Manage Conversion Rate Types

 Maintain different conversion rates between currencies for the same period with
the Oracle Fusion General Ledger conversion rate types functionality. Four
predefined daily conversion rate types are seeded: Spot, Corporate, User, and Fixed,
allowing you to use different rate types for different business needs. During journal
entry, the conversion rate is provided automatically by the General Ledger based on
the selected conversion rate type and currency, unless the rate type is user. For user
rate types, you must enter the conversion rate. Define additional rate types as
needed. Set your most frequently used rate type as the default. Conversion rate
types cannot be deleted.

 Assign conversion rate types to automatically populate the associated rate for your
period average and period end rates for the ledger. For example, you can assign the
predefined rate type Spot to populate your period average rates and the predefined
rate type Corporate to populate your period end rates. Period average and period
end rates are used in translation of account balances.
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Enforce Inverse Relationships

 When you enter a daily rate to convert currency A to currency B, General Ledger automatically
calculates the inverse rate, currency B to A, and enters it in the adjacent column. If either rate
is changed, the application automatically recalculates the other rate.

Select Pivot Currencies:

 Select a pivot currency that is commonly used in your currency conversions. A pivot currency is
the central currency that interacts with contra currencies. For example, you set up a daily rate
between the US dollar (USD) and the Euro currency (EUR) and another between the USD and
the Canadian dollar (CAD). USD is the pivot currency in creating a rate between EUR and CAD.
EUR and CAD are the contra currencies. Select the pivot currency from the list of values which
contains those currencies that are enabled, effective, and not a statistical (STAT) currency. The
description of the pivot currency is populated automatically based on the currency definition.

 If you want the application to create cross rates against a base currency, define the base
currency as the pivot currency. Selected pivot currencies can be changed in the Rate Types
page.
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Select Contra Currencies:

 Select currencies available on the list of values as contra currencies. The available currencies are those
currencies which are enabled, effective, not STAT currency, and not the pivot currency selected earlier. The
description of the contra currency is populated automatically based on the currency definition. Add or delete
contra currencies in the Contra Currencies region of the Rate Types page.

Enable Cross Rates and Allow Cross Rate Overrides

 Check the Enable Cross Rates check box to calculate conversion rates based on defined currency rate
relationships. General Ledger calculates cross rates based on your defined cross rate rules. Associate your cross
rate rules with a conversion rate type, pivot currency, and contra currencies. Cross rates facilitate the creation of
daily rates by automatically creating the rates between contra currencies based on their relationship to a pivot
currency. If the Enable Cross Rates check box is changed to unchecked after entering contra currencies, the
application stops calculating cross rates going forward for that particular rate type. All the earlier calculated
cross rates for that rate type remain in the database unless you manually delete them.
 For example, if you have daily rates defined for the pivot currency, USD to the contra currency, EUR, and USD to
another contra currency, CAD, the application will automatically create the rates between EUR to CAD and CAD
to EUR. This prevents the need to manually define the EUR to CAD and CAD to EUR rates.
 Check the Allow Cross Rates Override check box to permit your users to override application generated cross
rates. If you accept the default of unchecked, the application generated cross rates cannot be overridden
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 Entering Daily Rates

1.Click the Daily Rates tab. Use the Daily Rates tab to review and enter currency rates.
2.Click the Create in Spreadsheet button. Use the Create Daily Rates spreadsheet to enter
daily rates in a template that you can save and reuse.
3.Click in the From Currency field. Select the GBP - Pound Sterling list item.
4.Click in the To Currency field. Select the USD - US Dollar list item.
5.Click in the Conversion Rate field. Select the Spot list item
6.Click in the From Conversion field. Enter the desired information into the From Conversion
field. Enter a valid value e.g. "8/1/2011".
7.Click in the To Conversion Date field. Enter the desired information into the To Conversion
Date field. Enter a valid value e.g. "8/1/2011".
8.Click in the Conversion Rate field. Enter the desired information into the Conversion Rate
field. Enter a valid value e.g. "1.33225".
9.Click the Submit button. Click the OK button twice.
10.Review the Record Status column to verify that all rows were loaded successfully.
11.Save the template to use to enter daily rates frequently. You can save the spreadsheet to
either a local drive or a shared network drive.
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 Entering Daily Rates

