Oracle Financials is also Called Oracle e-Business Suite is the premier accounting and financial ERP, one of the most flexible and robust packages ever created.  The main areas of Oracle financials R12 includes General Ledger (GL), Accounts Receivable (AR), Accounts Payable (AP), Fixed Assets (FA) and Cash Management.

Oracle Financials products provide organizations with solutions to a wide range of long- and short-term accounting system issues. Regardless of the size of the business, Oracle Financials can meet accounting management demands with:

General Ledger: Offers a complete solution to journal entry, budgeting, allocations, consolidation, and financial reporting needs.

Assets: Ensures that an organization's property and equipment investment is accurate and that the correct asset tax accounting strategies are chosen.

Payables: Lets an organization process more invoices with fewer staff members and tighter controls. Helps save money through maximum discounts, bank float, and prevention of duplicate payment.

Receivables: Improves cash flow by letting an organization process more payments faster, without off-line research. Helps correctly account for cash, reduce outstanding receivables, and improve collection effectiveness.

Cash Management: Oracle provide supporting to cash management, it will maintain cash inflow and outflow, and it will allow to clear payments and receipts activities, at the period end we can reconcile the bank statement either manual process or automatic

COURSE SUMMARY                                                                       DOWNLOAD COURSE CONTENT: CLICK HERE

Introduction to ERP

Modules

  • General Ledger
  • Accounts Payables
  • Accounts Receivables
  • Cash Management
  • Fixed Assets
  • E-Business Tax
  • SLA (Sub-Ledger Accounting)
  • System Administrator
  • TCA
  • HR

Multi – Org Structure and MOAC, Real time Project Scenarios (AIM Document ), CYCLES - Procure to Pay (P2P), Order to Cash (O2C), FA to GL & R2R, PERIOD END PROCESS, TECHNICAL RICE Components – Reports, Interfaces, Conversions, Enhancements

Introduction to ERP

What is Oracle Application/E-Business suite, Versions available in Oracle, Versions available in Oracle Application, What are major modules available in Oracle Application, ERP’s available in the market, Why Oracle application is so popular, What Basically Implementation, up gradation & Support is?, Overview of Implementation of Oracle Application, Companies Implementing Oracle Application, Hardware requirements for Oracle Application 

Oracle Financials Functional Modules Training Institute in Hyderabad

 

GL - General Ledger

Understand Flex filed - Key Flex Fields & Descriptive Flex Field, Define Functional & Foreign Currencies, Define Accounting Calendar – Calendar year & Fiscal Year, Implement Chart of Accounts Segments, Value Sets and Values, Understand and Implement Accounting Setup Manager, Implement Primary Ledger & Reporting Currency Ledger, Define Secondary Ledger and Implement Consolidation

Open/Close Periods (Period End Process), Create Single Journals & Batch Journals, Apply Control total to JE’s & Insert Default segment values in JE’s, Reverse Journal & Create Foreign Currency Journals, Apply Suspense Accounts to Journals, Implement and Execute Cross-validation rules, Implement and Execute Security Rules & Accounts Aliases, Implement Recurring Journal Templates – Standard, Skeleton & Formula, Implement Inter, Intra & Clearing Company Journals, Define Budget - Plan Budget & Fund Budget, Create Budget Journals, Encumbrance Journals and Apply Budget controls, Implement Translation & Revaluation, Define and Execute Multiple Reports by Using Financial Statement Generator (FSG), Define Ledger Set, Data Definition set & Definition Access Sets for controlling

Generate Trail Balance – Details Report, Define Rollup Groups, Summary Accounts & Summary Templates, Define Document Sequences to JE & Implement Journal Approval Process, Implement Auto post and Auto Reverse 

AP - Account Payables

Setup Options to Insert Default Data and Controls, Financial Options, Payable Options, Payables System Options, Payables system setups,Define Payment Terms – Immediate, Days basis, Fixed Date, Proxima, Installments, Define Distribution Sets – Full and Skeleton & Apply to Invoices, Define Tolerances – Goods and Services and apply them while creating invoices,  by matching PO & Receipts

Define Special Calendars to execute with holding and recurring invoices, Define Bank Payment Formats, Payment process Profile and Payment methods, Define Bucket Cycles and Execute Aging Reports, Define Banks, Bank Branches, Bank Accounts and Bank Payment Documents, Define and Setup Suppliers, Supplier sites and Implement Supplies Merge, Open / Close Accounting Periods (Month end Process), Create Different Types of Invoices, Standard Invoices, Batch Invoices Credit Memo’s, Debit Memo’s, Pre-Payment, Expense

