Fusion Applications: Introduction to Financials …edu.fors.ru/toc/2011/D75544GC10_TOC.pdfFusion...
Transcript of Fusion Applications: Introduction to Financials …edu.fors.ru/toc/2011/D75544GC10_TOC.pdfFusion...
Fusion Applications: Introduction to Financials Implementation Student Guide • Volume III
D75544GC10
Edition 1.0
May 2012
D77372
Authors
Asara Alim, Tina Brand, Gail D’Aliosio, Wally Gardipe, Mary Kalway, Barbara Kostelec, Carol Ann Lapeyrouse, Robert MacIsaac, Essan Ni, Sehkar Pappu, Barbara Snyder, and Kathryn Wohnoutka
Technical Contributors and Reviewers Ayse Aba, David Barnacle, Vipin Chengalpatu, Tina Cook, Abhijit Dhakephalkar, Giles Emberson, Ivy Farren, Wei Feng , Fernando Franco, David Haimes, Bruce Ingram, Imad Jabbour, Carolyn Luk, Muhannad Obeidat, Jyoti Pandey, Bernardine Rodgers, Greg Roth, Chris Rudd, Johanna Rusly, Aalok Shah, Mei Siauw, Matthew Skurdahl, Mohana Suggula, Vincent Toh, Senthil Vellakoilmuthusamy, Raj Verma, Alison Wan, Xin Wang, and Ian Yu.
Copyright © 2012, Oracle and/or its affiliates. All rights reserved.
Disclaimer
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CONTENTS Lesson 1: Introduction to Oracle Fusion Financials ..................... 1
Lesson 1: Objectives ................................................................................. 1
Course Approach ....................................................................................... 2
Oracle Fusion Implementation Resources ...................................................... 3
Course Schedule ....................................................................................... 5
Introduction to Oracle Fusion Financials...................................................... 6
Oracle Fusion Strategy .......................................................................... 8
Introduction to Oracle Fusion .................................................................. 9
Oracle Fusion Applications .................................................................... 10
Options to Implement Oracle Fusion Applications ..................................... 12
Implementation Course Overview .......................................................... 14
Activity: Implementation Discussion ...................................................... 15
Introduction to Financials Offering ......................................................... 16
Overview of Common Applications Configurations ...................................... 17
Legal Structure ................................................................................... 18
Managerial Structure ........................................................................... 20
Functional Structure ............................................................................ 21
Activity: Common Application Discussion ................................................ 22
Introduction to Common Applications Configuration ................................. 24
Introduction to Common Financials Configuration ......................................... 26
Lesson 1: Highlights ................................................................................ 28
Lesson 2: Overview of Oracle Fusion Functional Setup Manager29
Lesson 2: Objectives ............................................................................... 30
Getting Started in Oracle Fusion Applications ............................................... 31
User Interface ...................................................................................... 32
Dashboard ........................................................................................... 33
Work Areas .......................................................................................... 34
Recent Items ........................................................................................ 35
Overview of the Functional Setup Manager .................................................. 37
Implementation Overview ...................................................................... 38
Job Roles ........................................................................................... 39
Implementation Task Flow ................................................................... 40
Implementation Objects Overview ......................................................... 42
Implementation Project Overview .......................................................... 44
Implementation Project for Ongoing Maintenance .................................... 46
Offerings, Options and Features ............................................................ 47
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Implementation Objects Task Flow ........................................................ 49
Setup Data Export and Import Overview ................................................ 50
Export and Import Task Flow ................................................................ 51
Browsing and Configuring Offerings ......................................................... 52
Gathering Implementation Requirements for Offerings ............................. 53
Using the Getting Started Page ............................................................. 54
Functional Setup Manager Reports Overview ........................................... 55
Functional Setup Manager Reports Features ............................................ 56
Selecting Feature Choices .................................................................... 58
Lesson 2: Highlights ................................................................................ 60
Lesson 3: Overview of Common Applications Configuration ...... 61
Lesson 3: Objectives ............................................................................... 62
The InFusion Story .................................................................................. 63
Overview of InFusion Corporation ............................................................ 63
InFusion Corporation Analysis ................................................................. 64
Infusion Enterprise Structure Model ......................................................... 65
InFusion Corporation Structure Diagram ................................................... 66
InFusion Enterprise Structure Mapping ..................................................... 68
InFusion Chart of Accounts Summary ....................................................... 70
Define Enterprise Structures ..................................................................... 72
Define Geographies ............................................................................... 74
Available Options for Importing Geographies ........................................... 75
Running Maintain Geography Name Referencing ...................................... 76
Managing Geography Lookups .............................................................. 77
Zone Types and Zones ......................................................................... 78
Territory Zone Hierarchy ...................................................................... 79
Managing Geographies ........................................................................... 80
Geographies Overview ......................................................................... 81
Geography Structure ........................................................................... 82
Geography Hierarchy ........................................................................... 83
Geography Validations ......................................................................... 85
Address Cleansing ............................................................................... 86
Configuring Enterprise Structures Overview .............................................. 87
Define Legal Jurisdictions and Authorities ................................................. 89
Legal Jurisdictions Overview ................................................................. 90
Legal Authorities Overview ................................................................... 91
Manage Legal Entities ............................................................................ 92
Legal Entities Overview ........................................................................ 93
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Legal Entity Considerations .................................................................. 95
Legal Entity Decisions 1 ....................................................................... 96
Legal Entity Decisions 2 ....................................................................... 97
Legal Entity Decisions 3 ....................................................................... 98
Legal Entity Decisions 4 ....................................................................... 99
Legal Entity Decisions 5 ..................................................................... 100
Legal Entity Decisions 6 ..................................................................... 102
Legal Entity Decisions 7 ..................................................................... 103
Legal Entity Decisions 8 ..................................................................... 105
Legal Entity Decisions 9 ..................................................................... 106