1.Click the Daily Rates tab. Use the Daily Rates tab to review and enter currency rates.
2.Click the Create in Spreadsheet button. Use the Create Daily Rates spreadsheet to enter
daily rates in a template that you can save and reuse.
3.Click in the From Currency field. Select the GBP - Pound Sterling list item.
4.Click in the To Currency field. Select the USD - US Dollar list item.
5.Click in the Conversion Rate field. Select the Spot list item
6.Click in the From Conversion field. Enter the desired information into the From Conversion
field. Enter a valid value e.g. "8/1/2011".
7.Click in the To Conversion Date field. Enter the desired information into the To Conversion
Date field. Enter a valid value e.g. "8/1/2011".
8.Click in the Conversion Rate field. Enter the desired information into the Conversion Rate
field. Enter a valid value e.g. "1.33225".
9.Click the Submit button. Click the OK button twice.
10.Review the Record Status column to verify that all rows were loaded successfully.
11.Save the template to use to enter daily rates frequently. You can save the spreadsheet to
either a local drive or a shared network drive.
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Enterprise Structures: Overview:

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 Oracle Fusion Applications have been designed to


ensure your enterprise can be modeled to meet legal
and management objectives. The decisions about
your implementation of Oracle Fusion Applications
are affected by your:
Industry

Business unit requirements for autonomy

Business and accounting policies


Business functions performed by business units and optionally, centralized in
shared service centers

Locations of facilities

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 Every enterprise has three fundamental structures, that describe its operations and provide
a basis for reporting

Legal

Managerial

Functional

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 Legal Structure:

The figure above shows a typical group of legal entities, operating various business and functional
organizations. Your ability to buy and sell, own, and employ comes from your charter in the legal
system.
A corporation is:

 A distinct legal entity from its owners and managers.


 Owned by its shareholders, who may be individuals or other corporations.
 Many other kinds of legal entities exist, such as sole proprietorships, partnerships, and government
agencies.

 A legally recognized entity can own and trade assets and employ people in the jurisdiction in which
the entity is registered. When granted these privileges, legal entities are also assigned
responsibilities to:

 Account for themselves to the public through statutory and external reporting.
 Comply with legislation and regulations.
 Pay income and transaction taxes.
 Process value added tax (VAT) collection on behalf of the taxing authority
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 Management Structure:

Successfully managing multiple businesses requires that you


segregate them by their strategic objectives, and measure their
results. Although related to your legal structure, the business
organizational hierarchies do not have to be reflected directly in
the legal structure of the enterprise. The management structure
can include divisions, subdivisions, lines of business, strategic
business units, profit, and cost centers. In the figure above, the
management structure is shown on the Business Axis. In Oracle
Fusion Applications, the management structure is implemented
using divisions and business units as well as being reflected in the
chart of accounts.
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 Functional Structure:

Straddling the legal and business organizations is a functional


organization structured around people and their competencies. For
example, sales, manufacturing, and service teams are functional
organizations. This functional structure is represented by the
Functional Axis in the figure above. You reflect the efforts and
expenses of your functional organizations directly on the income
statement. Organizations must manage and report revenues, cost of
sales, and functional expenses such as research and development and
selling, general, and administrative expenses. In Oracle Fusion
Applications, the functional structure is implemented using
departments and organizations, including sales, marketing, project,
cost, and inventory organizations.
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 Functional Structure:

Straddling the legal and business organizations is a functional


organization structured around people and their competencies. For
example, sales, manufacturing, and service teams are functional
organizations. This functional structure is represented by the
Functional Axis in the figure above. You reflect the efforts and
expenses of your functional organizations directly on the income
statement. Organizations must manage and report revenues, cost of
sales, and functional expenses such as research and development and
selling, general, and administrative expenses. In Oracle Fusion
Applications, the functional structure is implemented using
departments and organizations, including sales, marketing, project,
cost, and inventory organizations.
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 Manage Reference Data Sets:


 Reference Data set is a new concept available in Oracle Fusion Application and are logical groups which provides
the enterprise to decide which business unit access the reference data groups, such as grades, locations, Tax
Classification codes, AR & AP payment terms, departments, and jobs. Oracle fusion provides a default
Reference Data set which can be used across all Business units. However, we can define our own Reference data
sets.

