R12 Oracle Financials New Features Fundamentals

What you will learn

Get introduced to the new features of the Oracle Financials Release 12 applications that include Oracle Payables, Oracle Receivables, Oracle General Ledger, Oracle Purchasing, and Oracle Cash Management. The course teaches you how to set up some of the new features. It also provides a base of knowledge for your analysis of the new features in order to use them optimally.

The course takes you through key functions that include multi-org access control, sub-ledger accounting, E-Business tax, and much more. It explores migration and upgrade considerations that will help you utilize the new features effectively.

Learn to:
  • Describe the R12 architecture
  • Explain and set up Multi-Org Access Control (MOAC)
  • Describe and use the new features in R12 of Oracle General Ledger, Oracle Assets,
  • Oracle Purchasing, Oracle Payables, Oracle Receivables, Oracle Cash Management and Oracle EBusiness Tax.
  • Explain the purpose of sub-ledger accounting


Audience
 Functional Implementer
Sales Consultants

Prerequisites
 R12 Oracle General Ledger Management Fundamentals
R12 Oracle Asset Management Fundamentals
R12 Oracle Cash Management Fundamentals
R12 Oracle Payables Management Fundamentals
R12 Oracle Receivables Management Fundamentals
R12 Oracle E-Business Suite Essentials for Implementers
R12 Oracle Purchasing Fundamentals

Course Objectives
 Explain and use data access to multiple legal entities and ledgers description
Use Enhanced Mass Additions for Legacy Conversions Description
List the features and benefits of Deferred Recoverability of taxes in Payables
Give an overview of Oracle E-Business Tax and how to process taxes for transactions
Explain and use Balance Forward Billing Description, which replaces the Consolidated Billing feature in Receivables
Explain how to transition to new features in the Collections workbench, Bills receivable, Trade accounting, AR customer supplier netting to mention a few
Describe Accounting Setup where the ledger replaces the 11i concept of Set of Books
Set up and define the new bank model

Course Topics
Oracle Financials Overview
Multi-Org Access Control (MOAC)
 Explaining how Multi-Org Access Control works
Identifying the benefits of MOAC
Explaining how MOAC is implemented

Sub-ledger Accounting
 Explaining how Sub-ledger Accounting works
Benefits of Sub-ledger Accounting
Setup of Sub-ledger Accounting

Oracle E-Business Tax
 Key concepts of E-Business tax
Overview of E-Business tax architecture
Explaining the upgraded and enhanced features

Oracle General Ledger
 Accounting Setup Manager
Foreign currency enhancements
Use of ledgers and sub-ledgers
Security enhancements
Inter-company enhancements
Data Access to Multiple Legal Entities and Ledgers

Oracle Fixed Assets
 Integration with Sub-ledger Accounting
Enhanced Mass Additions for Legacy Conversions Description

Oracle Purchasing
 Professional Buyer’s Work Center and its benefits
Enhanced Catalog Access and its benefits
Explaining and using new document publishing capabilities
Model Complex Pricing for Blanket Line Items
Explaining the new catalog facilities
Maintaining sourcing rules/ASLs for agreement items
Explaining supplier packaging compliance controls
Using to-approval tolerances for change orders

Oracle Accounts Payable
 Using Advanced Asset Tracking tool
Deferred recoverability
Explaining new payment controls and enhanced information
Using payment requests
Using self-service invoice entry

Oracle Receivables
 Balance Forward Billing setup and its benefits
Receivables E-Business Tax Integration
Transition to New Features Collections Workbench
Centralized Payment Process
Automated Refunds
Revenue Contingencies
Migrating Taxes from 11.5 to 12.0
Migrating of Tax Codes and Tax Group

Oracle Cash Management
 Explaining the new Bank Account Model and its benefits
Bank Account Balances and Interest Calculations
Performing account transfers
Performing bank statement reconciliation