Manage Legal Reporting Units ............................................................... 107
Legal Reporting Units Overview ........................................................... 108
Define Reference Data Sharing.............................................................. 110
Reference Data Sharing Overview ....................................................... 111
Manage Reference Data Partitions ....................................................... 113
Determinant and Determinant Types ................................................... 115
Reference Data Set Assignments ......................................................... 116
Reference Data Set Examples ............................................................. 119
Reference Group ............................................................................... 121
Knowledge Check: Reference Data Sets ............................................... 123
Knowledge Check: Reference Data Sets Answer .................................... 124
Knowledge Check: Reference Data Sets with Business Units .................... 125
Knowledge Check: Reference Data Sets with Business Units Answer ......... 126
Manage Business Units ........................................................................ 127
Business Units Overview .................................................................... 129
Business Unit Definition Considerations ................................................ 130
Business Unit Hierarchy Example ........................................................ 131
Lesson 3: Highlights .............................................................................. 132
Lesson 4: Configuring Oracle Fusion General Ledger .............. 133
Lesson 4: Objectives ............................................................................. 133
Chart of Accounts .................................................................................. 134
Sharing Ledger Components Across Oracle Applications ............................ 134
Accounting Configuration Prerequisites ................................................... 135
Creating Chart of Accounts ................................................................... 136
Chart of Accounts Components ........................................................... 138
Define Value Sets ............................................................................. 140
Validation and Value Sets ................................................................... 142
Building the Chart of Accounts Structure .............................................. 144
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Assigning Segment Labels .................................................................. 146
Knowledge Check: Chart of Accounts ................................................... 148
Knowledge Check: Chart of Accounts Answer ........................................ 149
Deploying the Chart of Accounts ......................................................... 150
Defining Segment Values ................................................................... 152
Assigning Segment Attributes ............................................................. 154
Control Accounts Example .................................................................. 157
Defining Hierarchies ............................................................................ 160
Account Hierarchy Purposes ............................................................... 162
Create Account Hierarchies ................................................................. 164
Published Account Hierarchy Example .................................................. 165
Enabling Account Combinations ............................................................. 167
Manage Segment Value Attributes ....................................................... 169
Defining Segment Value Security Rules ................................................ 171
Defining Cross-Validation Rules ........................................................... 172
Manage an Accounting Calendar .............................................................. 175
Accounting Calendar Considerations ....................................................... 176
Calendars with Different Period Frequencies ............................................ 178
Adding a Calendar Year ........................................................................ 179
Calendar Auditing ............................................................................... 180
Manage Currencies Overview .................................................................. 181
Currency Concepts .............................................................................. 182
Currency in Subledgers ........................................................................ 183
Knowledge Check: Manage Currencies ................................................... 185
Knowledge Check: Manage Currencies Answer ........................................ 186
Define Currencies Overview .................................................................... 187
Currencies Overview ............................................................................ 188
Conversion Rate Types Overview ........................................................... 190
Explain Cross Rate Rules .................................................................... 191
Daily Rates Overview ........................................................................... 193
Ledgers ............................................................................................... 195
Relevant Setup Tasks .......................................................................... 195
Ledgers and Accounting Configurations .................................................. 196
Define Ledger Components ................................................................... 199
Manage Primary Ledgers ...................................................................... 201
Specify Ledger Options ........................................................................ 203
Balancing Segment Value Assignments ................................................... 205
Manage Reporting Currencies ................................................................ 207
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Reporting Currencies Conversion Levels ............................................... 209
Define Secondary Ledgers .................................................................... 211
Secondary Ledgers Conversion Levels .................................................. 213
Secondary Ledgers Mapping ............................................................... 215
Review and Submit Accounting Configuration .......................................... 217
Balance Cubes Overview .................................................................... 218
Balance Cube Dimensions .................................................................. 220
Manage Ledger Sets ............................................................................ 221
Defining Security ................................................................................ 222
Defining Segment Value Security Rules ................................................ 224
Segment Value Security Examples ....................................................... 226
Segment Value Security Operators ...................................................... 228
Data Access Set Security ................................................................... 229
Data Access Set Security Example ....................................................... 230
Knowledge Check: Data Access Set Security ......................................... 232
Knowledge Check: Data Access Set Security Answer .............................. 233
Function and Data Security ................................................................ 234
Job Roles ......................................................................................... 236
Assign Data Roles Overview ............................................................... 237
Secure Subledger Accounting ............................................................. 238
Period Close ......................................................................................... 240
Period Close Checklist .......................................................................... 241
Allocations Rule Sets and Components ................................................... 242
Journal Allocations Requirements ........................................................ 244
Step Down Allocation Example ............................................................ 245
Using Actual and Allocated Amounts Example ....................................... 246
Journal Allocations Concepts ............................................................... 247
Journal Allocations - Best Practices ...................................................... 248
Revaluation and Translation .................................................................. 250
Revaluation and Translation Setup ...................................................... 251
Revaluation Overview .......................................................................... 252
