03a FinancialsDay1

Welcome to the Oracle
Financials Cloud Workshop
Copyright 2014, Oracle and/or its affiliates. All rights reserved. |
Who is speaking to you today?

Today, its me, Chris Venezia
from Oracles Platform Technology

Solutions (PTS) partner engagement team.
Later in the week, Sreeni Devireddy will join
us to present several topics.
Copyright 2014 Oracle and/or its affiliates. All rights reserved. |
Chris Venezia,
Welcome to the R9: Oracle Financial Cloud Implementation Training Partner Training
Please see below for details on your Oracle FIN Cloud Environment.
Note that password is reset on a weekly basis. Access to your environment will permanently end on FRIDAY 13FEB-2015. Contact oracle-development_ww@oracle.com if you have any questions.
IMPORTANT: The use of training environment is covered by the Oracle Cloud Training Addendum. Click here to
review the terms and conditions. The environment must be used within your Oracle Practice only and not for
external customer demo. Please work with the Oracle Account team for customer-specific demo requirements.
System Name: ERP SI Training 021 (fap0316)
URL: https://adc-fap0316-fin.oracledemos.com/ledger/faces/FinancialsFusionHome
User Account: FAS09.Student
Password: kAF88848
http://cloud.oracle.com
General Ledger Architecture
Fusion Functional Setup Manager (FSM)

Release 9
Functional Setup Manager - Demo
Oracle Fusion Enterprise Structures

Release 9
Fusion Enterprise Structure Model

Vision Holding Company LE
(BSV 10)
Enterprise
US Ledger
Ledgers
Legal Entities (LE)
(BSVs)
Business Units (BU)

Accounting Business Function
US West LE
(01)
UK Ledger
Canada LE
(21)
UK LE
(31)
Canada BU
(Req & Invoicing)
UK BU
(Req & Invoicing)
US East LE
(02)
US BU
(Req & Invoicing)
SSC BU
(Purchasing)
Purchasing Business Function
Inventory Orgs (IO)
Canada Ledger
US West IO
US East IO
Holding IO
Canada IO
UK IO
Overview
Financial Enterprise Structures
Financial enterprise structures are the entities that define the

reporting, legal and business aspects of your enterprise
Financial Enterprise Structures
Financial reporting
structures
- Charts of accounts
- Calendars
- Currencies
Ledgers and
accounting
configurations
19
Legal entities
Business units
- Legal jurisdictions
and authorities
- Legal reporting units
- Legal entities
- Business units and

business functions
- Reference data sets
Chart of Accounts Design

Chart of accounts structure
Chart of accounts structure instance

Segments
Segments
Value Set
Labels
Labels
Default
value set
(can override)
Values
Default value set
Account
hierarchies
Primary balancing
segment
Second balancing
segment
Segment
value
security
Third balancing
segment
Account
combinations
Natural account
segment
Cross
validation
rules
Intercompany
segment
Cost center
segment
20
Example: Chart of accounts structures and instances
Chart of accounts structure
Primary
balancing
segment
Second
balancing
segment
Company
Department
Company
value set
Department
value set
Dynamic account
creation disabled
Company
value set
Department
Management
Hierarchy
Account
Account
value set
Subsidiary chart of accounts
Department
Department
value set
Dynamic account
creation enabled
Corporate chart of accounts
Company
Natural
account
segment
Account
Account
value set
Company
Account
Hierarchy
21
Company
value set
Department
Department
value set
Department
Geographical
Hierarchy
Account
Account
subsidiary
value set
Account
Hierarchy
Legal entity registrations
Legal entity
Legal entity
Register your legal entity with legal authorities

in the jurisdictions where you conduct business.
Jurisdiction
Registration number
Legal address
Issuing legal authority
Legal reporting unit

Legal
registrations
entity
Legal reporting
units
Register your legal reporting units

with legal authorities to meet
reporting requirements in each local
area
23
Flexible Procurement Models

Decentralized
Request
Source
Centralized Sourcing, Local Execution

Buy
Pay
Request
BU 1
BU 1
BU 2
SSC
Complete Shared Services
BU 2
Pay
Source
Buy
Transfer Procurement to Local Business Unit

Pay
Request
Source
Buy
Pay
BU 1
BU 1
SSC
Buy
BU 2
BU 3
Request
Source
Intra-co.
Invoicing
SSC
BU 2
Intra-co.
Invoicing
Sharing Reference Data
EBS OU based partitioning for both transactional and reference data
Reference
Data
Operating Unit
Transactional
Data
OU Partitioned Tables
Copyright 2014 Oracle and/or its affiliates. All rights reserved. | Oracle Confidential Internal/Restricted/Highly Restricted
27
Sharing Reference Data
Fusion - Separation of Reference Data from Organizational Partition

Reference Data Set Partitioned Tables
Reference
Data
Reference
Data Set
Operating Unit Partitioned Tables

