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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

i

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

ii

Legal Entity Considerations .................................................................. 95

Legal Entity Decisions 1 ....................................................................... 96




Legal Entity Decisions 5 ..................................................................... 100





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

iii

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

iv

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

v

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 5: Configuring Oracle Fusion Subledger Accounting .... 279


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

vi

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 6: Configuring Intercompany Processing Rules ........... 329


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

vii

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 7: Configuring Oracle Fusion Tax ................................. 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

viii

Knowledge Check: Tax Determining Factors ............................................ 409

Knowledge Check: Tax Determining Factors Answer ................................. 410

Setting Up Tax Reporting Configuration .................................................... 411

Verifying Tax Configuration ..................................................................... 412


Lesson 8: Configuring Oracle Fusion Payables ........................ 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

ix

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

x

Invoice Approval ................................................................................. 508

Predefined Approval Task ..................................................................... 510

Defining Subledger Accounting Rules ........................................................ 512


Payables Event Classes and Types ......................................................... 515


Lesson 9: Configuring Oracle Fusion Payments - Payables ...... 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

xi

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

xii

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

xiii

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 11: Configuring Oracle Fusion Expenses ....................... 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

xiv

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 12: Configuring Oracle Fusion Receivables ................... 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 13: Configuring Oracle Fusion Payments – Receivables 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

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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


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


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Lesson 15: Configuring Oracle Fusion Cash Management ......... 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



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


Highlights ...................................................................................... 1027

Define Attachments ........................................................................... 1028

Key Concepts ................................................................................. 1029

Manage Attachment Categories ......................................................... 1031

Attachment Category Security .......................................................... 1032

Example ........................................................................................ 1033

Define Custom Enterprise Scheduler Jobs ............................................. 1034


Manage Job Definitions .................................................................... 1036

Manage List of Values Sources .......................................................... 1037


Highlights ...................................................................................... 1039

Define Document Sequences .............................................................. 1040

Document Sequence ....................................................................... 1041

Document Sequence Types .............................................................. 1042

Document Sequence Categories ........................................................ 1043

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Document Sequence Assignment ....................................................... 1044

Define Help Configuration ................................................................... 1045


Set Help Options ............................................................................. 1047

Assign Help Text Administration Duty ................................................ 1048

Manage Help Security Groups ........................................................... 1049


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

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