Revaluation Example ......................................................................... 254
Translation Overview ........................................................................... 256
Historical Rates ................................................................................ 257
Accounting Periods Overview ................................................................ 258
Accounting Period Statuses ................................................................ 259
Period Close with Oracle Fusion Financials ............................................ 260
Close Status Monitor ......................................................................... 261
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Period Close Best Practices ................................................................. 262
Knowledge Check: Open and Close Periods ........................................... 263
Knowledge Check: Open and Close Periods Answer ................................ 264
Financial Reporting ................................................................................ 265
Financial Reporting Center Components ................................................. 267
Create Financial Reports .................................................................... 268
Financial Reporting Studio Features ..................................................... 270
Account Monitor Features ................................................................... 271
Account Inspector Features ................................................................ 272
Smart View Features ......................................................................... 273
Configure Smart View ........................................................................ 274
Oracle Transactional Business Intelligence .............................................. 275
Budgeting and the Oracle Fusion Accounting Hub ..................................... 276
Lesson 4: Highlights .............................................................................. 277
Lesson 5: Configuring Oracle Fusion Subledger Accounting .... 279
Lesson 5: Objectives ............................................................................. 280
Manage Subledger Accounting Overview ................................................... 281
Accounting Methods Overview ................................................................. 282
Create Accounting Process Overview ........................................................ 283
Manage Subledger Applications and Sources ............................................. 285
Accounting Event Model Example .......................................................... 286
Manage Subledger Accounting Rules ........................................................ 288
Manage Accounting Methods ................................................................. 290
Accounting Methods Best Practices ...................................................... 292
Manage Subledger Journal Entry Rule Sets ............................................. 293
How the Different Types of Rules Fit Together ....................................... 294
Journal Header and Line Level Accounting Rules .................................... 296
Subledger Journal Entry Rule Set Example ............................................ 297
Subledger Journal Entry Rule Sets Implementation Notes ....................... 298
Manage Journal Line Rules ................................................................... 299
Journal Line Rules Implementation Notes ............................................. 301
Defining Conditions ........................................................................... 302
Manage Mapping Sets .......................................................................... 304
Mapping Sets Implementation Notes .................................................... 305
Mapping Sets Best Practices ............................................................... 306
Manage Account Rules ......................................................................... 307
Account Rules Implementation Notes ................................................... 309
Account Rules Best Practices .............................................................. 310
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Defining Account Rule with Conditions Example ..................................... 311
Manage Description Rules ..................................................................... 314
Manage Description Rules Example ...................................................... 315
Description Rules Implementation Notes .............................................. 316
Manage Supporting References ............................................................. 317
Supporting References Implementation Notes ....................................... 319
Supporting References Best Practices ................................................... 320
Activate Subledger Journal Entry Rule Sets ............................................. 321
Define Accounting Methods Considerations ............................................. 322
Create and Process Subledger Journal Entries ............................................ 324
Creating Transactions .......................................................................... 326
Lesson 5: Highlights .............................................................................. 327
Lesson 6: Configuring Intercompany Processing Rules ........... 329
Lesson 6: Objectives ............................................................................. 330
Relevant Setup Tasks ............................................................................ 331
Configuring Intercompany ...................................................................... 332
Intercompany Overview ......................................................................... 333
Intercompany General Ledger Integration ............................................... 334
Intercompany Receivables and Payables Integration ................................ 335
Intercompany Key Features .................................................................. 337
Manage Intercompany Transaction Processing ........................................... 338
Manage Intercompany System Options................................................... 339
Intercompany System Options Key Decisions ........................................ 340
Manage Intercompany Transaction Types ............................................... 341
Manage Intercompany Period Status ...................................................... 342
Manage Intercompany Organizations ..................................................... 343
Intercompany Organizations Key Decisions ........................................... 344
Intercompany Organizations Implementation Notes ............................... 345
Intercompany Organizations Implementation Notes (cont'd).................... 348
Define Invoice Options ......................................................................... 349
Manage Intercompany Customer and Supplier Assignments .................... 350
Intercompany Customer and Supplier Assignments Implementation Notes 351
Manage Intercompany Receivables Assignments .................................... 352
Intercompany Receivables Assignments Implementation Notes ................ 353
Define Transaction Account Rules ............................................................ 354
Transaction Account Builder Components ............................................... 356
Intercompany Balancing ......................................................................... 358
Manage Intercompany Balancing Rules ................................................... 359
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Precedence Order of Balancing Rules ................................................... 360
Using Chart of Accounts Rules for Intercompany Balancing ..................... 362
Intercompany Balancing Key Decisions ................................................ 363
Intercompany Balancing Key Decisions (cont'd) ..................................... 364
Manage Ledger Balancing Options ......................................................... 366
Ledger Balancing Options Implementation Notes ................................... 367
Intercompany Challenges ..................................................................... 368
Intercompany Reconciliation ................................................................... 369
Reconciliation Reports .......................................................................... 370
Lesson 6: Highlights .............................................................................. 371
Lesson 7: Configuring Oracle Fusion Tax ................................. 373
Lesson 7: Objectives ............................................................................. 373
Understanding Oracle Fusion Tax ............................................................. 374
Define Transaction Taxes Overview ........................................................ 376
Oracle Fusion Tax Architecture .............................................................. 379
Tax Requirements Organization ............................................................. 381