Transactional
Data
Business Unit
28
Shared Data Objects

Grades
Jobs
Locations
Departments
Customer Account Relationship
Customer Account Site
Sales Person
Sales Method Group
Assessment Templates
Contract Types
Sales Method
Activity Templates
Accounting Rules
Aging Buckets
Auto Cash Rules
Collectors
Lockbox
Memo Lines
Payment Terms
Remit To Address
Revenue Contingencies
Transaction Source
Transaction Type
Collections Setups
Dunning Plans
Tax Classification Codes
Performance Templates
Project and Contract Billing
Project Accounting Definition
Project Rates
Hold Codes
Orchestration Process
29
Reference Data Sets (example Location Data Set)
London
Manchester
Bristol
32
33
Assign Default Set to Business Unit
34
Assign Set to Business Unit
35
36
Oracle Fusion General Ledger

Release 9
General Ledger Architecture
Every ledger is identified by 4 basic components, and a set of ledger processing

options
Ledger options
Optional ledger components to

Chart of accounts
Currency
customize journal, period close and

balancing processing. For example:
Enable average balance processing
Enable Intercompany accounting
Period close options
Enable journal approval
Accounting calendar
Accounting Method
Ledger
Journal balancing options

Journal import options
The accounting method defines the set of accounting rules (e.g. accrual basis, cash basis)
used in Fusion Subledger Accounting to record the financial impact of subledger transactions
46
There are 3 types of ledgers in Fusion General Ledger

Primary ledger the main record-keeping ledger and a required component in your
setup. Every accounting configuration is uniquely identified by its primary ledger. The
primary ledger is closely associated with the subledger transactions and provides
context and accounting for them.
Secondary ledger an optional ledger linked to a primary ledger for the purpose of
tracking alternative accounting. A secondary ledger can differ from its primary ledger
in its chart of accounts, accounting calendar, currency, accounting method or
processing options.
Reporting currency an optional, additional currency representation of a primary or
secondary ledger. A reporting currency can differ from its source ledger in its currency
and some processing options, but shares the same chart of accounts, accounting
calendar and accounting method with it.
47
Secondary ledgers
A secondary ledger is linked to a primary ledger, and can be maintained at one of
four data conversion levels
Balance level only general ledger balances are maintained in this secondary ledger via
the Transfer Balances to Secondary Ledger process
Journal level the General Ledger Posting process transfers the journal entries to the
secondary ledger
Subledger level the Subledger Accounting engine creates the subledger journals to both
the primary and secondary ledger; the Posting process transfers the remaining journal
entries to the secondary ledger
Adjustment only incomplete accounting representation that only holds adjustments
(manual, or automated from Subledger Accounting); it must share the same chart of
accounts, accounting calendar and currency as its primary ledger
48
Reporting currencies
A reporting currency is linked to a primary or secondary ledger, and can be
maintained at one of three data conversion levels
Balance level only general ledger balances are maintained in the reporting
currency via the Translation process
Journal level the General Ledger Posting process transfers the journal entries
to the reporting currency
Subledger level the Subledger Accounting engine creates the subledger
journals to the reporting currency; General Ledger converts the remaining
journal entries to the reporting currency during the Posting process.
49
Key Product Features Fusion General Ledger

Journals
Extensive spreadsheets for entering journals and
correcting journal import errors
Multi-currency journals
Journal copy
Robust, wizard-like allocations with Calculation Manager
Recurring Journals/Allocations across periods and across
ledgers
Greater collaboration with Oracle Social Network
integration
Watch this video about Oracle Social Network integration in Fusion

Financial Applications
Multi-Currency & Multi-GAAP

Translation, revaluations, and currency conversion
Spreadsheet-based currency rates upload (daily and
historical rates)
Support for multiple accounting representations (i.e.,
IFRS and local rules)
Productivity
Role-based dashboards and work areas that:
Proactively monitor transactions and push work to
users
Allow collaboration with participants
Monitor account balances
Monitor the close status across ledgers/subledgers
Balancing segment value assignments

Best practices recommend that you assign specific balancing segment values to
each legal entity in your accounting configuration
Helps you identify legal entities during transaction processing and reporting, and
eases your requirement to account for your operations to regulatory agencies
and tax authorities
If you do not assign any balancing segment values to your legal entities, then all
balancing segment values will be available for transaction processing
55
Key Product Features Fusion General Ledger

Close Monitor
Implementation Considerations
Accounting Calendar
Budget Upload
Always create a few extra periods in advance of the initial

period. You cannot change the calendar later.
Best practice is to always use the ADFdi spreadsheet Create

Budgets via Spreadsheet task in the GAM Dashboard.
Foreign currency translation cannot be performed in the

initial period opened for your ledger. Consider defining a
complete prior year.
The following are ignored for Budget Upload to the Essbase

Cube:
Do not change the name of the period after you have

opened the period.
Cross Validation Rules

Segment Value Security Rules
Data Access Set Security
Currency Translation
Note: Only Budget Scenario Security is followed
You must first define a balance level reporting currency

BEFORE you run translation in the target currency.
Implementation Consideration
Hierarchies Foundation of Reporting
Oracle Fusion Applications Financials Rapid Implementation

What is Rapid Implementation?