 Below are the tasks involved to define Common Application Configuration under defining
Enterprise structure for Reference Data Set-

1. Define Reference Data Sharing


 a. Manage Reference Data Sets
 b. Manage Set Assignments for Set Determinant Type

 Main advantage of using Reference Data Sharing is to helps organizations share common transactional data
without unnecessary duplication.

 For example, if organization has several business units and each business unit uses different payment terms on a
customer invoice. Instead of each business unit creating and maintaining individual payment terms, one can
define the payment terms reference data at the organization level and use that data into partitions (create
reference data sets) so that the different payment terms can be assigned to each business unit
.
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 Manage Reference Data Sets:

 Reference data sharing helps to:

 Create reference sets across tables or lookup types.


 Share information and data processing options among the determinant types, such as business unit
or asset book.
 Create separate sets and subsets for each business unit depending upon its business requirement.
 Create common sets or subsets to enable sharing reference data between several business units,
without the need for duplicating the reference data.

 Define Reference Data Sharing

 Manage Reference Data Sets: We can use this page to create the Set Code, Set Name, and
Description that can then be assigned to reference data.
.
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 Manage Reference Data Sets:

 Reference data sharing helps to:

 Create reference sets across tables or lookup types.


 Share information and data processing options among the determinant types, such as business unit
or asset book.
 Create separate sets and subsets for each business unit depending upon its business requirement.
 Create common sets or subsets to enable sharing reference data between several business units,
without the need for duplicating the reference data.

 Define Reference Data Sharing

 Manage Reference Data Sets: We can use this page to create the Set Code, Set Name, and
Description that can then be assigned to reference data.
.
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 Manage Reference Data Sets:

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 Manage Reference Data Sets:

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Manage Set Assignments for Set Determinant Type: :

Assign the reference data sets to reference objects. For


multiple assignments, we can classify different types of
reference data sets into groups and assign them to reference
entity objects. The assignment takes into consideration the
determinant type, determinant, and reference group.

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Manage Reference Data Partitions:

 Define reference data and divide the data into partitions called reference data sets. Assign the reference data sets based
on business needs across organizational entities. Oracle Fusion Applications contain two predefined sets: Common and
Enterprise. We can create more reference data sets based on your business and data sharing requirements.

 Common: Used globally across the organization as a common set.


 Shared: Used by a few business units, that work with similar data and therefore share the sets.
 Enterprise specific: Unique to that business unit and not shared by any other business unit within that organization. Add
the Enterprise Set to the Receivables Payment Term, Prepayment, defined by line of business and used only by that line of
business irrespective of the country or region where it operates.

 Determinant and Determinant Types

 We can share the partitioned reference data based on a business context setting called the determinant type. It is the point
of reference used in the data assignment process. The available determinant types used in the reference data assignment
are:
 Asset Book: A book that records information about assets including their acquisition, depreciation, and retirement. An
Asset Book is tied to a ledger.
 Business Unit: A department or organization within an enterprise.
 Cost Organization: An organization used for cost accounting and reporting on various inventory and cost centers within
an enterprise.
 Project Unit: A logical organization within an enterprise that is responsible for enforcing consistent project management
practices.

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Manage Reference Data Partitions:

 Define reference data and divide the data into partitions called reference data sets. Assign the reference data sets based
on business needs across organizational entities. Oracle Fusion Applications contain two predefined sets: Common and
Enterprise. We can create more reference data sets based on your business and data sharing requirements.

 Common: Used globally across the organization as a common set.


 Shared: Used by a few business units, that work with similar data and therefore share the sets.
 Enterprise specific: Unique to that business unit and not shared by any other business unit within that organization. Add
the Enterprise Set to the Receivables Payment Term, Prepayment, defined by line of business and used only by that line of
business irrespective of the country or region where it operates.