Setting Up Foundation Tax Configuration .................................................. 382
Foundation Tax Components ................................................................. 384
Configuration Owners and Options ....................................................... 385
Tax Regimes .................................................................................... 386
Taxes .............................................................................................. 387
Tax Statuses .................................................................................... 388
Tax Jurisdictions ............................................................................... 389
Tax Rates ........................................................................................ 390
Examples of Foundation Tax Setup ........................................................ 391
Knowledge Check: Minimum Tax Configuration ........................................ 392
Knowledge Check: Minimum Tax Configuration Answer ............................. 393
Setting Up Advanced Tax Configuration .................................................... 394
Key Building Blocks of Tax Rules ........................................................... 396
Tax Determination Process ................................................................... 397
Determine Applicable Tax Regimes and Candidate Taxes ........................ 398
Determine Tax Applicability and Place of Supply and Tax Jurisdiction ........ 400
Determine Tax Registration ................................................................ 402
Determine Tax Status ........................................................................ 403
Determine Tax Rate .......................................................................... 404
Determine Taxable Basis .................................................................... 405
Determine Tax Calculation ................................................................. 406
Determine Tax Recovery .................................................................... 407
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Knowledge Check: Tax Determining Factors ............................................ 409
Knowledge Check: Tax Determining Factors Answer ................................. 410
Setting Up Tax Reporting Configuration .................................................... 411
Verifying Tax Configuration ..................................................................... 412
Lesson 7: Highlights .............................................................................. 414
Lesson 8: Configuring Oracle Fusion Payables ........................ 415
Lesson 8: Objectives ............................................................................. 415
Key Concepts in Oracle Fusion Payables .................................................... 416
Procure to Pay Flow ............................................................................. 416
Business Units in the Procure to Pay Flow ............................................... 417
Service Provider Model ......................................................................... 419
Service Provider Model Example ............................................................ 420
Knowledge Check: Business Units .......................................................... 421
Knowledge Check: Business Units Answers ............................................. 422
Supplier Model .................................................................................... 423
Supplier Site Assignment Example ......................................................... 425
Knowledge Check: Suppliers ................................................................. 427
Knowledge Check: Suppliers Answer ...................................................... 428
Invoice Entry Methods ......................................................................... 429
Implementation Considerations for Invoice Entry Methods ......................... 431
Function and Data Security ................................................................... 432
Job Roles and Duty Roles ..................................................................... 433
Data Security ..................................................................................... 434
Prerequisite Setups ............................................................................. 435
Defining Automated Invoice Processing Configuration ................................. 436
Automated Invoice Processing Flow ....................................................... 438
Defining Common Options for Payables and Procurement ............................ 440
Manage Payables Calendars .................................................................. 441
Manage Payment Terms ....................................................................... 443
Reference Data Sharing ..................................................................... 444
Predefined Payment Terms ................................................................. 446
Types of Payment Terms .................................................................... 447
Payment Terms Example .................................................................... 448
Manage Common Options for Payables and Procurement .......................... 449
Default Distributions .......................................................................... 450
Automatic Offsets ............................................................................. 452
Currency Conversion ......................................................................... 455
Expense Accruals .............................................................................. 457
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Self-Billed Invoices ........................................................................... 458
Legal Entity Information .................................................................... 459
Knowledge Check: Common Options .................................................... 460
Knowledge Check: Common Options Answers ....................................... 461
Defining General Payables Options ........................................................... 462
General Payables Options Terminology ................................................... 463
Manage Invoice Options ....................................................................... 465
Invoice Entry ................................................................................... 466
Matching ......................................................................................... 468
Discount .......................................................................................... 469
Prepayment ..................................................................................... 470
Approval .......................................................................................... 471
Interest ........................................................................................... 472
Payment Request .............................................................................. 474
Self-Service Invoices ......................................................................... 476
Manage Payment Options ..................................................................... 478
Account for Payment ......................................................................... 479
Manage Tax Reporting and Withholding Tax Options ................................. 481
Income Tax Reporting ....................................................................... 482
Withholding Tax ................................................................................ 483
Knowledge Check: General Payables Options .......................................... 485
Knowledge Check: General Payables Options Answers .............................. 486
Defining Payables Configuration .............................................................. 487
Manage Payables Lookups .................................................................... 488
Manage Payables Descriptive Flexfields .................................................. 489
Manage Payables Profile Options ........................................................... 490
Manage Payables Document Sequences .................................................. 492
Manage Distribution Sets ..................................................................... 494
Manage Invoice Tolerances ................................................................... 496
Manage Invoice Holds and Releases ....................................................... 498
Manage Aging Periods .......................................................................... 499
Defining Payables US 1099 Tax ............................................................... 500
Manage Tax Regions ............................................................................ 501
Manage Reporting Entities .................................................................... 503
Defining Payment Options ...................................................................... 505
Manage Interest Rates ......................................................................... 505