A way to get customers live in the minimum amount of time
Capture the absolute minimum amount of data required
Use the 80/20 rule
Default the most common options
Hide complex and advanced set up
Advanced configurations can be added later where required
Also applicable for setting up Demos, Test envs., Conference Room Pilots, etc
Copyright 2012, Oracle and/or its affiliates. All rights reserved. Oracle Proprietary and Confidential
Financials Rapid Implementation

We now offer Financials Rapid Implementation for customers to
minimize the time needed to complete your key setups based on most common use cases
How is the Rapid Implementation different?

Focus on critical setup steps and setup for most commonly used features
Streamlined Configuration Template

Spreadsheet Interface for setting up
Enterprise Structures,
Banks, Branches, and Accounts
Simplified set up experience with many fields defaulted to most common

use cases
Leverage native and familiar spreadsheet functionality for data entry and
data review
Spreadsheet Interface for

setting up Taxes
Leverage native and familiar spreadsheet functionality for data entry and
data review
Enterprise Structures Setup

You can now rapidly implement your enterprise structures by creating the following setup objects in
a spreadsheet interface:
Chart of accounts, including value sets, value set values, structures, and structure instances
Account hierarchies including trees and tree versions
Accounting calendars
Legal entities including legal addresses, registrations, and identifiers
Primary ledgers with legal entity assignments to primary balancing segment values
Business Units
Account Defaulting
Financial Sequences
New Tasks Within Activity

1.Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet
Download the rapid implementation spreadsheet template.
Populate the setup data and generate two zip files (ChartOfAccounts.zip and FinancialsCommonEntities.zip)
2.Upload Chart of Accounts:

Invoke the Create Enterprise Structure process from the Scheduled Process page
Upload your first file, ChartOfAccounts.zip as parameter to the process
3.Deploy Chart of Accounts:

Open the Manage Chart of Accounts Instance page.
Select the chart of accounts and deploy the chart of accounts
4.Upload Ledger, Legal Entities, and Business Units:

Invoke the Create Enterprise Structure process from the Scheduled Process page with the upload data file as a
parameter.
Upload your second file, FinancialsCommonEntities.zip as parameter to the process
Rapid Implementation Account Combinations

Creates account combinations for your chart of accounts using a spreadsheet when you disable dynamic
insertion
Allows you to create account combinations in a spreadsheet template in advance of transaction entry
Ensures that only prevalidated account combinations are created
Rapid Implementation Cross Validation Rules

Streamlines the implementation of chart of accounts rules for account validation with convenient Rapid
Implementation spreadsheet interface.
Uses spreadsheet productivity features such as copy and paste to expedite the entry of large volumes of
cross-validation rules.
Rapid Implementation Segment Value Security

Streamlines the implementation of your
security rules to control access with the
convenient spreadsheet interface
Uses spreadsheet productivity features
such as copy and paste to expedite the
entry of large volumes of security rules
Automatically creates & assigns security
rules to custom roles
How to Use
Prepare data in spreadsheet and generate the xml file to be loaded.
New Features
Tax Rapid Implementation Features
Enables
Enhanced Fusion Tax User Interfaces (UIs) and

Underlying Services
Spreadsheet Access for Tax Setup Automation
Spreadsheet Downloads
Offline Spreadsheet Preparation of Tax Setups

for Optimal User Flexibility
Spreadsheet Uploads
Automated Completion of Setups in Fusion Tax
Flexibility to Create and Edit Tax Setups in Fusion Tax

UIs
Desired Expansion of Uploaded and NonUploaded Tax Setups
What Next?
We are not finished, this is an ongoing project
We will add more spreadsheet loaders
We will further optimize the process
More help and guidance on best practice and implications of choosing
certain options
Enhancements based on feedback from the field
Activities
75

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Welcome to the Oracle

Financials Cloud Workshop

Copyright 2014, Oracle and/or its affiliates. All rights reserved. |

Who is speaking to you today?

from Oracles Platform Technology

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

General Ledger Architecture

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Fusion Functional Setup Manager (FSM)

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Functional Setup Manager - Demo

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Oracle Fusion Enterprise Structures

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Fusion Enterprise Structure Model

Business Units (BU)

Purchasing Business Function

Inventory Orgs (IO)

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Financial Enterprise Structures

Financial enterprise structures are the entities that define the

- Business units and

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Chart of Accounts Design

Chart of accounts structure instance

Default value set

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Example: Chart of accounts structures and instances

Chart of accounts structure

Subsidiary chart of accounts

Corporate chart of accounts

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Legal entity registrations

Register your legal entity with legal authorities

Legal reporting unit

Register your legal reporting units

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Flexible Procurement Models

Centralized Sourcing, Local Execution

Complete Shared Services

Transfer Procurement to Local Business Unit

Sharing Reference Data

EBS OU based partitioning for both transactional and reference data

Sharing Reference Data

Fusion - Separation of Reference Data from Organizational Partition

Operating Unit Partitioned Tables

Shared Data Objects

Reference Data Sets (example Location Data Set)

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

Assign Default Set to Business Unit

Assign Set to Business Unit

Oracle Fusion General Ledger

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |

General Ledger Architecture

Copyright 2014 Oracle and/or its affiliates. All rights reserved. |