Oracle Financials Cloud: Financials Overview

Oracle Financials Cloud: Financials Overview

Description: This Oracle Financials Cloud: Financials Overview training teaches end users and managers how to create journal entries, enter, perform period close, run financial reports, maintain suppliers, process invoices, process payments, maintain customers, perform customer billing, process receipts, reconcile bank statements, and create accounting. This course ensures you get a broad understanding of how Oracle Fusion Financials work on the Cloud.

Learn To:

• Identify the key concepts of Oracle Fusion Financials and how your role is critical to the processes
• Navigate the applications and use the Oracle Fusion Functional Setup Manager (FSM) to maintain Oracle Fusion General Ledger, Payables, Receivables, Subledger Accounting, and Cash Management
• Identify the key common applications configurations for Financials
• Create and post journal entries
• Perform period close for General Ledger
• Use the Financial Report Center by running Financial ReportsExplain the supplier model and how to create and maintain suppliers
• Use the Invoice work area to process manual invoices
• Use Payments to process payments to your suppliers
• Explain the customer model and how to create and maintain customers
• Manage customer billing and process customer payments
• Reconcile bank statements
• Create accounting, run reports and close a period

Duration: 5 Days

Course Objectives:

• Setting up and maintaining customers
• Navigate the Fusion Applications and use the Oracle Functional Setup Manager (FSM)
• Discuss the key concepts of enterprise structures, ledgers, business units, and data reference sets
• Creating journal entries
• Managing customer billing
• Performing a bank account reconciliation
• Setting up and maintaining suppliers
• Identify the key concepts of Oracle Financials Cloud
• Using the Financial Reporting Center
• Entering a manual Payables invoice
• Creating a payment
• Understanding the create accounting process
• Performing period close for GL
• Processing customer payments

Audience:

• Accountant
• Administrator
• Cloud User
• End Users
• Financial Reporting Manager
• Financial Reporting Managers

Prerequisites:

Topics:

Oracle Fusion Cloud: Financials Overview Introduction

• Explaining the Available Resources
• Understanding the Course Schedule
• Discussing Oracle Financials Cloud Applications
• Understanding Key features of Oracle Financials Cloud Applications

Introducing Oracle Fusion Navigation and the Functional Setup Manager

• Navigating Oracle Fusion Applications
• Exploring Dashboards
• Examining Panels
• Understanding the Financials User Experience
• Describing Personalizations
• Understanding the Functional Setup Manager for Ongoing Maintenance

Common Applications Configurations and the Vision Story

• Understanding Legal Structures
• Describing Financial Reporting Structures
• Discussing Ledgers
• Explaining Business Unit Features
• Understanding the Service Provider Model
• Explaining Reference Data Sets and Business Functions
• Discussing Reference Data Sharing
• Describing the Vision Corporation Story

Creating Journal Entries

• Describing the Accounting Cycle
• Managing Journal Sources and Categories
• Entering and Posting Journal Entries
• Creating and Reversing Journal Entires
• Understanding Infolets
• Performing Inquires and Drill Down to Subledgers

Performing Period Close

• Discussing the Close Monitor
• Opening and Close Periods
• Allocating Balances
• Managing Revaluations
• Running Translations
• Importing Journal Entries
• Reconciling Balances

Using the Financial Reporting Center

• Describing the Features of the Financial Reporting Center
• Understanding the GL Balances Cube
• Viewing an Account Group and Use the Sunburst Visualization Tool
• Analyzing Data in Smart View
• Creating Financial Reports Using the Financial Reporting Studio

Payables Overview and Suppliers

• Explaining the Key Features of Payables
• Understanding the Supplier Model
• Discussing Supplier Sites
• Creating a Supplier

Payables Invoicing

• Understanding the Invoice Process
• Describing the Invoice Types and Components
• Explaining the Various Methods for Entering Invoices
• Using the Invoice Work Area

Payables Payments

• Explaining the Setup and Maintenance of Banks, Branches, and Bank Accounts
• Describing the Key Concepts of Payments
• Understanding the Payment Process Flow
• Describing and Perform a Payment Process Request

Receivables Overview and Customers

• Understanding Receivables Key Features
• Describing the Customer Model
• Discussing Customer Profile Classes
• Creating a Customer

Managing Customer Billing

• Describing How to Create and Process Transactions
• Managing the AutoInvoice Process
• Understanding the Recurring Billing Feature
• Printing Receivables Transactions

Processing Customer Payments

• Defining a Receipt Class
• Explaining Receipt Processing
• Applying Customer Payments

Cash Management Overview

• Describing the Integration of Cash Management with Oracle Cloud Applications
• Explaining Bank Statement Processing and Reconciliation
• Performing Automatic Reconciliation

Subledger Accounting Overview: Create Accounting

• Describing Subledger Accounting
• Submitting the Create Accounting Process

Appendix A: Managing Intercompany Transactions

• Creating Intercompany Transactions from the User Interface
• Creating Intercompany Transactions from Allocations
• Running Intercompany Reconciliation
• Creating Intercompany Transactions Using a Spreadsheet

Appendix B: Assets

• Describing Asset Books
• Explaining Asset Additions
• Understanding Asset Depreciation