Invoice Approval Rules ........................................................................... 506
Invoice Request Approval ..................................................................... 507
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Invoice Approval ................................................................................. 508
Predefined Approval Task ..................................................................... 510
Defining Subledger Accounting Rules ........................................................ 512
Relevant Setup Tasks .......................................................................... 514
Payables Event Classes and Types ......................................................... 515
Lesson 8: Highlights .............................................................................. 516
Lesson 9: Configuring Oracle Fusion Payments - Payables ...... 517
Lesson 9: Objectives ............................................................................. 517
Setups and the Disbursements Process ..................................................... 518
Overview of Disbursements for Oracle Fusion Payments .............................. 520
Key Decision and Best Practices for Payment Processing ........................... 522
Key Decision and Best Practices for Organizational Structure ..................... 523
Key Decision and Best Practices for Payment Selection Criteria .................. 525
Configuring Payment System Connectivity .............................................. 527
Prerequisites for Configuring Payment System Connectivity ..................... 528
Format Concepts .............................................................................. 530
Manage Formats ............................................................................... 532
Key Decision and Best Practices for Using Formats ................................. 535
Transmission Configuration Concepts ................................................... 536
Manage Transmission Configurations ................................................... 537
Key Decision and Best Practices for Using Transmission Configurations ..... 539
Key Decision and Best Practices for Using Transmission Protocols ............ 540
Payment System Concepts ................................................................. 541
Manage Payment Systems.................................................................. 543
Key Decision and Best Practices for Using Payment Systems ................... 546
Defining Disbursements ....................................................................... 547
Prerequisites for Defining Disbursements .............................................. 549
Payment Method Concepts ................................................................. 551
Manage Payment Methods .................................................................. 552
Creating Usage Rules for Payment Methods .......................................... 554
Using Validations .............................................................................. 556
Creating or Assigning Validations to Payment Methods ........................... 558
Creating User Defined Validations ........................................................ 560
Choosing Predefined Validations .......................................................... 561
Key Decision and Best Practices for Validations ..................................... 562
Manage Payment Method Defaulting Rules ............................................ 564
Manage Payment Codes ..................................................................... 566
Prerequisites for Defining Payment Process Profiles ................................ 569
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Payment Process Profile Concepts ....................................................... 572
Manage Payment Process Profiles ........................................................ 574
Creating Usage Rules for a Payment Process Profile ............................... 577
Specifying a Payment System for an Electronic Payment Process Profile .... 579
Specifying Document Behavior for a Payment Process Profile ................... 581
Specifying Payment Behavior for a Payment Process Profile ..................... 583
Specifying Report Generation for a Payment Process Profile .................... 585
Manage Disbursement System Options ................................................ 587
Lesson 9: Highlights ............................................................................ 589
Lesson 10: Configuring Oracle Fusion Assets ........................... 591
Lesson 10: Objectives ............................................................................ 591
Understanding Oracle Fusion Assets ......................................................... 592
Oracle Fusion Assets Lifecycle ............................................................... 594
Implementing Oracle Fusion Assets ....................................................... 596
Planning Your Implementation .............................................................. 598
Inquiring About Your Company's History .............................................. 599
Obtaining Existing Asset Information ................................................... 600
Determining the Conversion Period ...................................................... 601
Decide on Oracle Assets Setups .......................................................... 602
Prerequisite Setup ............................................................................... 603
Oracle Fusion Assets Implementation Steps ............................................ 604
Managing Assets Key Flexfields and Value Sets .......................................... 606
Managing System Controls ..................................................................... 608
Defining Your System Controls .............................................................. 609
System Controls Implementation Considerations ..................................... 611
Knowledge Check: System Controls ....................................................... 612
Knowledge Check: System Controls Answer ............................................ 613
Managing Fiscal Years and Calendars ....................................................... 614
Defining Fiscal Years ............................................................................ 616
Fiscal Year Implementation Considerations ............................................. 618
Defining Asset Calendars ...................................................................... 619
Calendar Implementation Considerations ................................................ 621
Knowledge Check: Fiscal Years and Calendars ......................................... 623
Knowledge Check: Fiscal Years and Calendars Answer .............................. 624
Prorate Convention Concepts ................................................................ 625
Prorate Convention Implementation Considerations .................................. 627
Managing Asset Locations ....................................................................... 629
Location Key Flexfield Implementation Considerations .............................. 630
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Defining Asset Locations ...................................................................... 631
Managing Asset Books ........................................................................... 632
Asset Books and Ledgers, Subledgers, and Business Units ........................ 634
Asset Book Implementation Considerations ............................................. 636
Defining Your Asset Book: Multiple Depreciation Requirements .................. 637
Defining Your Asset Book: Multiple Currency Representations .................... 638
Defining Your Asset Book: Multiple Accounting Representations ................. 640
Implementation Questions .................................................................... 641
Implementation Questions (continued) ................................................... 642
Knowledge Check: Managing Asset Books ............................................... 643
Knowledge Check: Managing Asset Books Answer .................................... 644
Reference Data Sharing Across Asset Books ............................................ 645
Reference Data Sharing: US Company Example ....................................... 646
Reference Data Sharing: Multinational Company Example ......................... 647
Define Subledger Accounting Rules .......................................................... 648
Accounting Event Model ....................................................................... 650
Managing Asset Categories ..................................................................... 653
Defining Asset Categories ..................................................................... 654
Category Key Flexfield Implementation Considerations ............................. 656
Category Implementation Considerations ................................................ 658
Knowledge Check: Managing Asset Categories ........................................ 659
Knowledge Check: Managing Asset Categories Answer ............................. 660
