Oracle Fusion Applications 11g

Fusion Accounting Hub

Offering Content Guide

Table of Contents
1 Financial Control and Reporting..........................................5
1.1 Capture Transactions................................................................................5
1.1.1 Define Allocations and Period Entries.......................................................................................5
1.1.1.1 Manage Allocations and Periodic Entries..........................................................................5
1.1.2 Manage Subledgers.....................................................................................................................5
1.1.2.1 Update Subledger Accounting Balances...........................................................................5
1.1.2.2 Create Accounting Entries..................................................................................................5
1.1.2.3 Diagnose Accounting Event Data.......................................................................................5
1.1.2.4 Post Journal Entries to General Ledger.............................................................................5
1.1.2.5 Review Subledger Journal Entry........................................................................................5
1.1.2.6 Create Subledger Journal Adjustment...............................................................................5
1.1.2.7 Override Subledger Journal Entry......................................................................................5
1.1.2.8 Review Subledger Accounting Reports.............................................................................5
1.1.3 Record and Edit Standard Journal Entries................................................................................5
1.1.3.1 Reverse Journals..................................................................................................................6
1.1.3.2 Generate Automatic Reversal.............................................................................................6
1.1.3.3 Review Journals...................................................................................................................6
1.1.3.4 Correct Journal Import Errors.............................................................................................6
1.1.3.5 Delete Journal Import Data..................................................................................................6
1.1.3.6 Run Journals Reports..........................................................................................................6
1.1.3.7 Import Journals....................................................................................................................6
1.1.3.8 Create Journals....................................................................................................................6
1.1.3.9 Delete Journals.....................................................................................................................6
1.1.3.10 Check Funds.......................................................................................................................6
1.1.3.11 Reserve Funds....................................................................................................................6
1.1.4 Record Allocations and Periodic Entries...................................................................................6
1.1.4.1 Generate Allocation and Periodic Entries..........................................................................6
1.1.5 Manage Intercompany Transactions..........................................................................................6
1.1.5.1 Review Intercompany Transaction.....................................................................................7
1.1.5.2 Import Intercompany Transactions....................................................................................7
1.1.5.3 Transfer Intercompany Transactions.................................................................................7
1.1.5.4 Sweep Incomplete Intercompany Transactions................................................................7
1.1.5.5 Manage Intercompany Inbound Transactions...................................................................7
1.1.5.6 Manage Intercompany Outbound Transactions................................................................7
1.1.6 Approve Journals.........................................................................................................................7
1.1.6.1 Manage Journal Approvals..................................................................................................7
1.1.7 Post Journal Entries and Update Ledger Balances..................................................................7
1.1.7.1 Post Journals........................................................................................................................7
1.1.7.2 Generate Automatic Posting...............................................................................................7
1.2 Manage Budgets........................................................................................7
1.2.1 Enter Budgets...............................................................................................................................7
1.2.1.1 Enter Budget Amounts........................................................................................................7
1.2.1.2 Import Budgets.....................................................................................................................7
1.2.2 Monitor Budgets...........................................................................................................................7
1.2.2.1 Override Funds Reservation Failure...................................................................................8
1.2.2.2 Monitor Budgetary Control Balances.................................................................................8
1.2.2.3 Review Budgetary Control Balances..................................................................................8
1.2.2.4 Review Budgetary Control Transactions...........................................................................8
1.2.3 Close Budgets..............................................................................................................................8
1.2.3.1 Carry Forward General Ledger Balances...........................................................................8
1.2.3.2 Carry Forward Budgetary Control Balances......................................................................8
1.2.3.3 Reconcile Carry Forward in General Ledger.....................................................................8
1.2.3.4 Reconcile Carry Forward in Budgetary Control................................................................8

Offering Content Guide 2

 1.2.3.5 Manage Budget Periods.......................................................................................................8
1.2.3.6 Run Budgetary Control Budget Reports............................................................................8
1.2.3.7 Review Encumbrance Balances..........................................................................................8
1.2.3.8 Review Encumbrance Journals..........................................................................................8
1.2.3.9 Run Encumbrance Year-end Carry Forward......................................................................8
1.2.4 Manage Funds Reservations.......................................................................................................8
1.2.4.1 Check Funds.........................................................................................................................8
1.2.4.2 Override Funds Reservation Failure...................................................................................8
1.2.4.3 Reserve Funds......................................................................................................................8
1.2.4.4 Route Override to Budget Manager....................................................................................8
1.2.4.5 View Funds Results..............................................................................................................8
1.2.4.6 Request Budgetary Control Override.................................................................................8
1.3 Manage Financial Reporting and Analysis..............................................9
1.3.1 Prepare Financial Reports...........................................................................................................9
1.3.1.1 Generate Brazilian Accounting SPED Data Extract..........................................................9
1.3.1.2 Maintain Reporting Balances for Applications Coexistence with E-Business Suite.....9
1.3.1.3 Export Enterprise Financial Data for China.......................................................................9
1.3.1.4 Generate Electronic Accounting Statements for Mexico.................................................9
1.3.1.5 Generate Financial Statements...........................................................................................9
1.3.1.6 Create Financial Statements...............................................................................................9
1.3.2 Analyze Financial Performance..................................................................................................9
1.3.2.1 Inquire and Analyze Balances.............................................................................................9

Offering Content Guide 3

Disclaimer
This document describes product features that are proposed for the specified release of Oracle Fusion
Applications. This document describes new functionality only.