 Determinant and Determinant Types

 We can share the partitioned reference data based on a business context setting called the determinant type. It is the point
of reference used in the data assignment process. The available determinant types used in the reference data assignment
are:
 Asset Book: A book that records information about assets including their acquisition, depreciation, and retirement. An
Asset Book is tied to a ledger.
 Business Unit: A department or organization within an enterprise.
 Cost Organization: An organization used for cost accounting and reporting on various inventory and cost centers within
an enterprise.
 Project Unit: A logical organization within an enterprise that is responsible for enforcing consistent project management
practices.

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Jurisdictions and Legal Authorities:


 You are required to register your legal entities with legal authorities in the jurisdictions
where you conduct business. Register your legal entities as required by local business
requirements or other relevant laws. For example, register your legal entities for tax
reporting to report sales taxes or value added taxes.

 Define jurisdictions and related legal authorities to support multiple legal entity
registrations, which are used by Oracle Fusion Tax and Oracle Fusion Payroll. When you
first create a legal entity, the Oracle Fusion Legal Entity Configuration automatically
creates one legal reporting unit for that legal entity with a registration.

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Jurisdictions and Legal Authorities:


 You are required to register your legal entities with legal authorities in the jurisdictions
where you conduct business. Register your legal entities as required by local business
requirements or other relevant laws. For example, register your legal entities for tax
reporting to report sales taxes or value added taxes.

 Define jurisdictions and related legal authorities to support multiple legal entity
registrations, which are used by Oracle Fusion Tax and Oracle Fusion Payroll. When you
first create a legal entity, the Oracle Fusion Legal Entity Configuration automatically
creates one legal reporting unit for that legal entity with a registration.

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Jurisdictions: Explained:
 Jurisdiction is a physical territory such as a group of countries, country, state, county,
or parish where a particular piece of legislation applies. French Labor Law, Singapore
Transactions Tax Law, and US Income Tax Laws are examples of particular legislation
that apply to legal entities operating in different countries' jurisdictions. Judicial
authority may be exercised within a jurisdiction.
 Types of jurisdictions are:

Identifying Jurisdiction Income Tax Jurisdiction Transaction Tax Jurisdiction

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 Identifying Jurisdiction:

 For each legal entity, select an identifying jurisdiction. An identifying jurisdiction is your first jurisdiction you
must register with to be allowed to do business in a country. If there is more than one jurisdiction that a legal
entity needs to register with to commence business, select one as the identifying jurisdiction. Typically the
identifying jurisdiction is the one you use to uniquely identify your legal entity.

 Income tax jurisdictions and transaction tax jurisdictions do not represent the same jurisdiction. Although in
some countries, the two jurisdictions are defined at the same geopolitical level, such as a country, and share the
same legal authority, they are two distinct jurisdictions.

 Income Tax Jurisdiction:

 Create income tax jurisdictions to properly report and remit income taxes to the legal authority. Income tax
jurisdictions by law impose taxes on your financial income generated by all your entities within their jurisdiction.
Income tax is a key source of funding that the government uses to fund its activities and serve the public.

 Transaction Tax Jurisdiction:

 Create transaction tax jurisdictions through Oracle Fusion Tax in a separate business flow, because of the specific
needs and complexities of various taxes. Tax jurisdictions and their respective rates are provided by suppliers and
require periodic maintenance. Use transaction tax jurisdiction for legal reporting of sales and value added taxes.
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 Legal Authorities: Explained:

 A legal authority is a government or legal body that is charged with powers to make
laws, levy and collect fees and taxes, and remit financial appropriations for a given
jurisdiction.
 For example, the Internal Revenue Service is the authority for enforcing income tax
laws in United States. In some countries, such as India and Brazil, you are required to
print legal authority information on your tax reports. Legal authorities are defined in
the Oracle Fusion Legal Entity Configuration. Tax authorities are a subset of legal
authorities and are defined using the same setup flow.
 Legal authorities are not mandatory in Oracle Fusion Human Capital Management
(HCM), but are recommended and are generally referenced on statutory reports.