Optional Implementation Steps ............................................................... 661
Managing Distribution Sets ................................................................... 662
Managing Profile Options ...................................................................... 663
Profile Options Settings ...................................................................... 664
Profile Options Settings (continued) ..................................................... 665
Profile Options Settings (continued) ..................................................... 666
Managing Lookups .............................................................................. 667
Managing Descriptive Flexfields ............................................................. 669
Managing Descriptive Flexfields (continued) .......................................... 671
Managing Descriptive Flexfields (continued) .......................................... 672
Managing Asset Keys ........................................................................... 673
Asset Key Flexfield Implementation Considerations ................................ 674
Knowledge Check: Managing Asset Keys .............................................. 675
Knowledge Check: Managing Asset Keys Answer ................................... 676
Managing Depreciation Rules ................................................................ 677
Defining Depreciation Methods ............................................................ 678
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Defining Depreciation Methods (continued) ........................................... 679
Defining Bonus Rules ......................................................................... 680
Defining Depreciation Ceilings ............................................................. 682
Knowledge Check: Depreciation Methods .............................................. 683
Knowledge Check: Depreciation Methods Answer ................................... 684
Lesson 10: Highlights ............................................................................ 685
Lesson 11: Configuring Oracle Fusion Expenses ....................... 687
Lesson 11: Objectives ............................................................................ 687
Overview of Oracle Fusion Expenses ........................................................ 688
Expense Reimbursement Flow ............................................................... 689
Knowledge Check: 1 ............................................................................ 691
Implementing Prerequisite Products ....................................................... 692
Setting Up Prerequisite Products ........................................................... 693
Setting Up Oracle Fusion Expenses ........................................................ 695
Configuring Expense Policies and Rules .................................................. 696
Define Expense Policies and Rules ....................................................... 697
Expense Template Concepts ............................................................... 698
Considerations for Defining Expense Templates ..................................... 700
Using Expense Templates ................................................................... 701
Defining Default Expense Templates .................................................... 702
Inactivating Expense Templates .......................................................... 705
Specifying a Receipt Required Policy .................................................... 706
Conversion Rate Policy Concepts ......................................................... 707
Specifying a Conversion Rate Policy ..................................................... 708
Knowledge Check: 2 .......................................................................... 711
Knowledge Check: 3 .......................................................................... 712
Knowledge Check: 4 .......................................................................... 713
Knowledge Check: 5 .......................................................................... 714
Expenses System Options Concepts ..................................................... 715
Manage Expenses System Options ....................................................... 716
Manage Expense Report Approval Rules ............................................... 718
Approval Rules Overview.................................................................... 720
Considerations for Configuring Approval Rules ....................................... 722
Configuring Approval Rules................................................................. 724
Configuring Credit Card Data ................................................................ 726
Define Credit Card Data ..................................................................... 727
Overview of Corporate Card Transaction Processing ............................... 728
Manage Corporate Card Issuers .......................................................... 730
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Configuring Corporate Card Issuers ..................................................... 733
Corporate Card Programs Concepts ..................................................... 734
Manage Corporate Card Programs ....................................................... 735
Configuring Corporate Card Programs .................................................. 736
Specifying a Corporate Card Usage Policy ............................................. 739
Lesson 11: Highlights ............................................................................ 742
Lesson 12: Configuring Oracle Fusion Receivables ................... 743
Lesson 12: Objectives ............................................................................ 743
Key Concepts in Oracle Fusion Receivables ............................................... 744
Order to Cash ..................................................................................... 744
Receivables Process............................................................................. 746
Prerequisite Setups for Oracle Fusion Receivables ...................................... 747
Define Implementation Project and User Assignments .............................. 749
Knowledge Check: Implementation Project and User Assignments .............. 752
Knowledge Check: Implementation Project and User Assignments Answer ... 753
Define Users for Credit Memo Workflow .................................................. 754
Define Subledger Accounting Rules ........................................................ 755
Accounting Event Model ..................................................................... 757
Relevant Setup Tasks ........................................................................ 760
Simple Configuration for Oracle Fusion Receivables .................................... 761
Set Billing and Revenue Receivables System Options ................................ 763
Set System Options for Salespersons ..................................................... 764
Set System Options for Transactions and Accounting ................................ 766
Set Cash Processing Receivables System Options..................................... 768
Set Cash Processing Receivables System Options for Accounting ................ 771
Define Receivables Activities ................................................................. 773
Receivables Activity Setup .................................................................... 776
Receivables Activities Tax Rate Code Source Usage .................................. 778
Define AutoAccounting Rules ................................................................ 780
AutoAccounting Rules Table Names and Constant Values .......................... 782
Define Receipt Classes and Receipt Methods ........................................... 784
Defining Receipt Classes ...................................................................... 786
Defining Remittance Banks for Receipt Methods ....................................... 788
Define Remit-to Addresses ................................................................... 789
Define Approval Limits ......................................................................... 791
Define Statement Cycles ...................................................................... 793
Knowledge Check: Simple Configuration to Operate Receivables ................ 795
Knowledge Check: Simple Configuration to Operate Receivables Answers .... 796
xv
Implementation Considerations for Transactions ........................................ 797
Define Transaction Types ..................................................................... 798
Using Natural Application ..................................................................... 801
Define Payment Terms ......................................................................... 803
Define Transaction Sources .................................................................. 805
Set Up Document Sequences in Receivables ............................................ 808
Set Up Balance Forward Billing .............................................................. 810