This document in any form, software or printed matter, contains proprietary information that is the exclusive
property of Oracle. Your access to and use of this confidential material is subject to the terms and conditions
of your Oracle Software License and Service Agreement, which has been executed and with you agree to
comply. This document and information contained herein may not be disclosed, copied, reproduced or
distributed to anyone outside Oracle without prior written consent of Oracle. This document is not part of
your license agreement nor can it be incorporated into any contractual agreement with Oracle or its
subsidiaries or affiliates.

This document is for informational purposes only and is intended solely to assess the business benefits of
upgrading to Oracle Fusion, and assist you in planning for the implementation and upgrade of the product
features described.

It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making
purchasing decisions. The development, release, and timing of any features or functionality described in this
document remains at the sole discretion of Oracle.

Introduction
This document communicates information about new or changed functionality introduced in Oracle Fusion
Applications. For your convenience, all the available functionality for the offerings included in this document
is organized hierarchically first by business process, then detailed business process. Finally the document
lists the required and optional tasks for these detailed business processes.

Offering Content Guide 4

1 Financial Control and Reporting
The process of financial control and reporting delivers greater control of your enterprise financial
management activities. It provides key users with better visibility of the entire process -- from capturing
transactions and closing subledgers to financial consolidation and reporting processes. The process
provides greater accuracy in updating and reconciling general ledger accounts, with checks and
balances across all subledger systems.

1.1 Capture Transactions

Accurately capture transactions in your financial system. Record accounting entries according to
appropriate accounting standards and principles for management reporting, audit, and statutory
compliance. Define transaction processing configuration and rules, manage ledgers and subledgers,
record and edit standard and periodic entries, record allocations, manage intercompany transactions,
post entries, and update ledger balances.

1.1.1 Define Allocations and Period Entries

Define allocations and other formulaic journal templates for generating periodic journal
entries automatically. Base formulas on multiple criteria, such as account balances or
statistical amounts, to allocate shared revenue or costs across multiple organizational units
and ledgers. Define complex computations based on different variables that can then be
automatically calculated. Group journal formulas together and executed sequentially to
update account balances in a step-by-step manner.

1.1.1.1 Manage Allocations and Periodic Entries

1.1.2 Manage Subledgers

Process subledger transactions for accounting, create adjustment entries, periodically post
summarized entries in General Ledger, maintain subledger account balances, and report on
subledger accounting activity.

1.1.2.1 Update Subledger Accounting Balances

1.1.2.2 Create Accounting Entries

1.1.2.3 Diagnose Accounting Event Data

1.1.2.4 Post Journal Entries to General Ledger

1.1.2.5 Review Subledger Journal Entry

1.1.2.6 Create Subledger Journal Adjustment

1.1.2.7 Override Subledger Journal Entry

1.1.2.8 Review Subledger Accounting Reports

1.1.3 Record and Edit Standard Journal Entries

Enter journal entries to record transactions or adjusting entries. Preview the projected effect

Offering Content Guide 5

 of the journal on account balances before committing the entry. Upload journals using
spreadsheets or an industry-standard open interface to integrate third-party systems. All
journals are validated online immediately and an audit trail is maintained for all actions
performed on the journal. Reverse journals to correct errors, refine estimates, or reverse
accruals. Generate reversals manually or automatically when a new period is opened or
based on a predefined schedule. Enable flexible journal reversal criteria to control the
journal categories to be reversed, the reversal period and date, and the reversal method.
View account balances in a columnar or T-account format. Maintain multiple representations
of the same journal or transaction to meet different reporting requirements including local
statutory and corporate reporting.

1.1.3.1 Reverse Journals

1.1.3.2 Generate Automatic Reversal

1.1.3.3 Review Journals

1.1.3.4 Correct Journal Import Errors

1.1.3.5 Delete Journal Import Data

1.1.3.6 Run Journals Reports

1.1.3.7 Import Journals

1.1.3.8 Create Journals

1.1.3.9 Delete Journals

1.1.3.10 Check Funds

1.1.3.11 Reserve Funds

1.1.4 Record Allocations and Periodic Entries

Create journals automatically by generating allocation and recurring journal formulas.