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 Legal Authorities: Explained:

 A legal authority is a government or legal body that is charged with powers to make
laws, levy and collect fees and taxes, and remit financial appropriations for a given
jurisdiction.
 For example, the Internal Revenue Service is the authority for enforcing income tax
laws in United States. In some countries, such as India and Brazil, you are required to
print legal authority information on your tax reports. Legal authorities are defined in
the Oracle Fusion Legal Entity Configuration. Tax authorities are a subset of legal
authorities and are defined using the same setup flow.
 Legal authorities are not mandatory in Oracle Fusion Human Capital Management
(HCM), but are recommended and are generally referenced on statutory reports.

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 Creating Legal Jurisdictions, Addresses and Authorities:

 Define legal jurisdictions and related legal authorities to support


multiple legal entity registrations, which are used by Oracle Fusion Tax
and Oracle Fusion Payroll.

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 Legal Entities: Explained:

 A legal entity is a recognized party with rights and responsibilities given by legislation.

 Legal entities have the right to own property, the right to trade, the responsibility to repay debt,
and the responsibility to account for themselves to regulators, taxation authorities, and owners
according to rules specified in the relevant legislation. Their rights and responsibilities may be
enforced through the judicial system. Define a legal entity for each registered company or other
entity recognized in law for which you want to record assets, liabilities, expenses and income,
pay transaction taxes, or perform intercompany trading.

 A legal entity has responsibility for elements of your enterprise for the following reasons:

 Facilitating local compliance


 Taking advantage of lower corporation taxation in some jurisdictions
 Preparing for acquisitions or disposals of parts of the enterprise
 Isolating one area of the business from risks in another area. For example, your enterprise
develops property and also leases properties. You could operate the property development
business as a separate legal entity to limit risk to your leasing business
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 The Role of Your Legal Entities:

 In configuring your enterprise structure in Oracle Fusion Applications, you need to understand that
the contracting party on any transaction is always the legal entity. Individual legal entities own the
assets of the enterprise, record sales and pay taxes on those sales, make purchases and incur
expenses, and perform other transactions.

 Legal entities must comply with the regulations of jurisdictions, in which they register. Europe now
allows for companies to register in one member country and do business in all member countries, and
the US allows for companies to register in one state and do business in all states. To support local
reporting requirements, legal reporting units are created and registered.

 You are required to publish specific and periodic disclosures of your legal entities' operations based on
different jurisdictions' requirements. Certain annual or more frequent accounting reports are referred
to as statutory or external reporting. These reports must be filed with specified national and
regulatory authorities. For example, in the United States (US), your publicly owned entities
(corporations) are required to file quarterly and annual reports, as well as other periodic reports, with
the Securities and Exchange Commission (SEC), who enforces statutory reporting requirements for
public corporations.
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 The Role of Your Legal Entities:

 Individual entities privately held or held by public companies do not have to file separately. In
other countries, your individual entities do have to file in their own name, as well as at the public
group level. Disclosure requirements are diverse. For example, your local entities may have to
file locally to comply with local regulations in a local currency, as well as being included in your
enterprise's reporting requirements in different currency.

 A legal entity can represent all or part of your enterprise's management framework. For
example, if you operate in a large country such as the United Kingdom or Germany, you might
incorporate each division in the country as a separate legal entity. In a smaller country, for
example Austria, you might use a single legal entity to host all of your business operations across
divisions.

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 Legal Entity in Oracle Fusion: Points to Consider:


 Oracle Fusion Applications support the modeling of your legal entities. If you make purchases from or sell to
other legal entities, define these other legal entities in your customer and supplier registers, which are part of
the Oracle Fusion Trading Community Architecture. When your legal entities are trading with each other, you
represent both of them as legal entities and also as customers and suppliers in your customer and supplier
registers. Use legal entity relationships to determine which transactions are intercompany and require
intercompany accounting. Your legal entities can be identified as legal employers and therefore, are available for
use in Human Capital Management (HCM) applications.

 There are several decisions that need to be considered in creating your legal entities.