Define Memo Lines .............................................................................. 812
Implement AutoInvoice ........................................................................ 814
Setting Up for AutoInvoice ................................................................... 816
Implementation Considerations for Receipts .............................................. 819
Define AutoCash Rules ......................................................................... 820
Define Application Rules ....................................................................... 822
Define AutoMatch Rules ....................................................................... 824
Define Receipt Application Exception Rules ............................................. 827
Implementation Considerations for Lockbox ............................................ 829
Best Practices for Automatic Receipts ..................................................... 832
Best Practices for Automatic Receipt Application ...................................... 834
Implementation Considerations for Revenue Management ........................... 835
Settings for Revenue Recognition .......................................................... 836
Revenue Scheduling Rules .................................................................... 838
Define Revenue Policies ....................................................................... 840
Define Revenue Contingencies .............................................................. 842
Knowledge Check: Additional Implementation Considerations .................... 844
Knowledge Check: Additional Implementation Considerations Answers ........ 845
Customers and Parties ........................................................................... 846
Manage Customers .............................................................................. 848
Manage Customer Profile Classes .......................................................... 850
Lesson 12: Highlights ............................................................................ 852
Lesson 13: Configuring Oracle Fusion Payments – Receivables 853
Lesson 13: Objectives ............................................................................ 853
Setups and the Funds Capture Process ..................................................... 854
Overview of Funds Capture for Oracle Fusion Payments .............................. 856
Defining Funds Capture ........................................................................ 858
Prerequisites for Defining Funds Capture .............................................. 860
Funds Capture Concepts .................................................................... 865
Manage Funds Capture Payment Methods ............................................. 867
Key Decision and Best Practices for Funds Capture Payment Methods ....... 869
xvi
Manage Funds Capture Process Profiles ................................................ 871
Formatting Messages ......................................................................... 872
Building Settlements into a Settlement Batch ........................................ 874
Transmitting Messages to the Payment System ..................................... 875
Manage Internal Payees ..................................................................... 877
Creating and Assigning Routing Rules to Internal Payees ........................ 879
Key Decision and Best Practices for Internal Payees ............................... 882
Defining Payments Security .................................................................. 883
Prerequisite for Defining Payments Security .......................................... 884
Security Options Concepts .................................................................. 886
Manage System Security Options ........................................................ 887
Key Decision and Best Practices for Security ......................................... 889
Key Decision and Best Practices for Encryption and Masking .................... 890
Encrypting Credit Card Data ............................................................... 891
Encrypting Bank Account Data ............................................................ 892
Rotating the System Key ................................................................... 893
Masking Credit Card and Bank Account Numbers ................................... 895
Lesson 13: Highlights .......................................................................... 896
Lesson 14: Configuring Oracle Fusion Advanced Collections .... 897
Lesson 14: Objectives ............................................................................ 897
Oracle Fusion Advanced Collections .......................................................... 898
Collections Overview and Process .......................................................... 899
Define Collections in Setup Manager ...................................................... 901
Related Fusion Applications Requirements .............................................. 903
Manage Aging Methods .......................................................................... 904
Manage Collectors ................................................................................. 906
Setting Up Collectors ........................................................................... 907
Manage Dunning Configurations .............................................................. 909
Seeded Dunning Configurations ............................................................. 911
Creating Dunning Configurations ........................................................... 915
Manage Collections Preferences ............................................................... 917
Configuring Collections Preferences ....................................................... 918
Optional Implementation Configurations ................................................... 920
Manage Collections Lookups ................................................................. 921
Manage Collections Note Types and Mapping ........................................... 923
Managing Note Descriptive Flexfields ..................................................... 924
Lesson 14: Highlights ............................................................................ 925
xvii
Lesson 15: Configuring Oracle Fusion Cash Management ......... 927
Lesson 15: Objectives ............................................................................ 927
Oracle Fusion Cash Management ............................................................. 928
Cash Management Overview ................................................................. 929
Define Cash Management in Setup Manager ............................................ 931
Set Up Banks, Branches, and Accounts ..................................................... 933
Manage Banks .................................................................................... 936
Manage Branches ................................................................................ 937
Manage Accounts ................................................................................ 938
Define Bank Statement Processing ........................................................... 943
Manage Bank Statement Transaction Codes ............................................ 944
Create and Edit Bank Statement Transaction Codes ................................. 945
Manage Parsing Rule Sets .................................................................... 948
Create Parse Rules .............................................................................. 949
Payment Setups for Bank Statement Processing ...................................... 952
Define Bank Statement Reconciliation ...................................................... 953
Manage Cash Transaction Type Mapping ................................................. 954
Create Mapping .................................................................................. 956
Manage Bank Statement Reconciliation Tolerance Rules ............................ 958
Create Tolerance Rules ........................................................................ 960
Manage Bank Statement Reconciliation Matching Rules ............................. 963
Create Matching Rules ......................................................................... 964
Manage Bank Statement Reconciliation Rule Sets .................................... 966
Create Rule Sets ................................................................................. 968
Manage Bank Statement Transaction Creation Rules ................................ 970
Create, Edit, and View Transaction Creation Rules ................................... 972
Define Subledger Accounting Rules for Cash Management ........................... 975
Accounting Event Model ....................................................................... 977
Relevant Setup Tasks .......................................................................... 980
Lesson 15: Highlights ............................................................................ 981
Lesson 16: Appendix ................................................................ 983
Appendix Content .................................................................................. 984