1.1.4.1 Generate Allocation and Periodic Entries

1.1.5 Manage Intercompany Transactions

Enter transactions between two different legal entities in an enterprise. Optionally obtain
approval from the receivers of the transactions before recording them as journal entries in
the provider and receiver ledgers, or as payables and receivables invoices.

Offering Content Guide 6

 1.1.5.1 Review Intercompany Transaction

1.1.5.2 Import Intercompany Transactions

1.1.5.3 Transfer Intercompany Transactions

1.1.5.4 Sweep Incomplete Intercompany Transactions

1.1.5.5 Manage Intercompany Inbound Transactions

1.1.5.6 Manage Intercompany Outbound Transactions

1.1.6 Approve Journals

Enforce journal approval on journal amounts that exceed a certain threshold limit, as well as
other approval criteria. Journals are automatically routed to the correct approver based on
their approval limits. An audit trail of the approval history is retained for reporting purposes.

1.1.6.1 Manage Journal Approvals

1.1.7 Post Journal Entries and Update Ledger Balances

Post journal entries to update general ledger balances for inquiry, reporting and analysis.

1.1.7.1 Post Journals

1.1.7.2 Generate Automatic Posting

1.2 Manage Budgets

Includes the activities to manage budget configuration and rules; and formulate, enter, execute, monitor,
and close budgets.

1.2.1 Enter Budgets

Establish and revise budgets to keep budget balance current for real-time budgetary
control.

1.2.1.1 Enter Budget Amounts

1.2.1.2 Import Budgets

1.2.2 Monitor Budgets

Review and analyze financial performance. Identify variances, research for explanations and
provide recommendations.

Offering Content Guide 7

 1.2.2.1 Override Funds Reservation Failure

1.2.2.2 Monitor Budgetary Control Balances

1.2.2.3 Review Budgetary Control Balances

1.2.2.4 Review Budgetary Control Transactions

1.2.3 Close Budgets

Perform budget closing at the end of a budget cycle and carry over budget balance to the
next budget cycle.

1.2.3.1 Carry Forward General Ledger Balances

1.2.3.2 Carry Forward Budgetary Control Balances

1.2.3.3 Reconcile Carry Forward in General Ledger

1.2.3.4 Reconcile Carry Forward in Budgetary Control

1.2.3.5 Manage Budget Periods

1.2.3.6 Run Budgetary Control Budget Reports

1.2.3.7 Review Encumbrance Balances

1.2.3.8 Review Encumbrance Journals

1.2.3.9 Run Encumbrance Year-end Carry Forward

1.2.4 Manage Funds Reservations

Service activity which includes the tasks to be embedded in the products that leverage
budgetary control such as Payables and Purchasing

1.2.4.1 Check Funds

1.2.4.2 Override Funds Reservation Failure

1.2.4.3 Reserve Funds

1.2.4.4 Route Override to Budget Manager

1.2.4.5 View Funds Results

1.2.4.6 Request Budgetary Control Override

Offering Content Guide 8

 1.3 Manage Financial Reporting and Analysis
Use financial reporting and analysis to supply information, that meets specific standards or principles, to
stakeholders such as managers, directors, stockholders, creditors, government authorities. Give
stakeholders relevant information about the company's financial performance so that they can make
reliable decisions. Define financial reporting configuration and rules, prepare financials, management,
and corporate tax reports, and analyze financial performance.

1.3.1 Prepare Financial Reports

Prepare trial balances, balance sheet, income statement, statement of cash flows and other
financial reports required by the organization and reporting authorities.

1.3.1.1 Generate Brazilian Accounting SPED Data Extract

1.3.1.2 Maintain Reporting Balances for Applications Coexistence with E-Business

Suite

1.3.1.3 Export Enterprise Financial Data for China

1.3.1.4 Generate Electronic Accounting Statements for Mexico

1.3.1.5 Generate Financial Statements

1.3.1.6 Create Financial Statements

1.3.2 Analyze Financial Performance

Analyze financial and management information and reports, analyze key performance
indicators, evaluate financial management performance and effectiveness, initiate
preventive or corrective actions, and make financial management changes where
necessary. Perform ad hoc queries and analysis on real-time transaction data with the
ability to drill down from summarized amounts to detail account balances, to journal lines,
and to the originating subledger transactions to get a comprehensive understanding of the
financial results.

1.3.2.1 Inquire and Analyze Balances

Copyright (c) 2011, Oracle. All rights reserved.

Offering Content Guide 9

This document is provided for information purposes only, and the contents hereof are subject to change without notice. This document is not warranted to be error-free, nor is it
subject to any other warranties or conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability or fitness for a particular
purpose. We specifically disclaim any liability with respect to this document, and no contractual obligations are formed either directly or indirectly by this document. This
document may not be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without our prior written permission.

Oracle and Java are registered trademarks of Oracle. Other names may be trademarks of their respective owners.

Offering Content Guide 10