Reports, Recurring Invoices & Quick Invoices, Define Withholding Tax Codes and Create Withholding tax Invoices, Create Po Match Invoices, Quick Match (Match PO/Receipt with Invoices), Create Single Payments, Quick, Manual, Refund 

AR - Account Receivables

Understand Key Flex fields, Setup System Options to Insert default data and controls, Define Payment Terms – Immediate, Fixed date, Date basis, Installment, Define Statement Cycle & Dunning Letter, Implement and apply Application Rule Set, Define Auto Cash Rule Set, Collector, Remit-to-Address, Define Customer Profile class & Customers, Define Memo Lines & Apply for transactions, Define Transaction Types -.Standard, Debit memo, Credit memo, Charge back, Guarantee, Deposit, Bills Receivables, Define Transaction Sources – Import and Manual, Define Auto Accounting to generate combinations, Create Transactions – Invoice, Debit Memo, Credit Memo, Charge Back, Deposit, Guarantee, Define and Apply Transaction Rules – Invoice, Accounting, Define Receivable Activity – Refund, Misc Cash, UN Earned Discount, Earned Discount, Implement Recurring Invoices and Define Receipt Class, Receipt Source

Collect Receipts and Apply receipt to Transactions – In Detail, Create Miscellaneous Receipts and Receipt Reversal, Implement Remittance process to transfer receipts to Cash Management, General Different Aging Reports & Implement Revenue Recognition

Define BFB Cycle and Execute Balance forward billing Invoice, Implement AP/AR Netting in Payables and Receivables 

CM - Cash Management

Setup System Parameters, Define Bank Reconciliation statements, Define Bank Codes, Execute Clear Invoice and Transaction, Prepare Bank Reconciliation statement, Process Un-reconciliation, Implement Forecasting 

FA - Fixed Assets

Understand Flexi Fields Values, Setup System Controls, Define Fiscal Year, Depreciation Calendar, Prorate Convention Calendar, Define Depreciation Methods to calculate depreciation, Define Book Controls and Asset Categories to group assets, Create assets by using Asset Additions and Quick Additions Methods, Implement Mass Addition Process to generate automatic assets from AP, Run Depreciation and Implement Transfer - Mass Transfer and Changes, Implement Revaluation, Reclassification, Retirement, Reinstatement, Create Journal Entries and transfer to GL 

SLA - Sub-Ledger Accounting Method - Account Derivation Rules (ADR), Journal Line Definition (JLD), Events, Application Accounting Definition (AAD), Sub-Ledger Accounting Method (SLAM)

EBT - E-BUSINESS TAX - Define Tax Regime, Taxes, Tax status, Tax jurisdiction, Tax rates, Tax Rules

Sys Admin Define Responsibilities and create Users, Setup Profile Options in Different Level, Implement Custom and Customization Menu’s, Define Executable files for Reports, Define Request Group and Concurrent Manager

HR Define Employee Job, Position, Employees, Position Hierarchy, Approval Limits

Multi-Org & MOAC Define Location, Business Group, Legal Entity, Ledger, Operating Unit, Inventory Organization Sub-Inventory, Locators

Real Time Scenarios

Application Implementation Methodology (AIM)

AIM Phases and Documents - Phases - Definition, Operation analysis, Solution Design, Build, Transition, Production, Documents - BP-40 – Current Business Process Model, RD-20 – Requirement gathering,BP-80 – Future Business Process, BR-10 – Gap Analysis, BR-100 – Setup Document, MD-50 – Functional specification document, TE-40 – Test scripts, Project Types Implementation, Support, Migration/Up gradation, Customization, Global Roll out, Project Models - Offshore, Onshore, Onsite, Project Instances - Dev, Test, Prod 

Oracle Financials allow you to:                                                                              

Work Smarter

Increase shared services efficiency with the centralized architecture for accounting, taxes, payments, and banks, Improve productivity with integrated imaging, workflow, and spreadsheet integration, Accelerate decision making with delivered integration with business intelligence and market-leading planning and consolidation solutions 

Work Globally

Comply with multiple legislative, industry, tax, and geographic requirements concurrently in a single instance, Operate in any country and comply with evolving global accounting standards, Standardize global accounting policies that are applied consistently across the enterprise with configurable rules engines 

Work Securely

Manage enterprise risk and reduce compliance costs with end-to-end processes for governance, risk, and compliance, Enforce segregation of duties and security policies at multiple levels, Utilize comprehensive approvals across business processes to enforce corporate policies and regulatory compliance  

 

 
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