Common Applications Additional Topics .................................................... 985
Getting Started with an Implementation ................................................. 986
Getting Started Objectives ................................................................. 987
Overview of Getting Started ............................................................... 988
Prepare the Super User ...................................................................... 991
Define Implementation Users .............................................................. 994
xviii
Getting Started Highlights .................................................................. 995
Getting Started Reference Resources ................................................... 996
Define Application Toolkit Configuration .................................................. 997
Lesson Objectives ............................................................................. 998
Reports and Analytics Pane ................................................................ 999
Map Reports to Work Areas .............................................................. 1000
Watchlist ....................................................................................... 1001
Set Watchlist Options: Disabling Items and Categories ......................... 1003
Set Watchlist Options: Defining Refresh Intervals ................................ 1005
Rename Predefined Categories and Items ........................................... 1006
Reference Resources ....................................................................... 1007
Highlights ...................................................................................... 1008
Define Approval Management ............................................................. 1009
Lesson Objectives ........................................................................... 1010
Approval Management Overview ....................................................... 1011
Key Concepts ................................................................................. 1013
Example ........................................................................................ 1015
Manage Task Configurations ............................................................. 1017
Data Driven Tab ............................................................................. 1019
Event Driven Tab ............................................................................ 1022
Manage Approval Groups ................................................................. 1024
Reference Resources ....................................................................... 1026
Highlights ...................................................................................... 1027
Define Attachments ........................................................................... 1028
Key Concepts ................................................................................. 1029
Manage Attachment Categories ......................................................... 1031
Attachment Category Security .......................................................... 1032
Example ........................................................................................ 1033
Define Custom Enterprise Scheduler Jobs ............................................. 1034
Lesson Objectives ........................................................................... 1035
Manage Job Definitions .................................................................... 1036
Manage List of Values Sources .......................................................... 1037
Reference Resources ....................................................................... 1038
Highlights ...................................................................................... 1039
Define Document Sequences .............................................................. 1040
Document Sequence ....................................................................... 1041
Document Sequence Types .............................................................. 1042
Document Sequence Categories ........................................................ 1043
xix
Document Sequence Assignment ....................................................... 1044
Define Help Configuration ................................................................... 1045
Lesson Objectives ........................................................................... 1046
Set Help Options ............................................................................. 1047
Assign Help Text Administration Duty ................................................ 1048
Manage Help Security Groups ........................................................... 1049
Reference Resources ....................................................................... 1050
Highlights ...................................................................................... 1051
Define Flexfields ............................................................................... 1052
Flexfield Concepts ........................................................................... 1053
Value Sets ..................................................................................... 1057
Descriptive Flexfields ....................................................................... 1059
Extensible Flexfields ........................................................................ 1060
Extensible Flexfield Example ............................................................. 1061
Key Flexfields ................................................................................. 1063
Tips for Managing Key Flexfields ....................................................... 1065
Flexfield Implementation Flow .......................................................... 1066
Flexfield Highlights .......................................................................... 1068
Flexfield Reference Resources ........................................................... 1069
Define Lookups ................................................................................. 1070
Key Concepts ................................................................................. 1071
Manage Lookups ............................................................................. 1074
Manage Menu Customizations ............................................................. 1076
Define Profile Options ........................................................................ 1077
Profile Options ................................................................................ 1078
Profile Option Categories .................................................................. 1079
Profile Option Levels and Values ........................................................ 1080
Profile Options for Common Set Up .................................................... 1082
Define Security ................................................................................. 1083
Security Key Concepts ..................................................................... 1084
Role-Based Access Control ............................................................... 1085
Function and Data Security .............................................................. 1088
Access Provisioning and Identity Management ..................................... 1090
Security Reference Implementation ................................................... 1091
Defining Data Security ..................................................................... 1092
Data Security Policies ...................................................................... 1093
Data Role Templates ....................................................................... 1096
Data Role and HCM Security Profiles .................................................. 1097
xx
xxi
Defining Users Overview .................................................................. 1098
Creating Users and Importing Users .................................................. 1100
Provisioning Users with Roles............................................................ 1101
Role Provisioning Events .................................................................. 1102
Define Security Highlights ................................................................ 1103
Security Reference Resources ........................................................... 1104
Define Trees ..................................................................................... 1105
Trees ............................................................................................ 1106
Tree Structures .............................................................................. 1107
Tree Node ...................................................................................... 1108
Tree Label ..................................................................................... 1109
Tree Versions ................................................................................. 1110
Manage Messages ............................................................................. 1111
Editing Message Text ....................................................................... 1112