 The importance of legal entity in transactions


 Legal entity and its relationship to business units
 Legal entity and its relationship to divisions
 Legal entity and its relationship to ledgers
 Legal entity and its relationship to balancing segments
 Legal entity and its relationship to consolidation rules
 Legal entity and its relationship to intercompany transactions
 Legal entity and its relationship to worker assignments and legal employer
 Legal entity and payroll reporting
 Legal reporting units
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 The Importance of Legal Entity in Transactions:

 All of the assets of the enterprise are owned by individual legal entities. Oracle Fusion
Financials allow your users to enter legal entities on transactions that represent a
movement in value or obligation.

 For example, the creation of a sales order creates an obligation for the legal entity that
books the order to deliver the goods on the acknowledged date, and an obligation of the
purchaser to receive and pay for those goods. Under contract law in most countries,
damages can be sought for both actual losses, putting the injured party in the same state
as if they had not entered into the contract, and what is called loss of bargain, or the profit
that would have made on a transaction.

 In another example, if you revalued your inventory in a warehouse to account for raw
material price increases, the revaluation and revaluation reserves must be reflected in your
legal entity's accounts. In Oracle Fusion Applications, your inventory within an inventory
organization is managed by a single business unit and belongs to one legal entity.
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 Legal Entity and Its Relationship to Business Units :


 A business unit can process transactions on behalf of many legal entities.
Frequently, a business unit is part of a single legal entity. In most cases the
legal entity is explicit on your transactions. For example, a payables invoice
has an explicit legal entity field. Your accounts payables department can
process supplier invoices on behalf of one or many business units.

 In some cases, your legal entity is inferred from your business unit that is
processing the transaction. For example, your business unit A agrees on
terms for the transfer of inventory to your business unit B. This transaction is
binding on your default legal entities assigned to each business unit. Oracle
Fusion Procurement, Oracle Fusion Projects, and Oracle Fusion Supply Chain
applications rely on deriving the legal entity information from the business
unit.
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 Legal Entity and Its Relationship to Divisions:

 The division is an area of management responsibility that can correspond to


a collection of legal entities. If desired, you can aggregate the results for
your divisions by legal entity or by combining parts of other legal entities.
Define date-effective hierarchies for your cost center or legal entity segment
in your chart of accounts to facilitate the aggregation and reporting by
division. Divisions and legal entities are independent concepts.

Legal Entity and Its Relationship to Ledgers

 One of your major responsibilities is to file financial statements for your legal entities.
Map legal entities to specific ledgers using the Oracle Fusion General Ledger Accounting
Configuration Manager. Within a ledger, you can optionally map a legal entity to one or
more balancing segment values.

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 Legal Entity and Its Relationship to Balancing Segments:

 Oracle Fusion General Ledger supports up to three balancing segments. Best


practices recommend that one of these segments represents your legal
entity to ease your requirement to account for your operations to regulatory
agencies, tax authorities, and investors. Accounting for your operations
means you must produce a balanced trial balance sheet by legal entity. If you
account for many legal entities in a single ledger, you must:

1.Identify the legal entities within the ledger.


2.Balance transactions that cross legal entity boundaries through intercompany transactions.
3.Decide which balancing segments correspond to each legal entity and assign them in
Oracle Fusion General Ledger Accounting Configuration Manager. Once you assign one
balancing segment value in a ledger, then all your balancing segment values must be
assigned. This recommended best practice facilitates reporting on assets, liabilities, and
income by legal entity.
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 Legal Entity and Its Relationship to Worker Assignments and Legal Employer:

 Legal entities that employ people are called legal employers in the Oracle Fusion
Legal Entity Configuration. You must enter legal employers on worker assignments in
Oracle Fusion HCM.

 Legal Entity and Payroll Reporting


 Your legal entities are required to pay payroll tax and social insurance such as social
security on your payroll. In Oracle Fusion Applications, you can register payroll
statutory units to pay and report on payroll tax and social insurance on behalf of many
of your legal entities. As the legal employer, you might be required to pay payroll tax,
not only at the national level, but also at the local level. You meet this obligation by
establishing your legal entity as a place of work within the jurisdiction of a local
authority. Set up legal reporting units to represent the part of your enterprise with a
specific legal reporting obligation. You can also mark these legal reporting units as tax
reporting units, if the legal entity must pay taxes as a result of establishing a place of
business within the jurisdiction.
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