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Enterprise Structure in Fusion Application – a backbone of Your Financials Implementation

The Enterprise Structures configuration deals with creating your GL structure & can be complete manually or using Enterprise Configurator, which is an interview-based tool to guide through the process of setting up a basic enterprise structure. By answering questions about enterprise, the tool creates a structure of divisions, legal entities, business units, and reference data sets that reflects your enterprise structure. Before we start looking at details of Enterprise structure, below is the Overall process in Fusion GL which will use the enterprise structure. 

Financial enterprise structures are the entities that define the reporting, legal and business aspects of your enterprise

Enterprise structure now has a definition & an instance to allow users define various accounting representation. 

Chart of accounts structure:

Building block of chart of accounts implementation, geared towards flexibility, minimizing setup efforts. Defines the number of segments, segment sequence, labels and default value set for each segment. 

Chart of accounts structure instance:Also referred to as chart of accounts, Multiple charts of accounts can share the same structure, but each may be customized differently to fit your transactional and reporting requirements: Value set,

Account hierarchy, Dynamic combination creation

**Assuming reader is already familiar of it We will not go in much details of COA, Balancing segments, Calendars, Accounting method definitions & their setups.

Enterprise Structure can also be created using spreadsheet uploads enabling Functional users to use excel spreadsheet to model, discuss & finalize the structure before the setups are loaded into Oracle.

 

 

(1)  Under the Financials offering locate the Define Chart of Accounts task grouping and navigate to the tasks needed to successfully bring your chart of accounts implementation into completion

       Define Common Applications Configuration for Financials

Define Enterprise Structures for Financials

Define Financial Reporting Structures

Define Chart of Accounts

Manage Charts of Accounts

Manage Chart of Accounts Value Sets

Manage Account Hierarchies

Publish Account Hierarchies

Manage Account Combinations

Manage Segment Value Security Rules

Manage Cross-Validation Rules

Manage Chart of Accounts Mappings (1)

Manage Chart of Accounts Synchronization with DRM

Maintain Segment Value Attributes(2)

(2)  Under the Financials offering locate the Define Calendars task grouping and navigate to the tasks needed to successfully bring your calendars’ implementation into completion

       Define Common Applications Configuration for Financials

Define Enterprise Structures for Financials

Define Financial Reporting Structures

Define Calendars

Manage Accounting Calendars

Manage Transaction Calendars

(3)  Under the Financials offering locate the Define Currencies task grouping and navigate to the tasks needed to successfully bring your currencies implementation into completion

       Define Common Applications Configuration for Financials

Define Enterprise Structures for Financials

Define Financial Reporting Structures

Define Currencies

Manage Currencies

Manage Conversion Rate Types

Manage Daily Rates

(4)  Under the Financials offering locate the task groupings below and navigate to the tasks needed to successfully bring your legal entity setup into completion

       Define Common Applications Configuration for Financials

Define Enterprise Structures for Financials

Define Legal Jurisdictions and Authorities for Financials

Manage Legal Jurisdictions

Manage Legal Authorities

Manage Legal Addresses

Define Legal Entities for Financials

Manage Legal Entities

Manage Legal Entity Registrations

Define Legal Reporting Units for Financials

Manage Legal Reporting Units

Manage Legal Reporting Unit Registrations

(5)  Under the Financials offering locate the Define Accounting Configurations iterative task list and navigate to the tasks needed to successfully bring your accounting configuration into completion

       Define Common Applications Configuration for Financials

Define Accounting Configurations

Manage Primary Ledgers

Assign Legal Entities

Specify Ledger Options

Assign Balancing Segment Values to Legal Entities

Assign Balancing Segment Values to Ledger

Manage Reporting Currencies

Define Secondary Ledgers

Manage Secondary Ledgers

Specify Ledger Options

Complete Primary to Secondary Ledger Mapping

Assign Balancing Segment Values to Legal Entities

Assign Balancing Segment Values to Ledger

Manage Reporting Currencies

Review and Submit Accounting Configuration

(6)  Under the Financials offering locate the Define Business Units iterative task list and the Maintain Common Reference Objects task grouping and navigate to the tasks needed to successfully bring your accounting configuration into completion

       Define Common Applications Configuration for Financials

Define Business Units

Manage Service Provider Relationships

View Service Clients

View Available Asset Books

Specify Customer Contract Management Business Function Properties

Specify Supplier Contract Management Business Function Properties

Manage Business Unit Set Assignment

Assign Business Unit Business Function

Configure Procurement Business Function

Configure Requisitioning Business Function

Maintain Common Reference Objects

Define Reference Data Sharing

Manage Reference Data Sets

Manage Set Assignments for Set Determinant Type

Rapid implementation is a way to configure the Oracle Fusion Financial Enterprise and Financial Reporting Structures quickly using sheets in a workbook to upload lists of companies (legal entities), ledgers, business units, chart of account values, and other similar data. Once the sheets have been uploaded, the application creates your ledger, business unit, and other components.

Begin by downloading the Rapid Implementation for General Ledger workbook using the Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet task on the Setup and Maintenance work area

1. Enter the data into the sheets.

2. Upload the xml files generated from the sheets.

3. Run the deployment process to finalize the chart of accounts configuration.

4. Upload the XML files generated from the sheets for the rest of the configuration

 

For Example following is a spreasheet example which can be deployed using process above.

 

 

Differences from R12

 

 

 

Related Concepts

Balance cubes which are Multidimensional structures that store your financial balances and enable high-speed, interactive financial reporting and analysis

• Balances cubes pre-aggregate your balances at every possible point of summarization, thus ensuring immediate access to financial data and obviating the need for an external data warehouse for financial reporting

  • A balances cube is uniquely identified by the combination of a chart of accounts and an accounting calendar. Average balances are tracked in a separate balances cube

  • Completing an accounting configuration launches a process to create or update balances cubes

  • If the combination of a ledger’s chart of accounts and calendar is new, the system creates a new balances cube. If your accounting configuration contains an average balance enabled ledger, an additional average balances cube is created

  • If the combination of a ledger’s chart of accounts and calendar already exists, the system simply adds the ledger(s) to the corresponding balances cube

  • Balances in the cubes are automatically maintained by the following general ledger processes: posting, open period and translation

Oracle Hyperion Data Relationship Management (DRM) is a data model-agnostic master data management solution that enables financial and analytical master data management.  It can be used to synchronize charts of accounts values and hierarchies across multiple EBS and Fusion instances.  Oracle provides integration between Hyperion DRM both the EBS General Ledger and the Fusion Accounting Hub. Integration between Oracle Fusion Accounting Hub and DRM provides the ability to synchronize charts of accounts values and hierarchies across multiple EBS and Fusion instances.  Customers can maintain charts of accounts values and hierarchies centrally in a single application, DRM, and then propagate updates to multiple E-Business Suite (EBS) and/or Fusion instances. 


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