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Total Duration: 12 hours

Oracle Fusion General Ledger embeds Oracle Essbase technology to combine traditional general ledger functionality with dimension based reporting functionality. At the time users set up their ledger and complete the accounting configuration, the balances cube is created automatically. Later, if you make a change such as adding a cost center or modifying a date effective hierarchy, the General Ledger uses simple maintenance routines to easily update the dimensions. As transactions or journals are posted, the General Ledger automatically updates the multidimensional cube. Unlike a data warehouse, no batch programs need to be run to populate the balances cube; it happens when the journal is posted.

Oracle Fusion General Ledger also preaggregates balances at every possible summarization level across each dimension of the chart of accounts and accounting periods for multiple date effective hierarchies, which accelerates reporting and inquiry. Reports and analytics are refreshed immediately when an entry is made.

Intelligence and analytics are embedded within the context of business transactions, such as journal entries, to help users to complete the transactions.

Oracle Fusion Financials General Ledger Training – Course Outline

Functional Setup Manager Overview

• Getting Started in Oracle Fusion Applications
• Overview of Oracle Fusion Functional Setup Manager
• Overview of the Functional Setup Manager
• Implementation Overview
• Browsing and Configuring Offerings

Define Common Applications Configurations

• Defining Enterprise Structures
• Configuring Enterprise Structures Overview
• Defining Geographies
• Defining Legal Jurisdictions and Authorities
• Managing Legal Entities
• Managing Legal Reporting Units
• Define Calendar
• Define Currency and Daily Rates
• Define Chart of Accounts
• Cross-Validation Rule
• Security Rule
• Define Ledger
• Managing Business Units

Creating Journal Entries

• Describe the accounting cycle
• Create manual and imported journal entries
• Post journal entries using various posting options
• Create reversing entries
• Perform inquiries and dill down to subledgers

Using Foreign Currencies

• Understand currency concepts
• Explore conversion rates
• Discuss cross-currency functionality
• Enter foreign currency journals

Managing Intercompany Transactions

• Create intercompany transactions from the UI
• Create intercompany transactions from allocations
• Run intercompany reconciliation
• Run intercompany reconciliation
• Create intercompany transactions using a spreadsheet

Performing Period Close

• Discuss the close monitor
• Open and close periods
• Allocate balances
• Manage revaluations
• Run translations
• Import journal entries
• Reconcile balances

Using the Financial Reporting Center                                        

• Describe the features of the Financial Reporting Center
• Describe Smart View key features
• Create financial reports using the Financial Reporting Studio
• Understand Custom Infolets and Account Groups
• Discuss Oracle Transaction BI reports and BI Publisher reports

Maintaining General Ledger Options

• Manage suspense accounts
• Manage statistical units of measure
• Manage processing schedules

Performing Consolidations

• Discuss consolidation methods
• Explore the reporting consolidation option
• Examine the balance transfer consolidation option 

Loading Budgets

• Describe budgeting preparation
• Explain integration with Oracle Hyperion Planning, Fusion Edition.
• Define the budget scenario dimension
• Load data with ADFdi and Oracle Smart View

What is the Target Audience?

• Implementation Consultants
• Accountants trying to make a career switch to Oracle Fusion Financials
• ERP Consultants with experience in JD Edwards, PeopleSoft, SAP etc.
• Oracle Apps EBS consultants trying to switch to Fusion Cloud ERP

We also recommend you to visit Oracle Forums and explore Oracle Support to learn more scenarios and solutions.