ORACLE APPS FINANCIALS

ORACLE APPS FINANCIALS

Overview:
Oracle Apps Financials is an ERP Product. The Oracle E-Business Suite provides a set of financial applications used internationally in businesses. Oracle Fusion Financials offers an integrated financial management suite that is really designed to automate, streamline, and control an organization’s financial management processes end-to-end. It includes a broad suite of applications that are completely integrated. It has your traditional GL, Payables, Receivables, Assets, Expenses, Collections and Cash Management.

Training Objectives of ORACLE APPS Financials
Oracle Financials is an industrial strength accounting software package from Oracle Corporation. Oracle Applications comprise the applications software or business software of the Oracle Corporation. Oracle Fusion Applications Security provides a single console where IT Security Managers and Administrators can perform various functions including user lifecycle management, role definition, security policy management (both functional and data), role hierarchy maintenance.

Target Students and Prerequisites:
Students must have awareness in Concepts of Oracle PL/SQL and D2K. Some basic Java Programming knowledge is required.

Course Contents:
Introduction to Oracle Financials
Integration among Financials

System Administration
Define Users and assign Responsibilities
Concept of Concurrent Programs / Reports
Concept of Profile Options and their significance

Journal Entry JE
Recurring / Tax / STAT / Suspense / Reverse
Mass Allocation / Conversion / Intercompany

General ledger
Configuration / Setup
Define (Non-ISO) or Enable (ISO) Currencies
Design Accounting Calendar
Concept of Flex fields in Oracle Applications
Difference between Key and Descriptive Flex fields
Design Value Sets and Define Values
Design Chart of Accounts and Considerations
Design Set of Books
Assign Set of Books to Responsibilities

Journal Processing
Enter Manual Journals
Post individual and multiple
Journals Automate Journal posting
View Account Balances online
Run reports to view account balances
Reverse Journals after posting
Automate Journal Reversals

Inter-company Journals: Processing and Issues
Inter-company Journals: Processing and Issues

Design Suspense Accounts
Design Suspense Accounts

Journal Approvals
Journal Approvals

Journal Entry Tax and its relevance
Journal Entry Tax and its relevance

Rollup Groups and Summary Templates
Rollup Groups and Summary Templates

Document Sequence for journals
Document Sequence for journals

Import Journals from other applications, Legacy Systems
Import Journals from other applications, Legacy Systems

Budgets
Enter Budgets Manually
Post Budgets
View Budget or Fund Balances

Revaluation
Revaluation

Need for Revaluation
Design the template

Translation
Business Consideration
View Balances

Consolidation
Business Needs
Map Subsidiaries to Parent
View Results

Multiple Reporting Currencies
Business Needs
Advantages and Limitations

Accounts Receivables
Accounts Receivables

Configuration / Setup
System Options
Auto accounting
Grouping rules
Other setup steps

Define Customers
Define Customers

Invoice Processing
Standard Invoices
Credit Memo/ Debit Memo
Customer Advance
Recurring Invoices

Import Invoice using AutoInvoic Import Adjustments to Invoices
Editing
Cancellation

Receipts Processing
Individual/ Batches
Open Receipts
Apply against invoices
Supplier/ Customer knockoff

Adjustments to Receipts: Editing/ Cancellation
Adjustments to Receipts: Editing/ Cancellation

Accounting Events: Introduction/ Transfer to GL
Accounting Events: Introduction/ Transfer to GL

Bills Receivables
Bills Receivables

Cash Management
Enter Bank Statements
Manual Entry
Import Statements from bank (Concept)

Reconciliation
Manual
Automatic

Cash Forecasting
Cash Forecasting
Cash Positioning
Data Migration/ Conversion
Open Interfaces

Oracle Payables
Multiple Organizations
Need for multiple organizations
Business Group
Legal Entity
Operating Unit
Inventory Organization

Configuration / Setup
Map Set of Books
Design Financials Options
Design Payable Options

Create Bank Accounts
Payment Terms/ Distribution Sets
Taxes (Input, Offset, Recoverable, Withholding)
Special Calendars
Control Accounting Periods
Create Suppliers and Employees
Create Suppliers and Employees

Invoice Processing
Standard Invoices
Credit Memo/ Debit Memo
Expense Reports (Employee Reimbursements)
Prepayments (Supplier Advances)
Recurring or Regular Invoices
Quick Data Entry
Create A/c entries and transfer to GL

Adjustments to Invoices
Edit Invoices
Cancellation

Hold Invoices
Hold Invoices

Import invoices from other applications
Import invoices from other applications
Payment Processing
Individual Payments
Batch Payments
Void/ Cancellation

Payment Reconciliation
Integration with Cash Management
Accounting Events

Transfer Assets to Fixed Assets
Editing Cancellation

Fixed Assets
Setup Calendar
Setup category
Setup Asset Book Asset Addition
Asset Retirement
Asset Revaluation
Mass Additions
Lease Asset

About the Trainer

10 + Years of IT experience, provided training for over 1000+ professionals online Real-time IT experience which enables to provide dedicated quality training. Teaching is his passion vast experience in providing online training around the globe with good communication skills.